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Richard K. Davis, former CEO of Make-A-Wish America and U.S. Bancorp, elected to lead Mayo Clinic Board of Trustees
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JACKSONVILLE, Fla. — Richard K. Davis, former president and CEO of Make-A-Wish America and former executive chair and CEO of U.S. Bancorp, has been elected chair of the Mayo Clinic Board of Trustees. He will serve a four-year term beginning Feb. 21. Davis succeeds Michael Powell, who joined the Mayo Clinic Board of Trustees in 2011 and was elected chair in 2021.
"Richard is a values-driven leader who brings a deep understanding of Mayo Clinic, an unwavering commitment to our values, strategic vision and business acumen to Mayo Clinic's board," says Gianrico Farrugia, M.D., president and CEO of Mayo Clinic. "He will continue to help lead Mayo Clinic on our patient-centered journey to transform healthcare for the benefit of all."
Davis joined the Mayo Clinic Board of Trustees in 2017. As chair of the Finance and Investment Committee, he applied his experience from the 2008 financial crisis to provide valuable counsel during and after the COVID-19 pandemic. As a member of the board, Davis also helped guide Mayo Clinic's Bold. Forward. strategy to transform healthcare, including the successful launch of both Mayo Clinic Platform and Bold. Forward. Unbound., a multiyear investment in Mayo Clinic's physical and digital infrastructure across all of its sites.
Most recently, Davis was president and CEO of Make-A-Wish America, and prior to that, he was CEO of U.S. Bancorp, the parent company of U.S. Bank, one of the largest commercial banks in the U.S. During his long tenure at U.S. Bancorp, Davis also was executive chair, president and chief operating officer. He now serves on the board of directors for Mastercard Incorporated, Wells Fargo and Company, and Dow Inc., where he is the lead director.
Throughout his distinguished career, Davis has also served as chair of the Financial Services Roundtable, chair of the Consumer Bankers Association, chair of The Clearing House and representative for the Ninth District of the Federal Reserve, where he was president of its Financial Advisory Committee. He was one of three executive co-chairs of the 2018 Minnesota Super Bowl Host Committee and has contributed as a board member for several nonprofits, including the American Red Cross and the Twin Cities YMCA.
Mayo Clinic expresses deep gratitude to Mr. Powell, outgoing chair. During his tenure as chair of the Mayo Clinic Board of Trustees, Powell strengthened the depth of talent on the board. He brought his experience as president and CEO of The Internet & Television Association, one of the largest trade associations in Washington, D.C., and as former chair of the Federal Communications Commission. In his capacity as Mayo Clinic Board of Trustees chair, Powell provided invaluable leadership and guidance as Mayo Clinic executed its goal to transform healthcare.
"With his integrity and compassion, Michael Powell enabled Mayo Clinic to continue advancing our vision for the future of healthcare, and we are deeply grateful for his service," says Dr. Farrugia. "He inspires innovation while always staying true to the values that are central to our mission."
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About Mayo Clinic Board of Trustees
The Mayo Clinic Board of Trustees, a 32-member group of public representatives and Mayo Clinic physicians and administrators, is responsible for patient care, medical education and research at Mayo Clinic in Arizona, Florida and Minnesota, as well as Mayo Clinic Health System, a network of clinics and hospitals serving more than communities in Minnesota and Wisconsin.
Media contact:
- Andrea Kalmanovitz, Mayo Clinic Communications, newsbureau@mayo.edu
