Gorman to Succeed Mooney as Key Corp Chair, CEO
The board of directors of KeyCorp this week appointed Chris Gorman president, chief operating officer and a member of the board of directors, effective immediately. The appointment was made in anticipation of the pending retirement of Beth Mooney, chairman and CEO since May 2011. Gorman will succeed Mooney May 1. “We have had the opportunity to work closely with [Gorman] and know that he will continue to lead Key with a focus on growth while maintaining Key’s values,” said Sandy Cutler, lead independent director of KeyCorp’s board of directors. “We’d also like to thank Beth for her transformational leadership — from building a strong culture that attracts and retains talent, to delivering value for our shareholders while maintaining a client focus, to creating the blueprint in how to effectively invest in our communities.” Gorman joined the bank in 1998 as part of Key’s acquisition of McDonald Investments. During his time at Key, Gorman has led KeyBanc Capital Markets and served as president of Key Corporate Bank. He was also responsible for leading the integration of First Niagara Financial Group.
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