beth mooney keybankBlog

beth mooney keybank

And all of you have done so much for me and meant so much to me that I didn’t want to miss the opportunity to reach out and say it directly.”Mooney, the first female CEO of a top 20 U.S. bank, also said goodbye.“I know we will find our way through these unprecedented and challenging times and that better, brighter days are ahead. KeyCorp's Beth Mooney to retire; Gorman named successor By Laura Alix September 19, 2019, 6:20 p.m. EDT 1 Min Read KeyCorp Chairman and CEO Beth Mooney, the first woman in history to lead a top-20 U.S. bank, is retiring next year and will be replaced by Key’s president of banking, Chris Gorman. Beth Mooney, Key's chairman and CEO since 2011, will be succeeded by Chris Gorman.Beth Mooney, the first female CEO of a top 20 U.S. bank and a fixture in the banking world for decades, is retiring from KeyCorp effective May 1.Mooney, who became chairman and CEO of Cleveland’s largest bank in 2011, will pass the torch to Chris Gorman, Key’s vice chairman and president of banking.Together with her predecessor, Henry Meyer, and other Key executives, Mooney helped steer Cleveland-based Key through the economic crisis a decade ago that crushed many of its competitors, including Ohio’s largest bank, National City.Under Mooney, Key four years ago bought First Niagara of Buffalo, a huge deal that increased Key’s size by 40% and made it the 13th-largest bank in the United States.Mooney, a history teacher-turned secretary-turned Fortune 500 CEO, has been in banking for 40 years.

She wanted to ensure a smooth transition to a successor. And it was time.“It’s a bittersweet moment,” said Mooney, who joined Key in 2006 and has been CEO for the last nine years.“It’s kind of like being a two-term president,” she said. “I got laughed out of every place in town,” she recalled.The last one was at Republic Bank, the largest in Texas. Beth Mooney is the CEO/Chairman for KeyBank, an organization which has its base in … Mooney begged and then said, "I'm not leaving until I get a job." "Under Mooney, Key’s stock has almost exactly doubled, although that’s a bit skewed because all banks’ stocks have climbed notably since tanking in 2008-09. "We have had the opportunity to work closely with him and know that he will continue to lead Key with a focus on growth while maintaining Key’s values.“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,” Cutler continued.Prior to becoming chairman and CEO, Mooney was vice chair of KeyCorp and head of its community bank, working her way up from other posts.“The thing I’m most proud of," Mooney said, "is the team we have and the work they do every day to make a difference.”The Michigan native’s tenure in banking included management positions at Citicorp Real Estate Inc., Hall Financial Group, Republic Bank in Texas, AmSouth Bancorporation and Bank One Corp., where she eventually became president of the bank’s Ohio operations.She was named the most powerful woman in banking in the United States in 2013, 2014 and 2015 in a prestigious annual ranking from American Banker.Gorman joined the bank in 1998 as part of Key’s acquisition of McDonald Investments, where he held several leadership roles. She will be succeeded by Chris Gorman. Gorman was also responsible for leading the integration of First Niagara.In his current role as president of banking, Gorman is responsible for the bank’s revenue-generating businesses, including consumer, commercial and institutional banking.In an interview, Gorman said he believes Key already has the “right strategy,” and predicts that in the next several years, the industry will see “massive change and massive disruption” fueled by the “digitization of everything.”“I think we are going to be able to be very nimble,” he said. I look forward to our paths crossing again soon,” she wrote.Note to readers: if you purchase something through one of our affiliate links we may earn a commission.Registration on or use of this site constitutes acceptance of our © 2020 Advance Local Media LLC. Until then, I hope you and your loved ones are healthy and safe and I wish you all the best. KeyCorp's Beth Mooney is set to retire as Chairman and CEO next year, nine years to the day that she first stepped into the role. Key has 17,200 full-time employees, $145 billion in assets and 1,100 branches nationwide.In an interview Thursday, Mooney said the decision to retire was driven by a few issues: She’ll be 65 in February. Clients using a TDD/TTY device: 1-800-539-8336. “Absolutely — Cleveland is my home,” she said.

Will become chairman and CEO in May. She’s also on the boards of AT&T and Ford.Sandy Cutler, lead independent director of KeyCorp’s board of directors, praised Gorman in a statement.

I realize what I will miss the most is having the chance to say thank you,” Mooney wrote. Chris Gorman will succeed Beth Mooney, who has been chairman and CEO of KeyCorp since 2011.CLEVELAND, Ohio — KeyCorp CEO and chairman Beth Mooney, Mooney, who’s held the top job since 2011, acknowledged her departure announced last year comes at a strange time. . She left Republic in 1987.

She made $10,200 a year.The memorable story is that Mooney knocked on the doors of every bank once she moved to Dallas the following year and told the human resources departments she wanted to apply for their management training program.

“You’ve fulfilled your term. You’ve fulfilled your personal dreams. The KBW Bank Index, which tracks the industry, has also almost exactly doubled from May 2011 to present.In college, Mooney had planned to be a teacher.

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