Cleveland, Oh., USA - KeyCorp, a financial company, announced that chairman and CEO Henry L. Meyer III will retire, effective May 1, 2011.
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Mr. Meyer joined the former Society National Bank (now Key) in 1972 where he achieved positions of increasing responsibility in the credit and commercial banking departments.
In 1984, he transferred to Dayton where he ultimately became president of Society Bank, National Association.
Mr. Meyer returned to Cleveland in 1987 after being elected executive vice president of Society Corporation and senior executive vice president of Society National Bank, responsible for Society's Retail Banking sector.
Mr. Meyer was elected vice chairman of the board of Society National Bank in 1989 and was elected president and chief operating officer in 1990.
He was elected vice chairman of the board and chief banking officer of Society Corporation in 1991.
Mr. Meyer was elected chief executive officer of Society National Bank in 1993 and was elected its chairman of the board in 1994.
He was elected senior executive vice president and chief banking officer of the new KeyCorp in 1994 and was elected its chief operating officer in May 1995.
Mr. Meyer was elected vice chairman of the board of KeyCorp in September 1996, president in May 1997, and chief executive officer in February 2001.
He was elected chairman of the board of KeyCorp in May 2001.
Mr. Meyer received a Bachelor of Arts degree in econometrics from Colgate University in 1972 and earned his Master of Business Administration degree from Harvard University in 1978.
Mr. Meyer will be succeeded by Beth E. Mooney, currently Vice Chair of KeyCorp and leader of Key’s Community Banking business.
In the interim, the Board elected Mooney as President and COO and a member of the KeyCorp Board of Directors.
KeyCorp Vice Chair Beth Mooney has led Key’s Community Bank, which includes Retail Banking, Business Banking, Commercial Middle Market Banking, Wealth Management, Private Banking, Key Investment Services and KeyBank Mortgage, since 2006
Ms. Mooney, who joined Key in April 2006, has over 30 years of experience in retail banking, commercial lending and real estate financing.
Prior to her most recent position as Senior Executive Vice President and Chief Financial Officer for Alabama-based AmSouth Bancorporation (now Regions Financial Corporation), Ms. Mooney ran its banking operations in Tennessee and Northern Louisiana.
Ms. Mooney also completed other line assignments of increasing responsibility at Bank One Corporation, Citicorp Real Estate, Hall Financial Group and Republic Bank of Texas/First Republic.
At Bank One, she served as Regional President in Akron and Dayton, and then as President of Bank One Ohio, managing major markets throughout the state.
Ms. Mooney graduated from the University of Texas in 1977 and earned her Master of Business Administration degree from Southern Methodist University in 1983, where she was selected as a 2007-2008 Distinguished Alumni of the Cox School of Business. ■