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CLEVELAND — KeyCorp says CEO and Board Chairman Henry L. Meyer III is retiring in the spring and will be succeeded by the company's vice chair.
The bank says Beth E. Mooney, leader of its community banking business, will replace Meyer when he retires effective May 1, 2011. In the interim, the bank's board has elected Mooney as president and chief operating officer. She has also been elected as a member of KeyCorp's board of directors.
Meyer was elected CEO in February 2001 and chairman of the board in May 2001. KeyCorp says that Mooney will become the first female CEO of a top 20 U.S. bank.
KeyCorp has more than 1,000 community bank branches across a 14-state region.
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