Attached files
file | filename |
---|---|
8-K - FORM 8-K - KEYCORP /NEW/ | l41266e8vk.htm |
Exhibit 99.1
News
|
KeyCorp |
|
127 Public Square | ||
Cleveland, OH 44114 |
CONTACTS:
|
ANALYSTS | MEDIA | ||
Vernon Patterson | William Murschel | |||
216.689.0520 | 216.471.2885 | |||
Vernon_Patterson@keybank.com | William_C Murschel@keybank.com | |||
Christopher Sikora | ||||
216.689.3133 | ||||
Christopher_Sikora@keybank.com |
INVESTOR
|
KEY MEDIA | |||
RELATIONS:
|
www.key.com/ir | NEWSROOM: www.key.com/newsroom |
FOR IMMEDIATE RELEASE
KEY ANNOUNCES THAT GORMAN AND KOEHLER WILL LEAD ITS
TWO MAJOR BUSINESS ORGANIZATIONS
TWO MAJOR BUSINESS ORGANIZATIONS
Gorman named President of Key Corporate Bank
Koehler will be President of Key Community Bank
CLEVELAND, Dec. 1 -- KeyCorp (NYSE: KEY) President and Chief Operating Officer Beth E. Mooney
today announced that two veteran Key executives will lead the companys major business divisions,
Key Corporate Bank and Key Community Bank.
Christopher M. Gorman was named President, Key Corporate Bank, and William R. Koehler was named
President, Key Community Bank. Both positions will report to Mooney. The appointments are
effective immediately.
Key Corporate Bank, formerly Key National Banking, includes the companys commercial real estate,
corporate banking services, treasury management, equipment finance, investment banking and capital
markets businesses. Key Community Bank includes the businesses associated with Keys 14-state
branch network, including retail banking, small- and middle-market business banking, private
banking, investment services and mortgage.
These actions are aimed at accelerating our momentum and capitalizing on our distinct
capabilities, noted Mooney. As we assess the financial services landscape, it is essential we
leverage what is clearly our greatest competitive advantagethe synergies created by delivering
our capabilities as one Key in the marketplace.
Mooney continued, This approach will position Key to grow and win by fully leveraging our
strengths: strong district teams, award-winning service, deep client insights, industry expertise
and product specialization. It more accurately reflects the total capabilities we offer, as well
as the focus we provide from client, segment, industry and geographic perspectives. We will also
continue to emphasize our strong and enduring commitment to communities.
Gorman has been with Key since 1991, and has 27 years of experience in corporate and investment
banking. He presently leads the Key business groups, previously known as Key National Banking,
that provide corporate and investment banking, capital markets, commercial real estate and
equipment finance solutions for Key clients. Previously, Gorman served as President of KeyBanc
Capital Markets and led Keys middle-market and large-corporate banking groups. He is a member of
KeyCorps Management Committee. Gorman holds a Bachelors degree in Finance from Miami University.
Koehler has 20 years of experience in the financial services industry and joined Key in 1996. He
has been President of KeyBanks Great Lakes Region, which encompasses more than 340 branches in
seven Key districts in Ohio, Michigan and Indiana. Also, Koehler successfully led the
corporate-wide initiative known as Keyvolution, improving the companys efficiency and
effectiveness. Prior to this role, he was KeyBanks District President in Michigan and Managing
Director of KeyBanc Capital Markets. Koehler holds a B.A. in Economics from Harvard University and
an MBA from Columbia Business School. He will join KeyCorps Management Committee.
Mark J. Williams, Director of Strategic Planning, will also report to Mooney. This move will
enhance Keys ability to effectively integrate and align corporate and business unit strategy.
Mooney was named KeyCorp President and COO on Nov. 18, and will succeed KeyCorp Chairman and CEO
Henry L. Meyer III when he retires effective May 1, 2011.
Cleveland-based KeyCorp (NYSE: KEY) is one of the nations largest bank-based financial services
companies, with assets of approximately $95 billion. Key companies provide investment management,
retail and commercial banking, consumer finance, and investment banking products and services to
individuals and companies throughout the United States and, for certain businesses,
internationally. For more information, visit https://www.key.com/.
# # #
Note to Editors: For up-to-date company information, media contacts and facts and figures about Key
lines of business, visit http://key.com/newsroom to view our Media Newsroom.