But one semester teaching 11th graders back in the ‘70s was enough for her. 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. .“I believe there is a responsibility of good leaders who have spent 14 years leading and contributing to a company and a community that you love and are very proud of, to also help shape the future and really work toward an orderly transition,” Mooney said.Gorman, 58, has been named president and chief operating officer and a director on the board effective immediately. “My time at Key has been the most rewarding chapter of my career. 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 got laughed out of every place in town,” she recalled.The last one was at Republic Bank, the largest in Texas. Joined Key in 1998; was most recently vice chair and president of banking.Lives in Cleveland; married with three grown children.Is on the board of University Hospital Health System, Catholic Community Foundation of Cleveland and the Cleveland Museum of Art.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. All rights reserved (
CLEVELAND, Ohio -- KeyCorp CEO and chairman Beth Mooney, who is retiring May 1, sent an email Monday signing off and thanking employees for their work during her tenure. KeyCorp Chairman & CEO Beth Mooney to retire in May 2020, Stocks: NYSE:KEY, release date:Sep 19, 2019 Mooney, who became chairman and CEO of … Chief Executive and Chairman Beth Mooney is retiring from the regional lender in May and will be succeeded by Chris Gorman, who leads KeyBank, in both roles. The company said Mr. Gorman has been named operating chief and … 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.I know we will find our way through these unprecedented and challenging times and that better, brighter days are ahead. Until then, I hope you and your loved ones are healthy and safe and I wish you all the best. Mooney begged and then said, "I'm not leaving until I get a job." Key said Ms. Mooney is retiring May 1. Beth Mooney; Mooney batting for Australia during the 2020 ICC Women's T20 World Cup. Beth Mooney, the chairman and CEO of Cleveland-based KeyCorp (NYSE: KEY) since May 2011, will retire from the financial services giant next year. 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. “My time at Key has been the most rewarding chapter of my career. Cleveland, Ohio–based KeyCorp (NYSE: KEY) has announced that chairman and CEO Beth Mooney (left) plans to retire May 1, 2020. 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. CLEVELAND, Ohio — KeyCorp CEO and chairman Beth Mooney, who is retiring May 1, sent an email Monday signing off and thanking employees … In anticipation of Mooney’s retirement, KeyCorp’s board has also announced the appointment of Chris Gorman as president and COO and a member of the board of directors, “effective immediately,” per a Thursday news release. "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. But he was so impressed with Mooney that he talked with her for three hours and offered her a management-trainee job on the condition that she promised to go to night school and earn a master’s degree in business.Mooney became Republic’s youngest senior vice president at age 30, and its first female.
CLEVELAND, Ohio -- KeyCorp CEO and chairman Beth Mooney, who is retiring May 1, sent an email Monday signing off and thanking employees for their work during her tenure. KeyCorp Chairman & CEO Beth Mooney to retire in May 2020, Stocks: NYSE:KEY, release date:Sep 19, 2019 Mooney, who became chairman and CEO of … Chief Executive and Chairman Beth Mooney is retiring from the regional lender in May and will be succeeded by Chris Gorman, who leads KeyBank, in both roles. The company said Mr. Gorman has been named operating chief and … 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.I know we will find our way through these unprecedented and challenging times and that better, brighter days are ahead. Until then, I hope you and your loved ones are healthy and safe and I wish you all the best. Mooney begged and then said, "I'm not leaving until I get a job." Key said Ms. Mooney is retiring May 1. Beth Mooney; Mooney batting for Australia during the 2020 ICC Women's T20 World Cup. Beth Mooney, the chairman and CEO of Cleveland-based KeyCorp (NYSE: KEY) since May 2011, will retire from the financial services giant next year. 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. “My time at Key has been the most rewarding chapter of my career. Cleveland, Ohio–based KeyCorp (NYSE: KEY) has announced that chairman and CEO Beth Mooney (left) plans to retire May 1, 2020. 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. CLEVELAND, Ohio — KeyCorp CEO and chairman Beth Mooney, who is retiring May 1, sent an email Monday signing off and thanking employees … In anticipation of Mooney’s retirement, KeyCorp’s board has also announced the appointment of Chris Gorman as president and COO and a member of the board of directors, “effective immediately,” per a Thursday news release. "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. But he was so impressed with Mooney that he talked with her for three hours and offered her a management-trainee job on the condition that she promised to go to night school and earn a master’s degree in business.Mooney became Republic’s youngest senior vice president at age 30, and its first female.