In May of next year, Beth Mooney will become chairman and CEO of Cleveland-based Keycorp ($95 billion in assets) and the first woman to lead one of the top 20 U.S. banks. Mooney, who yesterday became president and chief operating officer of Ohio's second-biggest bank, will take over from current chairman and chief executive officer Henry L. Meyer, who will retire.
Mooney has led the bank's "community bank" -- which includes retail, business, and commercial baking, wealth management, private banking, investment services and mortgages -- since 2006. During that time she has reportedly modernized two-thirds of the bank's 1,000 branches and invested in new technologies in the branches as well as upgrades to its 1,500 ATMs and three call centers.
Prior to joining Key in April 2006, Mooney was CFO of AmSouth Bancorporation (now Regions Financial Corporation). She held line management positions at major financial services companies including Citicorp Real Estate, Inc., Hall Financial Group, Republic Bank in Texas, AmSouth Bancorporation and Bank One Corporation where she eventually became president of the firm's Ohio operations. She has more than 30 years of experience in retail banking, commercial lending and real estate financing.
"Beth Mooney is a proven and outstanding leader," Meyer said in a statement. "She and her team are the architects of our successful community banking strategy. The ability to now further align community banking with the solid expertise and products of national banking will create a powerful lever to drive Key's future growth and success."