KeyCorp announced that Chairman and Chief Executive Officer, Beth Mooney, will retire on May 1, 2020. In anticipation of Mooney's retirement, the board is announcing that Chris Gorman has been appointed President and Chief Operating Officer and a member of the Board of Directors, effective immediately. Gorman will succeed Mooney as Chairman and CEO on May 1, 2020.

Mooney has served in the role of Chairman and CEO since May 1, 2011 after joining the bank in 2006. During his time at Key, Gorman has led KeyBanc Capital Markets and served as President of Key Corporate Bank. Gorman was also responsible for leading the integration of First Niagara Financial Group.

In his current role as President of Banking, he is accountable for the revenue generating businesses across Key, including Consumer, Commercial, and Institutional Banking.