Deals
KeyCorp Picks Mooney as New CEO When Meyer Retires
This article is for subscribers only.
KeyCorp, Ohio’s second-largest bank, said Beth Mooney will take over as chairman and chief executive officer when Henry L. Meyer retires in May, making her the first woman to lead one of the 20 biggest independent U.S. banks.
Mooney, 55, vice chairman of KeyCorp and head of community banking, was named president and chief operating officer effective immediately, the Cleveland-based lender said yesterday in a statement. She was named a board member and takes over as CEO on May 1. The stock slid 2.4 percent in New York, the biggest drop in the 24-company KBW Bank Index, on speculation that a takeover is less likely.