Bank holding company KeyCorp (KEY: Quote) appointed Donald Kimble as the new chief financial officer to succeed Jeffrey Weeden, who earlier in the month decided to retire from the company, effective June 30, 2013, after serving in the role for more than a decade. Kimble is a finance executive with more than 25 years of experience in financial services.
Kimble will report directly to KeyCorp Chairman and CEO Beth Mooney and will be a member of Key’s Management Committee and the Executive Council.
“Don Kimble is a tremendous addition to Key’s leadership team. He possesses deep financial services experience and strong leadership skills with a proven ability to help businesses drive growth and efficiency. Don brings a unique perspective and a forward focus that make him an incredibly valuable addition to the team,” Mooney said in a statement.
At KeyCorp, Kimble will be responsible for financial and operational strategy and associated metrics, as well as the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
Kimble will join the company on June 3 after most recently serving in a similar position for the past nine years at Huntington Bancshares, Inc. (HBAN: Quote), from where he resigned earlier in a day.
He joined Huntington in 2004, and served as controller until 2006. Previously, Kimble was the executive vice president of finance and controller for AmSouth Bancorp., a bank holding company in Birmingham, Alabama.
Prior to that AmSouth, Kimble served with Bank One for 13 years, serving in various accounting and subsidiary chief financial officer positions.
Earlier, the company announced on May 10 that Weeden has decided to retire, effective June 30, 2013 after serving as CFO for nearly 11 years since September 2002, when he joined the company from MFN Financial Corp.
Cleveland Ohio-based KeyCorp, the holding company for KeyBank N.A. said then that Weeden has agreed to help in a smooth and successful transition of his responsibilities.
Weeden joined KeyCorp after serving as the president of MFN Financial from October 1999 to 2002 and its CEO from January 2001 to 2002 and COO from October 1999 to January 2001.
Weeden also served as the CFO of MFN Financial from March 1999 to October 1999. Prior to joining MFN Financial, he served as a senior vice president and CFO of Firstar Corp. from 1996 to 1998.
In Thursday’s regular trading session, KEY is currently trading at $10.59, down $0.04 or 0.42% on a volume of 1.68 million shares.
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by RTT Staff Writer
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