KeyCorp (NYSE: KEY) on Thursday announced that Donald Kimble will join the banking company as CFO beginning June 3.
The move follows the May 10 announcement that current CFO Jeffrey Weeden plans to retire.
Kimble is a financial executive who brings more than 25 years of experience in financial services to the CFO position, Key said in a news release.
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Kimble will be responsible for Key’s financial and operational strategy, financial results tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results, according to KeyCorp.
He will report to KeyCorp chairman and CEO Beth Mooney and will serve on Key’s management committee and its executive council.
The scope of Kimble’s responsibilities will include accounting, tax, treasury, planning and forecasting, investor relations, corporate real estate, and line of business finance, the company said.
Cleveland–based KeyCorp is the parent company of KeyBank, which has more than 1,000 branches in 14 states and assets of more than $89 billion.
Key is the number two bank in the Syracuse–metro area deposit market with 27 branches, more than $1.8 billion in deposits, and a market share of nearly 17 percent, according to the latest statistics from the Federal Deposit Insurance Corp.
The bank has two offices, more than $58 million in deposits, and a market share of under 2 percent in the Utica–Rome area, according to FDIC data.
Contact Reinhardt at ereinhardt@cnybj.com
