KEYCORP ANNOUNCES STACY L. GILBERT TO SUCCEED DOUGLAS M. SCHOSSER AS CHIEF ACCOUNTING OFFICER

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KeyCorp (KEY) announced the departure of Chief Accounting Officer Douglas M. Schosser, who will be succeeded by Stacy L. Gilbert effective March 15, 2024. Stacy brings over 25 years of accounting experience to the role, having previously served in various accounting positions at KeyCorp and FirstMerit Corporation.

CLEVELAND, Feb. 26, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced that Douglas M. Schosser, currently Chief Accounting Officer, will be leaving the company to pursue a senior executive position at another company, effective March 15, 2024. Stacy L. Gilbert will succeed him as KeyCorp's Chief Accounting Officer at that time.

Stacy has served as Corporate Controller of KeyCorp since August 2023. She previously served as Assistant Corporate Controller and Senior Director of External Reporting and Accounting Policy. Stacy first joined Key in 2002, holding a variety of accounting roles, before leaving to join FirstMerit Corporation in 2008. She re-joined Key in 2016.

"I would like to congratulate Stacy on her appointment," said Clark Khayat, Chief Financial Officer of KeyCorp. "Her more than 25 years of accounting and financial reporting experience with publicly traded financial institutions will serve us well. I am confident that this well-planned succession will result in a smooth transition."

"I want to thank Doug for his significant contributions to Key during his more than 25 years at our company," Clark added. "We wish him all the best in his next endeavor."

About KeyCorp
KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $188 billion at December 31, 2023. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com. KeyBank is Member FDIC.

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SOURCE KeyCorp

FAQ

Who is succeeding Douglas M. Schosser as Chief Accounting Officer at KeyCorp?

Stacy L. Gilbert will succeed Douglas M. Schosser as Chief Accounting Officer at KeyCorp.

When will Douglas M. Schosser leave KeyCorp?

Douglas M. Schosser will be leaving KeyCorp effective March 15, 2024.

How long has Stacy L. Gilbert been with KeyCorp?

Stacy L. Gilbert first joined KeyCorp in 2002 and re-joined in 2016, bringing over 25 years of accounting experience.

What position did Stacy L. Gilbert hold before being appointed as Chief Accounting Officer?

Stacy L. Gilbert served as Corporate Controller of KeyCorp before being appointed as Chief Accounting Officer.

What is Clark Khayat's role at KeyCorp?

Clark Khayat is the Chief Financial Officer of KeyCorp, congratulating Stacy L. Gilbert on her appointment as Chief Accounting Officer.