After nine years as chief financial officer of KeyBank, Don Kimble will retire next May, the bank said Wednesday.
Clark H.I. Khayat, who has served as the bank's chief strategy officer and its head of commercial payments, will succeed Kimble as CFO.
Khayat directed KeyCorp's strategy of building scale via acquisitions of businesses including Laurel Road, Cain Brothers and Pacific Crest. Khayat is an adjunct professor of managerial consultancy at Case Western Reserve University. Key said it plans to find a new chief strategy officer to replace him.
In addition to CFO, Kimble also served as the bank's chief administrative officer. Key declined to comment on whether it would look for a new administrative head.
Kimble was with Key for its acquisition of First Niagara in July 2016 and its most recent chief executive change, when Beth Mooney was succeeded by Chris Gorman in May 2020. Before working for Cleveland-based KeyCorp, Kimble was an executive at Huntington Bancshares and Bank One. He received just over $6 million in total compensation in 2021.
