Dive briefs:
- named KeyBank Clark HI Khayat will become the company’s next CFO, succeeding Don Kimble, who is scheduled to retire on May 1, 2023, according to Thursday’s press release..
- According to his LinkedIn profile, Khayat joined the Cleveland-based bank in 2012 as executive vice president of corporate strategy, then served as group head of commercial payments before becoming chief strategy officer in 2018. I was.
- According to his LinkedIn profile, Kimble joined KeyBank, which has $190 billion in assets, in 2013 after serving as CFO at Huntington Bank and Bank One.
Dive Insight:
In Khayat, KeyBank funds those who have helped build the scale of the bank through niche acquisitions such as Laurel Road, Kane Brothers and Pacific Crest.
“Clark is a strategic, purpose-driven leader who has played a key role in both developing and executing strategy for the organization.”
KeyBank plans to find a new chief strategy officer to replace Khayat, but did not disclose whether it would hire a chief administrative officer (a role Kimble played in addition to the CFO), American Banker reported.
In a statement, Gorman thanked Kimble for his “unrelenting dedication, sound judgment and steadfast leadership”, which he said had led the bank to “sound and profitable growth”.
