CLEVELAND, March 5, 2018 /PRNewswire/ -- KeyCorp (NYSE: KEY)
announced today that Bruce Murphy,
Head of Corporate Responsibility, has shared his intention to
retire on July 1, 2018. Key also
announced that Don Graves will
succeed Murphy and assume responsibility for Key's Corporate
Responsibility and Community Relations functions.
Bruce Murphy, who joined the
company in 1990, has been Head of Corporate Responsibility since
2013 and has made significant contributions to the company by
establishing KeyBank as a leader in responsible banking, operations
and citizenship. "Bruce's focus on balancing mission and margin has
spanned across many areas of Key including the KeyBank Foundation,
fair and responsible products and community development lending,"
said Beth Mooney, Chairman and CEO
of KeyCorp. "Key is a stronger bank and community partner thanks to
Bruce's tireless work. He will leave a lasting legacy at
KeyBank."
Among Murphy's many accomplishments include the development and
execution of the $16.5 billion
National Community Benefits Plan. The first of its kind, the
National Community Benefits Plan set a new standard in the industry
and includes commitments for community development lending and
investing, mortgages to low-to-moderate income families, small
business lending and transformative philanthropy.
Often recognized for his broad circle of influence and civic
footprint, Murphy is a member of Leadership Cleveland, board member
of A.M. McGregor Foundation, and Bank Administration Institute. He
also serves on the FDIC Advisory Committee on Economic
Inclusion.
Don Graves joined Key in 2017 as
Senior Director of Corporate Community Initiatives & Relations.
In this role, Graves has worked to integrate Key's strategies
between community outreach efforts and public officials, trade
groups and agencies that support the opportunities and obligations
of the National Community Benefits Plan. Prior to joining
Key, Don served as Counselor and
Domestic and Economic Policy Director for Vice President Biden,
providing advice on a range of policy issues including ways to
create jobs and opportunity for the American people. Don was
previously appointed by President Obama as Executive Director of
the President's Council on Jobs and Competitiveness at the White
House and was also appointed by the President to lead the federal
government's efforts in the city of Detroit.
"Don's focus on community transformation and engagement has
given him the depth and breadth of experience to effectively lead
Key's Corporate Responsibility organization. I'm excited Don will
be bringing his passion for both creating value and transforming
communities to his new role. I look forward to Bruce and Don
partnering closely over the next several months to ensure a smooth
transition," said Mooney.
About KeyCorp
KeyCorp's roots trace back 190 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 $137.7
billion at December 31, 2017.
Key provides deposit, lending, cash management, insurance, and
investment services to individuals and businesses in 15 states
under the name KeyBank National Association through a network of
approximately 1,200 branches and more than 1,500 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