Christopher M. Gorman
Chairman and Chief Executive Officer
Executive
7 yr
7 reports
KeyCorp ·KEY
Institutional Bank head is a named NEO reporting directly to CEO
Financials · Fortune #436 · Hybrid structure · 17K employees · Cleveland, Ohio
View as of:
5
CEO span
↓ tighter than peers (avg 10)
1.8
Avg span
tight
3
Max depth
3 levels
4.6 yr
Avg tenure
stable vs FY2024
40%
Internal hires
↓ below industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$1.7B
Net income
$1.8B
Total assets
$184.4B
Shares out
1.09B
Sourced from KeyCorp DEF 14A · filed 2026-03-27 ↗ View on SEC
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Institutional Bank leadership reports directly to the CEO, an uncommon choice among regional banks. This page maps KeyCorp’s hybrid enterprise structure, profiles its executive team, tracks recent leadership changes, and compares governance depth with peers.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Amy G. Brady departed as Chief Information Officer
Resigned effective March 2, 2026, for personal health reasons.
Source · See change logScenario views in the chart
- Add Chief Operating Officer Introduce a COO to absorb operational oversight and reduce the CEO’s span of control.
Atlas work this supports
- Connect Workday or UKG Get these analytics for YOUR org — tenure, span of control, headcount, automatically from your HRIS.
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- Plan a Reorg Use this as a starting point. Model scenarios, compare structures, present options to your board.
The people
Who's running this
6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Andrew J. Randy Paine III
Head of Institutional Bank
Commercial Bank
6 yr
0 reports
Clark H. I. Khayat
Chief Financial Officer
Finance
4 yr
1 reports
Mo Ramani
Chief Risk Officer
Risk
1 yr
0 reports
Amy G. Brady
Chief Information Officer
Technology
5 yr
0 reports
internal
James L. Waters
Secretary and General Counsel
Legal
8 yr
1 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.
Christopher M. Gorman $11.5M
- Base salary
- $1.20M
- Bonus
- $6.21M
- Stock awards
- $690K
- Option awards
- $3.24M
- Non-equity incentive
- $49K
- Pension change
- $133K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The skin in the game
Beneficial ownership
Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.
Stock ownership requirements
5×CEO base salary
3×NEO base salary
5×Director cash retainer
Stock ownership guidelines require executives and directors to hold multiples of base salary or cash retainer.
The businesses
How KeyCorp divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Commercial Bank
5K employees
Head of Institutional Bank (Andrew J. Randy Paine III)
Provides lending, capital markets, and advisory services to middle‑market and institutional clients.
Finance
800 employees
Chief Financial Officer (Clark H. I. Khayat)
Oversees financial reporting, capital management, and investor relations.
Risk
600 employees
Chief Risk Officer (Mo Ramani)
Manages enterprise, credit, market, and operational risk.
Technology
2K employees
Chief Information Officer (Amy G. Brady)
Leads enterprise technology, digital platforms, and cybersecurity.
The thesis
Why this org is unusual
The most distinctive structural feature is that the Head of the Institutional Bank is a Named Executive Officer reporting directly to the CEO.
This elevates the Institutional Bank to peer status with traditional C‑suite roles like CFO and CRO, signaling its strategic weight within KeyCorp.
The structure blends enterprise oversight with business-line accountability. Risk, finance, technology, and legal remain centralized, while the Institutional Bank has direct CEO access, shortening decision cycles for capital markets and large-client businesses. The recent CIO departure introduces temporary execution risk in technology leadership.
- Institutional Bank head is a Named Executive Officer
- No separate COO role
The comparison
How KeyCorp stacks up
Compared with regional bank peers, KeyCorp places more prominence on its Institutional Bank leader by making the role a direct CEO report and NEO. Peers like PNC and Truist typically route comparable business heads through a COO or president layer. KeyCorp’s hybrid model balances centralized risk and finance control …
C-suite size
Reporting depth
KeyCorp
3 levels
4 levels
Truist Financial
5 levels
4 levels
4 levels
Avg C-suite tenure
Has COO / Has CAIO
KeyCorp — no COO — no CAIO
Truist Financial ✓ COO — no CAIO
Current signals
What changed recently
The most consequential change was the March 2026 resignation of CIO Amy Brady, creating a near-term technology leadership transition.
- departedAmy G. Brady Chief Information Officer
Resigned effective March 2, 2026, for personal health reasons.
Source - Date not confirmed new
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-03-27
- CEO
- Christopher M. Gorman
- CEO span
- 5
- C-suite
- 5
- Avg tenure
- 4.6 yr
Institutional Bank leader remains a named executive officer.
Named executive officers (5)
- Christopher M. Gorman - Chairman and CEO since 2019
- Clark H. I. Khayat - CFO since 2021
- Andrew J. Randy Paine III - Head of Institutional Bank since 2019
- Amy G. Brady - CIO since 2021
- Mo Ramani - CRO since 2025
FY2024
DEF 14A filed 2025-03-28
- CEO
- Christopher M. Gorman
- CEO span
- 4
- C-suite
- 4
- Avg tenure
- 4.8 yr
Risk leadership was below C‑suite level prior to CRO hire.
Named executive officers (4)
- Christopher M. Gorman - Chairman and CEO since 2019
- Clark H. I. Khayat - CFO since 2021
- Andrew J. Randy Paine III - Head of Institutional Bank since 2019
- Amy G. Brady - CIO since 2021
FY2023
DEF 14A filed 2024-03-29
- CEO
- Christopher M. Gorman
- CEO span
- 4
- C-suite
- 4
- Avg tenure
- 5.1 yr
Stable executive team with no CRO role at C‑suite.
Named executive officers (4)
- Christopher M. Gorman - Chairman and CEO since 2019
- Clark H. I. Khayat - CFO since 2021
- Andrew J. Randy Paine III - Head of Institutional Bank since 2019
- Amy G. Brady - CIO since 2021
Year-over-year changes
KeyCorp elevated risk to the C‑suite with the hiring of a Chief Risk Officer, increasing CEO span.
- CEO span: 4 → 5
- C-suite size: 4 → 5
- Avg tenure: 4.8 → 4.6 yr
- new Mo Ramani - Chief Risk Officer (DEF 14A filed 2026-03-27)
The board
Board of directors
2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.
Christopher M. Gorman
Chair Inside
Chairman and CEO, KeyCorp
Todd J. Vasos
Lead Indep. Independent
CEO, Dollar General
The board, organized
Board committees
1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.
Audit Committee
100% independent 14 mtgs/yr
- cutler_dir Chair
Frequently Asked Questions
Who is the CEO of KeyCorp?
Christopher M. Gorman has served as Chairman and CEO since 2019.
What type of organizational structure does KeyCorp use?
KeyCorp uses a hybrid enterprise structure with centralized control functions and empowered business-line leaders.
How many direct reports does KeyCorp's CEO have?
The CEO has five direct reports in the current structure.
How has KeyCorp's leadership changed recently?
In March 2026, CIO Amy G. Brady resigned, and the company continues integrating CRO Mo Ramani, hired in 2025.
Does KeyCorp have a COO?
No. KeyCorp does not have a separate Chief Operating Officer role.
Sources
- 8-K Filing, Mar 2026
- DEF 14A, Mar 2026
- SEC EDGAR: KeyCorp DEF 14A Proxy Statement
- SEC EDGAR: KeyCorp 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). KeyCorp organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/keycorp/MLA 9th
"KeyCorp Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/keycorp/. Accessed .Chicago 17
Creately. "KeyCorp Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/keycorp/.Original SEC source View on SEC ↗
KeyCorp. DEF 14A. Filed 2026-03-27. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/91576/000119312526127600/d944221ddef14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/keycorp/ · last updated 2026-04-01