Key's Retiring Chairman And CEO Henry Meyer Will Assume One-Year Non-Executive Role

KeyCorp's KEY CEO-elect, Beth E. Mooney announced that retiring Chairman and CEO Henry L. Meyer III has agreed to remain with KeyCorp as a non-executive employee for up to one additional year to help facilitate the transition of his industry and community relationships. Meyer will focus on maintaining those relationships and will represent KeyCorp on important community projects and in the not-for-profit community. During this period, he will not be a corporate officer or a member of the KeyCorp Board of Directors. KeyCorp announced on November 18, 2010, that Meyer will be stepping down from those positions on May 1, 2011, and Mooney will become Chairman and Chief Executive Officer.