10/23/12 — Key CEO Beth Mooney earned the No. 2 ranking in American Banker's recently published list of "The 25 Most Powerful Women in Banking."
The 2012 list recognizes the banking industry's female business leaders and top performers. Mooney took over as Chairman and CEO in the spring of 2011, becoming the first woman to lead a top 20 independent U.S. bank.
She was also included in Fortune's recent list of the "50 Most Powerful Women in Business."
American Banker noted that under Mooney's leadership, Key doubled net income attributable to common shareholders from the prior year, to $857 million, and reduced nonperforming assets 36%, to $859 million – "results so strong that the number of financial analysts with buy ratings on the company tripled by year-end, from four to 12."
American Banker also emphasized Mooney's ability to gain "regulatory approval of a capital plan that included a dividend increase and a $344 million share repurchase program" and for leading Key "through the financial crisis, making acquisitions as competitors retreated."
"I'm honored and humbled to be named to American Banker's '25 Most Powerful Women in Banking' list," said Mooney. "I also want to share this recognition with the dedicated employees at Key who make a difference – each and every day."
Mooney isn't the only Key executive gaining attention. Maria Coyne, Key’s Consumer & Business Banking Segment Head, earned a No. 13 ranking on the American Banker's "25 Women to Watch" list.