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KeyCorp CFO to Retire

MAY 10, 2013 11:20am ET
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KeyCorp (KEY) Chief Financial Officer Jeffrey Weeden plans to step down after 11 years in the role.

Weedon, 56, will leave the $89 billion-asset lender effective June 30, it announced Friday. The company did not name a replacement and a company spokesman could not immediately provide further details. Weeden will work with KeyCorp's management to ensure a smooth transition of his duties, it said.

"For more than a decade, [Weeden] has played an important role in helping Key navigate the financial crisis and a changing regulatory environment," KeyCorp Chairman and Chief Executive Beth Mooney said in a news release. "Key has emerged stronger and in a much better financial position thanks to his efforts."

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