CLEVELAND - Robert W. Gillespie became chief executive of Keycorp on Sept. 1, succeeding Victor J. Riley.

Mr. Riley, who remains chairman, became CEO of Keycorp in 1973 and retained that title after its March 1994 merger with Society Corp.

Mr. Gillespie, who was Society's chairman and CEO prior to the merger, praised Mr. Riley as "the architect of the most geographically diverse bank franchise in the country" and for pursuing a multistate strategy "well before the current trend to national banking."

Mr. Gillespie, 51, presides over a company with $67.5 billion of assets, $4.7 billion of equity capital, and more than 1,400 banking and affiliate offices in 25 states.

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