KeyCorp’s Chief Accounting Officer Resigns, Successor Appointed

KeyCorp, one of the largest banking institutions in the US, has announced changes in its chief accounting office. The corporation disclosed that Douglas M. Schosser, currently serving as Chief Accounting Officer, will be departing from his position effective March 15, 2024, to pursue a senior executive role at another establishment.

Schlosser’s successor, Stacy L. Gilbert, will assume the duties of Chief Accounting Officer from the stated date. Gilbert has a longstanding history with KeyCorp, having served as Corporate Controller since August 2023. Her previous roles include Assistant Corporate Controller and Senior Director of External Reporting and Accounting Policy.

Remarkably, Gilbert’s journey with KeyCorp began in 2002, holding a variety of accounting roles, until she took a detour to join FirstMerit Corporation in 2008. She came back home in 2016 to rejoin Key.

In response to the looming transition, Clark Khayat, KeyCorp’s Chief Financial Officer, commended Gilbert’s experience with publicly traded financial institutions, expressing his confidence in a smooth succession process. He further thanked Schlosser for his significant contributions over his 25-year tenure at KeyCorp and wished him success in his future endeavors.

KeyCorp, with a nearly 200 year legacy traced back to Albany, New York, is currently headquartered in Cleveland, Ohio. As of December 31, 2023, the corporation’s assets stood at approximately $188 billion. KeyCorp offers a wide variety of financial services, including deposit, lending, cash management, and investment services. These services are provided to individuals and businesses in 15 states through a vast network of around 1,000 branches and 1,200 ATMs under the KeyBank National Association name.

In addition to its main services, KeyCorp offers an extensive range of sophisticated corporate and investment banking products under the KeyBanc Capital Markets trade name. These include providing advice on mergers and acquisitions, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the US.

Source: Press Release