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[[Category:1955 births]][[Category:American women chief executives]][[Category:American women in business]][[Category:University of Texas at Austin alumni]][[Category:American women business executives]][[Category:21st-century American businesspeople]][[Category:People from Midland, Michigan]][[Category:American chief executives of financial services companies]]

Revision as of 11:58, 13 November 2014

Beth E. Mooney (born 1955) made banking history when she became the first woman CEO of a top-20 U.S. bank. On May 1, 2011[1] KeyCorp named Mooney the Chairman and Chief Executive Officer of the Cleveland, Ohio-based bank.[2] From November 2010 until May 1, 2011 she was the President and the Chief Operating Officer at KeyCorp.[1]

Early life and education

Ms. Mooney was born in 1955 as Beth Elaine Streeter and was raised in Midland, Michigan, the headquarters of Dow Chemical, where her father was employed as a chemist.[3] Due to frequent job changes he moved his family several times while Beth was in high school. During those years she lived in Michigan, Oregon, California and Texas. Mooney has stated that the frequent moves could possibly be one of the best things that ever happened to her.

“You learn how to meet strangers,” she explained. “You learn how to fit in.”[4]

Ms. Mooney earned a BA in history from the University of Texas at Austin. After graduating summa cum laude in 1977 she got a job in the real estate department of First City National Bank of Houston.[3] She worked there as a bank secretary until 1979, when she realized she could go beyond the role of secretary. In 1979 she quit her job and went to downtown Dallas and inquired at every large bank there demanding to be accepted into their management training programs. Mooney refused to leave the office of the manager of the Republic Bank of Dallas' management training program, Keith Schmidt[3] until he agreed to give her a job, after three hours of persuading.

“He did not really see a fit for me,” Mooney said. “I just nicely and basically refused to leave until he offered me a job.”[3]

Mooney recalls Schmidt saying to her: “I won’t sleep nights if I refuse you this opportunity. I’m giving you the opportunity to succeed or fail, and it’s not clear to me which it will be.”[3]

Attending Southern Methodist University at night, Mooney earned her MBA[2] in 1983.[1]

Career

In 16 years Mooney moved positions nine times. She filled every banking role including commercial and real estate lending and chief financial officer.[2] Mooney served as Regional President of Bank One in Akron and Dayton. She served as President from June 1999 until June 2000 of Bank One Ohio, NA. She was Chief Operation Officer from June 1998 until June 1999 of DPL Inc, a public utility. From June 2000 until February 2004 Mooney served as Group Head of Tennessee and North Louisiana Banking Group.[1] In 2004 she left Nashville to become the CFO of AmSouth.[5] From February 2004 until April 4, 2006 she was the CFO and head of the finance group of Regions Financial Corporation in Birmingham, Alabama[6] (which was formerly known as Amsouth Bancorp and AmSouth Bancorporation) and its subsidiary Amsouth bank.[1] In April 2006 Mooney joined KeyCorp as a Vice Chair and head of Key Community Bank.[7][8] In November 2010 until May 1, 2011 she served as President and Chief Operation Officer at KeyCorp.[1] Since May 1, 2011 Mooney has been the CEO and Chairman of KeyCorp.[9]

Personal life

Mooney lives in Bratenahl, Ohio with her cat, Cassie.[4]

References

  1. ^ a b c d e f "Beth E. Mooney". Bloomberg Business Week. Retrieved 12 November 2014.
  2. ^ a b c Goudreau, Jenna (6 September 2011). "From Secretary To CEO: Beth Mooney Makes Banking History". Forbes. Retrieved 12 November 2014.
  3. ^ a b c d e Eichenbaum, Peter (30 November 2010). "Beth Mooney's Rise to KeyCorp CEO Rooted in Texas Standoff". Bloomberg. Retrieved 12 November 2014.
  4. ^ a b Park Lazette, Michelle (23 July 2012). "Beth E. Mooney Chairman and chief executive officer, KeyCorp". Crains Cleveland Business. Retrieved 12 November 2014.
  5. ^ "Remember Beth Mooney?". Nashville Post. Retrieved 13 November 2014.
  6. ^ Kline, Alan (18 September 2013). "KeyCorp's Beth Mooney: The Most Powerful Woman in Banking". American Banker. Retrieved 13 November 2014.
  7. ^ "Board of Directors". Cleveland Clinic. Retrieved 13 November 2014.
  8. ^ "Corporate Governance: Beth E. Mooney". http://www.att.com. Retrieved 13 November 2014. {{cite web}}: External link in |website= (help)
  9. ^ "Beth Mooney, KeyCorp:2011 CEO in Action". Diversity Journal. Retrieved 13 November 2014.