CLEVELAND, Dec. 13, 2017 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Bill Hartmann, Chief Risk Officer, has shared his intention to retire in 2018. Key also announced that Mark Midkiff will join the company as Chief Risk Officer on January 22, 2018. Hartmann and Midkiff will work together in the first half of 2018 to ensure a smooth transition.
Bill Hartmann has served as KeyCorp's Chief Risk Officer since 2012 and joined KeyCorp in April 2010 as Chief Credit Officer. "Bill has made significant contributions to Key and been the driving force in developing our robust risk culture and managing our risk profile," said Beth Mooney, KeyCorp Chairman and CEO. "Bill has strengthened our risk management discipline and controls as well as our relationships with key regulatory agencies. His contributions to our company have been tremendous and he will be missed as a partner and colleague."
Mooney noted that in addition to his contributions to KeyCorp's risk culture and management, Hartmann has been an important leader as a champion for innovation and using technology to improve risk reporting and analytics. Hartmann has also served as the as sponsor of the Military Inclusion Key Business Impact and Networking Group and in the community on the Boards of the Cleveland Art Museum and JumpStart, an incubator for diverse small businesses.
Mark Midkiff joins KeyCorp from BB&T, where he served as Deputy Chief Credit Officer. Prior to this role, he served as Global Chief Risk Officer and Board Director for GE Capital and Chief Risk Officer, Americas, for MUFG Union Bank. Midkiff began his career in 1984 as a senior credit analyst for Wachovia Corporation (now Wells Fargo Bank), where he spent 25 years in risk management roles of increasing responsibility. He holds a business degree from the University of North Carolina. Midkiff will report to Beth Mooney and become a member of Key's Executive Leadership Team.
"I am thrilled to have Mark join Key," said Mooney. "His thirty-year-plus career in risk management gives him the depth and breadth of experience to effectively lead Key's Risk Management Organization. I look forward to his partnership with Bill in the first half of 2018 as Mark joins Key and transitions into his new role."
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $136.7 billion at September 30, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.