NEW YORK (

TheStreet

) --

KeyCorp's

(KEY) - Get Report

Beth Mooney will replace CEO Henry L. Meyer III as CEO after he retires in May.

Mooney is currently the Vice Chair of KeyCorp and leader of Key's Community Banking business. Mooney has been has been promoted to President and COO immediately, according to a press release.

Mooney has been at Key since 2006. She was formerly CFO of

AmSouth Bancorporation

, which is now

Regions Financial Corporation

(RF) - Get Report

.

--Written by Maria Woehr in New York.

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