KeyCorp Management
Management criteria checks 2/4
KeyCorp's CEO is Chris Gorman, appointed in May 2020, has a tenure of 3.42 years. total yearly compensation is $10.46M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth MX$175.27M. The average tenure of the management team and the board of directors is 7.2 years and 10.3 years respectively.
Key information
Chris Gorman
Chief executive officer
US$10.5m
Total compensation
| CEO salary percentage | 11.0% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.1% |
| Management average tenure | 7.2yrs |
| Board average tenure | 10.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$10m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$9m | US$1m | US$3b |
| Sep 30 2021 | n/a | n/a | US$2b |
| Jun 30 2021 | n/a | n/a | US$2b |
| Mar 31 2021 | n/a | n/a | US$2b |
| Dec 31 2020 | US$6m | US$928k | US$1b |
| Sep 30 2020 | n/a | n/a | US$1b |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$1b |
| Dec 31 2019 | US$5m | US$777k | US$2b |
| Sep 30 2019 | n/a | n/a | US$2b |
| Jun 30 2019 | n/a | n/a | US$2b |
| Mar 31 2019 | n/a | n/a | US$2b |
| Dec 31 2018 | US$5m | US$700k | US$2b |
| Sep 30 2018 | n/a | n/a | US$2b |
| Jun 30 2018 | n/a | n/a | US$1b |
| Mar 31 2018 | n/a | n/a | US$1b |
| Dec 31 2017 | US$5m | US$679k | US$1b |
| Sep 30 2017 | n/a | n/a | US$1b |
| Jun 30 2017 | n/a | n/a | US$1b |
| Mar 31 2017 | n/a | n/a | US$867m |
| Dec 31 2016 | US$5m | US$638k | US$753m |
Compensation vs Market: Chris's total compensation ($USD10.46M) is above average for companies of similar size in the MX market ($USD2.75M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Chris Gorman (62 yo)
3.4yrs
Tenure
US$10,463,627
Compensation
Mr. Christopher Marrott Gorman, also known as Chris, has been Chairman and Chief Executive Officer and President at KeyCorp since May 01, 2020 and serves as its Director since September 19, 2019. He served...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 3.4yrs | US$10.46m | 0.10% MX$ 175.3m | |
| Executive VP & Chief Information Officer | 11.4yrs | US$3.19m | 0.010% MX$ 16.9m | |
| Head of Institutional Bank | 7.2yrs | US$4.55m | 0.040% MX$ 67.8m | |
| Head of Commercial Banking | 7.2yrs | US$3.65m | 0.023% MX$ 38.5m | |
| Chief Administrative Officer & CFO | less than a year | no data | 0.011% MX$ 18.2m | |
| Chief Accounting Officer & Executive Officer | 8.4yrs | no data | 0.0041% MX$ 6.9m | |
| Executive Vice President of Investor Relations | 26.8yrs | no data | no data | |
| General Counsel & Corporate Secretary | 2.3yrs | no data | 0.0038% MX$ 6.3m | |
| Chief Communications Officer | no data | no data | no data | |
| Chief Human Resources Officer | 5.4yrs | no data | 0.0075% MX$ 12.6m | |
| Executive VP & Group Head of Debt Capital Markets Origination Structuring | 39.8yrs | no data | no data | |
| Chief of Staff & Director of Corporate Center | 11.2yrs | no data | 0.0095% MX$ 16.0m |
7.2yrs
Average Tenure
56yo
Average Age
Experienced Management: KEY1 *'s management team is seasoned and experienced (7.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 4.1yrs | US$10.46m | 0.10% MX$ 175.3m | |
| Independent Director | 11.4yrs | US$269.99k | 0.0087% MX$ 14.7m | |
| Independent Director | 13.9yrs | US$244.99k | 0.018% MX$ 30.2m | |
| Independent Lead Director | 23.8yrs | US$294.99k | 0.029% MX$ 49.2m | |
| Independent Director | 7.2yrs | US$244.99k | 0.0076% MX$ 12.8m | |
| Independent Director | 3.3yrs | US$229.99k | 0.00085% MX$ 1.4m | |
| Independent Director | 18.4yrs | US$269.99k | 0.013% MX$ 21.9m | |
| Independent Director | 13.6yrs | US$269.99k | 0.0039% MX$ 6.6m | |
| Independent Director | 13.3yrs | US$254.99k | 0.0028% MX$ 4.7m | |
| Independent Director | 2.9yrs | US$244.99k | 0.00097% MX$ 1.6m | |
| Independent Director | 9.3yrs | US$244.99k | 0.0035% MX$ 5.9m | |
| Independent Director | 2.9yrs | US$244.99k | 0.0011% MX$ 1.8m |
10.3yrs
Average Tenure
67.5yo
Average Age
Experienced Board: KEY1 *'s board of directors are seasoned and experienced ( 10.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/10/29 23:23 |
| End of Day Share Price | 2023/08/01 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
KeyCorp is covered by 53 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| David George | Baird |
| Jason Goldberg | Barclays |