KeyCorp announced that Darrin Benhart, Deputy Chief Risk Officer, has been named the bank's Chief Risk Officer, effective January 1, 2024. Benhart  succeeds Mark Midkiff, whose long-planned retirement was announced in November and who will remain at the bank through a transition period.

"I want to once again thank Mark Midkiff for his significant contribution to our company and our risk management culture and to congratulate Darrin on his appointment as Chief Risk Officer," said Chris Gorman, Chairman and CEO of KeyCorp.  "During Darrin's extensive career, he has worked with top management teams in the financial services industry across a wide range of risk disciplines, including credit and market risk, commercial credit policy, and climate change."

Benhart joined Key in July 2022, after a 30-year career at the Comptroller of the Currency (OCC), U.S. Department of the Treasury, where he held a series of increasingly senior roles, including serving as Deputy Comptroller of the Currency.

Benhart will join KeyCorp's executive leadership team and will report directly to Chris Gorman. As Chief Risk Officer, Darrin will oversee all aspects of KeyCorp's risk management program.