KeyCorp named Clark Khayat as executive vice president and chief strategy officer. In this role, Khayat will be responsible for corporate strategy, mergers and acquisitions and strategic investments.

“Key’s relationship-based business model has driven our company’s successful growth over the past several years,” said Beth Mooney, KeyCorp chairman and CEO. “Clark has a unique background that spans business, law, consulting and investment banking, along with experience in corporate strategy and a deep knowledge of Key. We are pleased he is rejoining Key to work closely with our business leaders as we help clients and communities thrive.”

Khayat rejoins Key after previously serving with the company in several roles, including as head of Corporate Strategy and group head of Enterprise Commercial Payments. He will report to Don Kimble, vice-chairman and chief financial officer.

Clark Khayat most recently served as co-founder and managing director of Occom Ridge Partners, a strategic advisory firm. He previously joined Key in 2012 to lead Corporate Strategy before being named Group Head of Enterprise Commercial Payments in 2014.

Prior to his tenure at Key, Clark served as the senior controller of Personal Lines for the Progressive Corporation. He began his career at Progressive as the business leader for Corporate Development and Investor Relations.