Larkins to lead KeyCorp group from Superior

SUPERIOR – KeyCorp (NYSE: KEY) is forming a new, consolidated group of businesses and promoting an executive in Superior to lead it.

The company’s new Key National Finance group is comprised of Key Equipment Finance, Key Education Resources, Key Business Services and Key Recreation Lending and Auto Finance.

Paul A. Larkins, president and chief executive officer of Key Equipment Finance in Superior, was selected to lead the new organization.

With its four business units, Key National Finance represents more than $28 billion in managed assets and nearly 1,400 employees. Key Equipment Finance is the nation’s third-largest bank-held, equipment-leasing company.

According to spokeswoman Cori Keeton Pope, the consolidation won’t affect the Superior office, where Larkins currently leads his organization. “The plan for now is that it will not change. Paul will have responsibility for added businesses units, employees and streams of revenue. But the company will evaluate what makes the most sense in the future.”

Superior-based Key Equipment Finance is an affiliate of Cleveland-based KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes.

Key National Finance’s executive team will include Steve Dixon, managing director for Key Equipment Finance’s lease advisory and distribution services; Karen Larson, president of Key Equipment Finance’s global leasing services; Adam Warner, president of Key Equipment Finance’s commercial leasing services; Grant Skeens, president of Key Recreation Lending and Auto Finance; Richard Vonk, president of Key Education Resources; and Robert McCambridge, president of Key Business Services.

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