HoldCo drops KeyBank, Eastern proxy fights

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Operational Brief

Activist investor HoldCo expressed renewed confidence in KeyBank CEO Chris Gorman after he clarified the bank’s no-acquisition stance, and KeyBank replaced its lead independent director and two board members.

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Original Source Material

The activist investor expressed renewed confidence in KeyBank CEO Chris Gorman after he clarified the bank’s no-acquisition stance, and the lender replaced its lead independent director and two board members.