Beth E. Mooney, chairman and Chief Executive Officer of KeyCorp, has been named chair-elect of Cleveland Clinic’s Board of Directors. She will become chair following the Cleveland Clinic’s May 6 meeting, succeeding Robert E. Rich, Jr., who has served as Cleveland Clinic’s chair since 2011.
Mooney, who was elected a vice chair of the Board of Directors last May, joined Cleveland Clinic’s Board of Trustees in 2006 and the Board of Directors in 2009, serving on a variety of committees, including as a member of the Audit Committee and Finance Committee, and as chair of the Safety, Quality and Patient Experience Committee and the Governance Committee.
“Beth Mooney brings a stellar financial and business acumen, a tireless commitment to the community, and a deep fundamental understanding of what makes Cleveland Clinic great and what it will take to keep it great,” said Cleveland Clinic CEO and President Tom Mihaljevic, M.D. “Bob Rich directed the board during a time of unprecedented growth for Cleveland Clinic. His business expertise, his commitment to patient safety and quality, and his cogent leadership helped to solidify Cleveland Clinic’s standing as an international healthcare leader.”
“Cleveland Clinic is a global leader in providing world class medical care and a civic leader in every community it serves,” Mooney said. “The impact made and the opportunities provided by Cleveland Clinic are immeasurable in northeast Ohio and around the world. I am honored and humbled by the opportunity to serve as chair of the Board of Directors. And I am proud to be part of a team of professionals focused on ensuring that the mission, vision and values of Cleveland Clinic are present in all that we do.”
Mooney has been named among “The World’s 100 Most Powerful Women” by Forbes and one of the Top 50 “Most Powerful Women in Business” by Fortune, as well as “Banker of the Year” by American Banker in 2017.
Mooney serves on numerous community and corporate boards, including: AT&T’s Board of Directors; the Federal Advisory Council; the Business Council; the Catalyst Board of Directors; the Bank Policy Institute; the Supervisory Board of The Clearing House; the Committee of 200; and the Board of Directors of United Way of Greater Cleveland. She is the immediate past chair of the Greater Cleveland Partnership and remains a member of its board and executive committee. She is also a trustee and treasurer of the Board of the Musical Arts Association (The Cleveland Orchestra). In 2017, she received the 2017 ‘Women of Note Legacy Award’ from the Cleveland Foundation for her outstanding business, civic and philanthropic leadership in Greater Cleveland.
Rich, chairman of Rich Products Corporation, joined the Cleveland Clinic Board of Trustees in 2002 and the Board of Directors in 2005, before becoming chair of the board in 2011.
“Beth is a remarkable person both personally and professionally. She is at the pinnacle of banking and has already brought so much of her talent to Cleveland Clinic by serving on board committees and providing great counsel to me over the years,” Rich said. “By accepting the role of chair, she is taking on an important responsibility to help advance Cleveland Clinic into the future and to support the great care provided to millions of patients. I have great confidence in her ability, value her wonderful friendship and am very proud to work alongside of her.”
The Board of Directors is the primary governing body of Cleveland Clinic and is responsible for Cleveland Clinic’s operations and affairs. The Board is also responsible for ensuring that Cleveland Clinic is organized, and at all times operated, consistent with its charitable mission and its status as an Ohio nonprofit corporation and tax-exempt charitable organization.
The Board is comprised of community leaders who serve as volunteers and are not compensated for their services. The Board also includes five physicians who are members of Cleveland Clinic’s Professional Staff.