Kelly S. King (born September 12, 1948, Raleigh, North Carolina)[1] is Chairman and CEO of BBT Corporation (NYSE: BBT). King began his career in BBT’s Management Development Program in 1972 and has served in many roles, including manager of its Central and Metropolitan regions, Raleigh city executive, Charlotte business services manager, Statesville consumer lending manager, and banking manager for BBT's branch network. In January 2009, he was named a director of the Federal Reserve Bank of Richmond. Before his appointment as CEO on Jan. 1, 2009, King was BBT’s chief operating officer from 2004 to 2008. In December 2012, BBT announced that they eliminated a provision in King's contract that would have required him to step down when he turns 65, effectively keeping him as CEO for a further three years.[2]
During his first year as CEO of BBT in 2009, King earned a total compensation of $4,469,300.[3]
The BBT Corporation (Branch Banking Trust) is one of the largest financial services holding companies in the U.S. with $184.7 billion in assets and market capitalization of $28.9 billion, as of March 31, 2014. Based in Winston-Salem, North Carolina, the company operates 1,824 financial centers in 15 states (including North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, Ohio, New Jersey, Pennsylvania) and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.
