Kelly S. King was born on September 12, 1948, in Raleigh, North Carolina.[1] He serves as Chairman and CEO of BB&T Corporation. Kelly began his career with BB&T (NYSE: BBT) by joining BB&T’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 BB&T’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, Mr. King was BB&T’s chief operating officer from 2004 to 2008.
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Bachelor of Business Administration, East Carolina University, Greenville, North Carolina
M.B.A., East Carolina University, Greenville, North Carolina
Stonier Graduate School of Banking at Rutgers University, Newark, New Jersey
During his first year as CEO of BB&T in 2009, Kelly S. King earned a total compensation of $4,469,300 broken down as follows:[2]<
ANNUAL COMPENSATION
Salary $667,063
Total Annual Compensation $667,063
STOCK OPTIONS Restricted Stock Awards $572,577
All Other Compensation $136,177
Exercised Options 70,887
Exercised Values $624,119
Exercisable Options 528,382
Exercisable Values $166,445
Unexercisable Options 400,771
Total Value of Options $790,564
Total Number of Options 1,000,040
TOTAL COMPENSATION
Total Annual Cash Compensation $1,528,726
Total Short Term Compensation $667,063
Other Long Term Compensation $708,754
Total Calculated Compensation
$4,469,300
Federal Reserve Bank of Richmond
Stonier School of Banking, University of Pennsylvania