KeyCorp. announced that Demos Parneros, President, North American Stores and Online of Staples Inc., has been elected to the company's Board of Directors. Parneros has been employed for more than 25 years by Staples Inc. in various leadership capacities.

In 2002, Parneros was appointed President, U.S. Stores. In 2012, Parneros took on additional responsibility for Staples.com and Canada. Mr. Parneros will serve as a member of the KeyCorp Risk Committee.