Kelly S. King was born on September 12, 1948, in Raleigh

Raleigh, North Carolina

Raleigh is the capital and the second largest city in the state of North Carolina as well as the seat of Wake County. Raleigh is known as the "City of Oaks" for its many oak trees. According to the U.S. Census Bureau, the city's 2010 population was 403,892, over an area of , making Raleigh...

, North Carolina

North Carolina

North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...

. He serves as Chairman and CEO of BB&T Corporation. Kelly began his career with BB&T

BB&T

BB&T Corporation is an American bank with assets of $157 billion , offering full-service commercial and retail banking services along with other financial services like insurance, investments, retail brokerage, mortgage, corporate finance, consumer finance, payment services, international...

  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

Raleigh, North Carolina

Raleigh is the capital and the second largest city in the state of North Carolina as well as the seat of Wake County. Raleigh is known as the "City of Oaks" for its many oak trees. According to the U.S. Census Bureau, the city's 2010 population was 403,892, over an area of , making Raleigh...

 city executive, Charlotte

Charlotte, North Carolina

Charlotte is the largest city in the U.S. state of North Carolina and the seat of Mecklenburg County. In 2010, Charlotte's population according to the US Census Bureau was 731,424, making it the 17th largest city in the United States based on population. The Charlotte metropolitan area had a 2009...

 business services manager, Statesville

Statesville, North Carolina

Statesville is a city located in Iredell County, North Carolina, United States and was named an All-America City in 1997 and 2009. The population was 24,633 at the 2010 census...

 consumer lending manager, and banking manager for BB&T’s branch network. In January 2009, he was named a director

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

 of the Federal Reserve Bank of Richmond

Federal Reserve Bank of Richmond

The Federal Reserve Bank of Richmond is the headquarters of the Fifth District of the Federal Reserve located in Richmond, Virginia. It covers the District of Columbia, Maryland, Virginia, North Carolina, South Carolina and most of West Virginia. Branch offices are located in Baltimore, Maryland...

. Before his appointment as CEO on Jan. 1, 2009, Mr. King was BB&T’s chief operating officer

Chief operating officer

A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...

 from 2004 to 2008.

Education

Bachelor of Business Administration

Bachelor of Business Administration

The Bachelor of Business Administration is a bachelor's degree in Commerce and business administration. In most universities, the degree is conferred upon a student after four years of full-time study in one or more areas of business concentrations; see below...

, East Carolina University

East Carolina University

East Carolina University is a public, coeducational, engaged doctoral/research university located in Greenville, North Carolina, United States. Named East Carolina University by statute and commonly known as ECU or East Carolina, the university is the largest institution of higher learning in...

, Greenville

Greenville, North Carolina

Greenville is the county seat of Pitt County and principal city of the Greenville, North Carolina metropolitan area. Greenville is the health, entertainment, and educational hub of North Carolina's Tidewater and Coastal Plain and in 2008 was listed as the Tenth Largest City in North Carolina...

, North Carolina

North Carolina

North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...

M.B.A., East Carolina University

East Carolina University

East Carolina University is a public, coeducational, engaged doctoral/research university located in Greenville, North Carolina, United States. Named East Carolina University by statute and commonly known as ECU or East Carolina, the university is the largest institution of higher learning in...

, Greenville

Greenville, North Carolina

Greenville is the county seat of Pitt County and principal city of the Greenville, North Carolina metropolitan area. Greenville is the health, entertainment, and educational hub of North Carolina's Tidewater and Coastal Plain and in 2008 was listed as the Tenth Largest City in North Carolina...

, North Carolina

North Carolina

North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...

Stonier Graduate School of Banking at Rutgers University

Rutgers-Newark

Rutgers University in Newark is one of three campuses of Rutgers, The State University of New Jersey, the eighth oldest college in the United States and a member of the Association of American Universities...

, Newark

Newark, New Jersey

Newark is the largest city in the American state of New Jersey, and the seat of Essex County. As of the 2010 United States Census, Newark had a population of 277,140, maintaining its status as the largest municipality in New Jersey. It is the 68th largest city in the U.S...

, New Jersey

New Jersey

New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...

Compensation

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:<

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

Other Affiliations

BB&T Financial Corp.

BB&T Insurance Services, Inc.

American Bankers Association

Federal Reserve Bank of Richmond

East Carolina University

Stonier School of Banking, University of Pennsylvania

Financial Services Roundtable