Fifth Third CEO joins utility company board
The CEO of Fifth Third Bancorp[2] is joining the governing body of one of the largest utility companies in the U.S.
Kevin Kabat[3] has been elected to the board of directors at NiSource[4] (NYSE: NI), with 3.5 million natural gas customers and 500,000 electric customers across seven states through its Columbia Gas and NIPSCO brands.
“We’re pleased to have Kevin join the NiSource board of directors,” said NiSource board chairman Richard Thompson[5]. “As an executive responsible for the strategic direction of one of the nation’s most-respected financial services companies, he brings valuable financial and customer insights as we work to sustain NiSource as a premier electric and natural gas utility committed to disciplined execution of a robust, long-term infrastructure investment program that supports enhanced reliability, safety and customer service.”
In addition to his responsibilities at Fifth Third (NYSE: FITB), Kabat has been a director at Unum Group since 2008 and is a member of the board at the Federal Reserve Bank of Cleveland, the Financial Services Roundtable and the Cincinnati Art Museum. He previously served on the board of directors at Davenport University, Lacks Industries, Clark Retirement Community, Grand Rapids Foundation, ADAC Plastics, Right Place Inc., Spectrum Hospital, the Consumer Bankers Association, Michigan Business Roundtable and United Way of Greater Cincinnati.
NiSource is based in Merrillville, Ind., and employs more than 7,000, Kabat isn’t the first executive with Cincinnati ties to join the company’s board. Procter & Gamble Co. group president of Global e-Business joined the same group in June.
References
- ^ more (www.bizjournals.com)
- ^ Fifth Third Bancorp (www.bizjournals.com)
- ^ Kevin Kabat (feeds.bizjournals.com)
- ^ NiSource (www.bizjournals.com)
- ^ Richard Thompson (feeds.bizjournals.com)
- ^ Sign up (feeds.bizjournals.com)