Fifth Third Bancorp names Kabat as CEO |
|
|
|
Published
:
Tue, 16 Jan 2007 22:58
|
CINCINNATI (AFX) - Midwest and Florida bank owner Fifth Third Bancorp on Tuesday named Kevin T. Kabat as chief executive, effective April 17.Kabat will replace George A. Schaefer Jr., who will remain chairman of the board after relinquishing the CEO role he has held since 1991.'We have been saying for quite some time that the board of directors had a very clear succession plan in place for the Bank and this announcement is the outcome of that process,' Schaefer said in a statement.Kabat has been Fifth Third Bancorp's president since June, previously serving as executive vice president.Fifth Third Bancorp's shares rose 32 cents to close at $440.35 on the Nasdaq Stock Market.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
US Bancorp profit up 4 pct in 4Q 