Merrillville-based NiSource Inc. (NYSE: NI) has announced the chief executive officer of Cincinnati-based Fifth Third Bancorp (Nasdaq: FITB) will join its Board of Directors. Kevin Kabat will also serve on the audit and finance committees.
Kabat has been CEO of Fifth Third since 2007. He previously served as president of Old Kent Bank, which was acquired by Fifth Third in 2001.
"We're pleased to have Kevin join the NiSource Board of Directors. 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," NiSource Board Chairman Richard Thompson said.
Kabat holds degrees from John's Hopkins University and Purdue University.