Fifth Third taps former FDIC leader for chairman

06/1/2010 | Bloomberg Businessweek

William Isaac, who was chairman of the Federal Deposit Insurance Corp. from 1981 to 1985, has been named chairman of Fifth Third Bancorp. Isaac will succeed Kevin T. Kabat, who will continue in his roles as president and CEO of the bank. "Bringing Bill on board as non-executive chairman improves our already strong corporate governance practices and provides support to Kevin and his leadership team in the ever-changing financial landscape," said lead director James P. Hackett in written comments about the hire.

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