Fifth Third Bancorp, the Cincinnati-based financial services company with $7.2 billion in 2010 revenue and $115 billion in assets, named Tayfun Tuzun treasurer. He succeeds Mahesh Sankaran, who resigned to become director of finance for M&T Bank in Buffalo. Tuzun, 47, most recently served as Fifth Third’s assistant treasurer and balance sheet manager, after joining the bank in 2007 as structured finance manager. Previously, he was director of research and risk management at FSI Group and senior vice president of treasury at Provident Financial Group.

Flowserve Corp., the $4 billion Irving, Texas-based fluid motion and control products and services company, appointed Michael Taff CFO and senior vice president. He succeeds Richard Guiltinan, who is retiring. Taff, 49, joins Flowserve from Babcock & Wilcox, where he was CFO and senior vice president. Earlier, he served as CFO for B&W predecessor company McDermott International and worked in finance at HMT, Philip Services Corp. and British Petroleum Oil.

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