NiSource Announces Retirement and New Appointment

NiSource Inc. (NYSE: NI) has announced the retirement of Aristides S. Candris from its Board of Directors after 12 years of service. The company has appointed John McAvoy to its Board of Directors, effective immediately. McAvoy brings substantial utility operational expertise, as well as experience in executive leadership, finance, engineering, and operations to the board.

NiSource Board Chair Kevin T. Kabat expressed appreciation for Candris' leadership and direction, citing his commitment to safety and NiSource's 2022 achievement of certification in the American Petroleum Institute’s Recommended Practice 1173 for its Safety Management System (SMS).

John McAvoy, the newly appointed board member, most recently served as President and Chief Executive Officer of Consolidated Edison, Inc. (“ConEdison”) and Chief Executive Officer of Consolidated Edison Company of New York, Inc. (“ConEdison of New York”) from December 2013 through December 28, 2020. He continued to serve as a director of ConEdison until his retirement in May 2023, with a total of forty-three years of experience with ConEdison.

NiSource Inc. is one of the largest fully-regulated utility companies in the United States, serving approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. The company's mission is to deliver safe, reliable energy that drives value to its customers.

Today the company's shares have moved 0.6% to a price of $26.99. For more information, read the company's full 8-K submission here.

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