NiSource Inc.
NiSource Announces Board Changes with Retirement of Candris and Appointment of McAvoy
Summary
NiSource Inc. announced on March 19, 2024, the retirement of Aristides S. Candris from the Board of Directors and the appointment of John McAvoy as a new director. Mr. McAvoy, a seasoned executive with extensive experience in the utility sector, will bring significant expertise to the Board. The appointment comes as Mr. Candris concludes his 12-year tenure, during which he contributed notably to the company's safety and operational excellence.
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About NiSource Inc.
NiSource Inc. is a prominent energy holding company primarily focused on the distribution and transmission of natural gas and electricity. The company operates through regulated utility subsidiaries, offering essential energy services to millions of customers across seven U.S. states, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. NiSource engages in two major business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution segment is responsible for the safe delivery of natural gas to residential, commercial, and industrial customers, playing a critical role in heating and powering homes and businesses. The Electric Operations segment involves the generation, transmission, and distribution of electricity, supporting vital infrastructure and fostering regional economic development. NiSource's strategic initiatives emphasize enhancing customer service, ensuring safety, and advancing environmental sustainability. As a key player in the utility industry, NiSource contributes significantly to the energy market, impacting sectors related to energy production, infrastructure, and environmental initiatives. The company's regulated business model aims to provide stable returns while pursuing growth opportunities in expanding its service offerings and improving energy efficiency.
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