MERRILLVILLE, Ind., March 21,
2012/PRNewswire/ -- NiSource Inc. (NYSE: NI)
today announced that Joseph Hamrockwill join
the company on May 1as executive vice
president and group chief executive officer for
NiSource's Gas Distribution segment, which includes
local gas distribution companies in six states.
Hamrock fills an existing NiSource corporate leadership
role that had been held on an interim basis by NiSource
President & CEO Robert C. Skaggs Jr.since
September 2011. Skaggs stepped into the role
when NiSource Executive Vice President and Group CEO
Jimmy D. Statonassumed responsibility for the
corporation's natural gas transmission and storage
business unit.
Hamrock comes to NiSource after serving in a variety of
senior executive positions in the energy and regulated
utility industry, including roles in engineering,
transmission and distribution operations, customer service,
marketing and information technology. Most recently he
served as president and chief operating officer of American
Electric Power (AEP) Ohio.
"We are very pleased Joe is bringing his highly
regarded leadership skills and extensive experience in the
regulated utility industry to our senior executive
team," Skaggs said. "Joe's collaborative
leadership style is a great fit with our NiSource approach
- as is his commitment to building and leading strong,
engaged and diverse organizations. I'm confident Joe
will help our strong NiSource Gas Distribution teams
continue delivering outstanding value for our customers and
stakeholders."
Hamrock will have profit-and-loss responsibility for all
operations, regulatory and commercial functions at
NiSource's gas distribution operations in
Kentucky, Maryland,
Massachusetts, Ohio,
Pennsylvaniaand Virginia. In
coordination with leadership teams across each of these
areas, his focus will be on advancing the company's
long-term growth plan, premised on a steady stream of
infrastructure improvements and growth investments,
synchronized with complementary regulatory and customer
program initiatives. Hamrock will report to Skaggs and
serve as a member of NiSource's executive management
council.
"I'm excited to be joining the NiSource Gas
Distribution team as we advance an industry-leading agenda
of infrastructure investments, customer programs and
regulatory strategies," Hamrock said. "I've
long been impressed with NiSource's talented team, the
company's balanced business strategy and its
collaborative and transparent approach. I look forward to
providing support, coaching and coordination as we deliver
on our commitments, and execute on NiSource's plan to
be North America's premier regulated
energy company."
Hamrock began his energy industry career in 1986 as an
electrical engineer in transmission and distribution
planning at AEP in Steubenville, Ohio. He went
on to work in commercial and industrial customer services,
and held leadership roles in commercial marketing and
customer services, strategic development and other
executive roles. Prior to becoming president of AEP Ohio,
Hamrock was senior vice president and chief information
officer in AEP's Shared Services organization from
2003-2007, and from 2002 to 2003 was senior vice president
- General Services.
He received a bachelor's degree in electrical
engineering in 1985 from Youngstown State
Universityin Ohioand a master's
degree in business administration from the
Massachusetts Institute of Technologyin
Cambridge, where he was a Sloan fellow. He is
a registered professional engineer in Ohio.
About NiSource
NiSource Inc. (NYSE: NI), based in Merrillville,
Ind., is a Fortune 500 company engaged in natural
gas transmission, storage and distribution, as well as
electric generation, transmission and distribution.
NiSource operating companies deliver energy to 3.8 million
customers located within the high-demand energy corridor
stretching from the Gulf Coast through the Midwest to New
England. Information about NiSource and its subsidiaries is
available via the Internet at www.nisource.com. NI-F
Forward Looking Statements
This news release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Those statements include
statements regarding the intent, belief or current
expectations of NiSource and its management. Although
NiSource believes that its expectations are based on
reasonable assumptions, it can give no assurance that its
goals will be achieved. Readers are cautioned that the
forward-looking statements in this release are not
guarantees of future performance and involve a number of
risks and uncertainties, and that actual results could
differ materially from those indicated by such
forward-looking statements. Important factors that could
cause actual results to differ materially from those
indicated by such forward-looking statements include, but
are not limited to, the matters set forth in the "Risk
Factors" Section and the Note regarding
forward-looking statements in NiSource's 2011 Form
10-K, many of which are risks beyond the control of
NiSource. NiSource expressly disclaims a duty to
update any of the forward-looking statements contained in
this release.
SOURCE NiSource Inc.
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