This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Richard Thompson To Be Elected NiSource Chairman

MERRILLVILLE, Ind., April 12, 2013 /PRNewswire/ -- Following the filing of its 2012 Annual Report and Proxy Statement, NiSource Inc. (NYSE: NI) today announced its director nominees for election to the company's Board of Directors for 2013-14. Subject to his reelection at the 2013 annual shareholders meeting, current Board member Richard Thompson will be elected Chairman, effective May 14, 2013.

"Rich's strong business and financial knowledge, his unparalleled leadership integrity, and his deep understanding of NiSource's growth opportunities and challenges make him an excellent choice to serve as Chairman," said current Board Chairman Ian Rolland

Rolland previously announced his plans to retire from the NiSource Board in May 2013, upon completion of his current term. He joined the NiSource Board in 1978, and was elected Chairman in 2006.

"I'm honored by the Board's confidence in me, and eager to continue working with Bob Skaggs and the rest of NiSource's management team as they execute on the company's strategy to meet the needs of customers and generate added shareholder value," Thompson said. "I'm also humbled to be succeeding someone as impressive and admired as Ian Rolland. Ian's unquestioned character, his personal generosity and his commitment to excellence set a standard to which we all aspire."

Thompson has been a member of the NiSource Board since 2004 and currently serves on the company's Corporate Governance, Finance, and Officer Nomination & Compensation committees. His career has included numerous leadership roles, including serving as Group President of Caterpillar Inc., a position from which he retired in 2004. He also is a director at Gardner Denver Inc. and Lennox International Inc., where he served as Chairman of the Board until becoming Lead Director in 2012.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs