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
TheStreet Open House

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,160.78 +129.64 0.76%
S&P 500 2,000.86 +16.73 0.84%
NASDAQ 4,548.4590 +29.5570 0.65%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs