NiSource (NI) Appoints Bill Johnson to its Board

NiSource Inc. (NYSE: NI) today announced that it has appointed William D. "Bill" Johnson to its Board of Directors, effective immediately. Wayne S. DeVeydt, who has served as a director since 2016, has taken on an operating partner role with Bain Capital and has resigned from the NiSource Board to dedicate his time to this new endeavor.

"We are pleased to welcome Bill as an independent director to our Board, further reinforcing our Board refreshment efforts," said NiSource Chairman Kevin T. Kabat. "Bill brings deep regulated utility industry experience to the Board as well as a strong background in executive leadership, operational efficiency, finance and M&A. We are confident his expertise will further advance the execution of our strategy as we continue to focus on our core mission of delivering safe, reliable energy service to our customers and communities and long-term value creation for shareholders."

Kabat added, "On behalf of the entire Board, I would like to thank Wayne for his steadfast leadership and invaluable insights to NiSource. We are fortunate to have benefitted from his guidance over the last six years and are incredibly grateful for all he has done for NiSource."

As part of NiSource's refreshment initiative, the Company has appointed six new Directors to the Board in the last four years, including Sondra Barbour and Cassandra Lee this year.

Mr. Johnson most recently served as President and Chief Executive Officer of the Pacific Gas & Electric Corporation from 2019 to 2020. Previously, he served as President and Chief Executive Officer of the Tennessee Valley Authority from 2013 to 2019. Prior to joining the Tennessee Valley Authority, Mr. Johnson served in senior leadership positions at Progress Energy, Inc., including as Chairman, President and Chief Executive Officer from 2007 to 2012 and President and Chief Operating Officer from 2005 to 2007. He currently serves on the Board of Directors of TC Energy, and previously served on the boards of the Edison Electric Institute and the Nuclear Energy Institute. Mr. Johnson holds a Juris Doctorate degree with high honors from the University of North Carolina School of Law. He graduated summa cum laude with a Bachelor of Arts degree in history from Duke University.

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