Kabat Elected NiSource Chairman

Kabat Elected NiSource Chairman

NiSource Inc. (NYSE: NI) announced that, subject to his re-election at the 2019 annual stockholders meeting, current Board Member and Vice Chairman Kevin T. Kabat is elected chairman.

“Kevin’s deep understanding of operating in a regulated environment, balancing the interests of many stakeholders, and extensive experience in strategic planning, financial reporting, risk management, internal controls and capital markets makes him an excellent choice to serve as chairman,” said current Board Chairman Richard Thompson.

Thompson announced on March 4, 2019 his plans to retire from the NiSource board at the end of the current term. He was first elected to the board in May 2004 and has served as chairman since May 2013.

“It would be an honor to serve as chairman and to succeed Rich,” said Kabat. “His thoughtful and inspiring leadership will continue to guide the board and me as we work with Joe Hamrock and the management team in delivering on our commitments to our customers, communities, shareholders and all our stakeholders.”

Kabat has been a member of the NiSource board since 2015. He serves on the company’s audit, nominating and governance, and compensation (Chair) committees. During his career, he served in numerous executive roles including CEO of Fifth Third Bancorp from April 2007 to November 2015. He serves as a director of Unum Group and is currently chairman of the board and a member of its human capital and governance committees. In 2016, Kabat became the lead independent director of E*Trade Financial Corporation and is a member of its bank board and its compensation and governance committees.

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