MERRILLVILLE, Ind., January 27, 2022 /PRNewswire/ — NiSource Inc. (NYSE: NI) today announced the appointments of Sondra Barbour and Cassandra Lee to its board of directors. Ms. Barbour’s appointment is effective immediately and Ms. Lee’s appointment is effective February 14, 2022parallel to the retirement of Joe Hamrock. Ms Barbour and Ms Lee will stand for election at the company’s upcoming 2022 annual meeting of shareholders. They will replace caroline woodirector since 1998, and Joe Hamrockwho has been a director since 2015 and today announced his retirement as CEO of NiSource as part of a long-planned succession process.
“We are delighted to welcome Sondra and Cassie as independent directors to our board of directors,” said NiSource’s chairman. Kevin T. Kabat. “As a Board of Directors, we strive to maintain a diverse, fresh and experienced set of directors, and these additions are a testament to that process. Sondra and Cassie are both talented and proven business leaders with valuable knowledge and extensive experience with leading large-scale information systems and industrial operations Sondra brings a unique wealth of expertise, having previously led internal information technology operations for Leidos and Lockheed Martin, including leadership in shared services, internal audit, supply chain and risk management Cassie brings deep financial expertise as Chief Audit Executive for AT&T with experience in retail operations, distribution strategy, global supply chain, mergers and acquisitions, capital, network and other capacity planning and shared services operations We look forward to benefiting from the invaluable insights and complementary strengths that Sondra and Cassie bring as we work with the leadership team and its new incoming CEO app. , Lloyd Yatesto continue supporting NiSource in its ongoing strategic transformation.”
Mr. Kabat continued, “On behalf of the entire Board of Directors, I would also like to thank Carolyn and Joe for their years of leadership and collaboration. Their insights have been invaluable and it has been a privilege to work with them to ensure future success. and guide NiSource’s continued growth and transformation. We wish them the best in their future endeavours.
Ms. Barbour retired as Executive Vice President, Information Systems and Global Solutions, of Lockheed Martin Corporation in 2016 and served in a transition role at Leidos Holdings until her retirement in 2017. Ms. Barbour joined Lockheed Martin in 1986 and held various management positions. and has extensive technological experience, particularly in the design and development of large-scale information systems. From 2008 to 2013, she served as Senior Vice President, Enterprise Business Services and Chief Information Officer, leading all of Lockheed’s internal information technology operations, including the protection of Lockheed’s infrastructure and information. the company against cyber threats. Previously, she served as Vice President, Corporate Shared Services and Vice President, Corporate Internal Audit, providing oversight of supply chain activities, internal controls and risk management. Ms. Barbour is also a director of AGCO Corporation and was previously a director of 3M Society.
Ms. Lee is an experienced financial and operational executive with extensive knowledge of the telecommunications industry. She currently serves as Director of Audit at AT&T Inc. She joined AT&T in 1993 and has held various leadership positions including Senior Vice President and Chief Financial Officer. , network, technology and capital management. In nearly 3 decades at AT&T, Cassie has gained extensive expertise in a variety of areas including retail operations; distribution strategy; global supply chain; mergers, acquisitions and integration; capital management; network planning and other capabilities; and shared services operations.
Ms. Lee currently serves on the board of directors of Andretti Acquisition Corp., a special purpose acquisition company, where she chairs the audit committee. Ms. Lee sits on the Girl Scouts of Northeast Texas and leads the finance committee. She is a Certified Public Accountant and a US Army Veteran.
NiSource Inc. (NYSE: NI) is one of the largest fully regulated utility companies in the United States, serving approximately 3.2 million natural gas customers and 500,000 electricity customers in six states through its local Columbia Gas and NIPSCO brands. Situated at Merrillville, Indiana, NiSource’s approximately 7,500 employees are focused on safely delivering reliable, affordable power to our customers and the communities we serve. NiSource is a member of the Dow Jones Sustainability – North America Index. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found at www.nisource.com. follow us on www.facebook.com/nisource, www.linkedin.com/company/nisource Where www.twitter.com/nisourceinc. NI-F
This press release contains “forward-looking statements”, within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Foreign Exchange Act”). Investors and prospective investors should understand that many factors determine whether the forward-looking statements contained herein will or may be realized. Each of these factors could cause actual results differ materially from those projected.These forward-looking statements include, but are not limited to, statements regarding our plans, strategies, objectives, expected performance, expenses, cost recovery through tariffs, stated on a consolidated or segmented basis, and all underlying assumptions and other statements other than statements of historical fact Expressions of future goals and expectations and similar expressions, including “may”, “will”, “should”, “could”, “would”, “aim”, “seek”, “expect”, “plan”, “anticipate”, “” intends”, “believes”, “estimates”, “predicts”, “potential”, “targets”, “plans” and “continues”, reflecting something other than historical fact, are intended to identify statements prospective. All forward-looking statements are based on assumptions that management believes are reasonable; however, there can be no assurance that actual results will not differ materially.
Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this press release include, among others, our ability to execute our business plan or growth strategy, including investments in public service infrastructure; potential incidents and other operational risks associated with our business; our ability to adapt and manage costs related to technological advances; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against material losses; the success of our power generation strategy; construction risks and natural gas costs and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy products and related transportation costs or the inability to obtain adequate, reliable and cost-effective fuel supplies to meet customer demands; attracting and retaining a skilled workforce and the ability to maintain good labor relations; our ability to manage new initiatives and organizational changes; the performance of third-party vendors and service providers; potential cyberattacks; any damage to our reputation; any remaining liabilities or impacts related to the sale of the Massachusetts business; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the impacts of climate change and extreme weather conditions; our debts; any change in our credit rating or the credit rating of some of our subsidiaries; any adverse effects relating to our equity interests; adverse economic and financial market conditions or increases in interest rates; economic regulation and the impact of regulatory tariff reviews; our ability to achieve expected financial or regulatory results; the ongoing and potential future impacts of the COVID-19 pandemic; economic conditions in certain industries; the reliability of customers and suppliers in meeting their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential goodwill impairments; changes to the method of determining LIBOR and possible replacement of the LIBOR benchmark interest rate; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; potential remaining liabilities related to the Grand Laurent incident; honoring agreements reached with the United States Attorney’s Office to settle the United States Attorney’s Office investigation of the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and associated liability costs; changes in taxation; and other matters set forth in Part I, Item 1, “Business”, Item 1A, “Risk Factors” and Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” , the company’s annual report on Form 10-K for the year ended December 31, 2020; Part II, Item 1A, “Risk Factors”, of the Company’s Quarterly Report on Form 10-Q for the Quarter Ended March 31, 2021and Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, of the Company’s Quarterly Report on Form 10-Q for the Quarter Ended September 30, 2021, many of whose risks are beyond our control. In addition, the relative contributions to profitability of each business segment and the assumptions underlying the forward-looking statements relating thereto may change over time.
All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation, and expressly disclaim any such obligation, to update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, or changes in future results over time. or otherwise, except as required by law. .
Show original content to download multimedia:https://www.prnewswire.com/news-releases/nisource-appointments-sondra-barbour-and-cassandra-lee-to-its-board-of-directors-301470188.html