NiSource said director Aristides S. Candris notified the board of his decision to retire on March 18, 2024, effective March 19, 2024. The company said the decision was not due to any disagreement with it on matters relating to its operations, policies or practices.

1. 01

   NiSource said director Aristides S. Candris notified the board of his decision to retire on March 18, 2024, effective March 19, 2024. The company said the decision was not due to any disagreement with it on matters relating to its operations, policies or practices.

2. 02

   The company said its board appointed John McAvoy as a director on March 19, 2024, effective immediately, and assigned him to the Compensation and Human Capital Committee and the Safety, Operations, Regulatory and Policy Committee. It said he will stand for election at the 2024 Annual Meeting of Stockholders.

3. 03

   The company said McAvoy, 63, served as President and Chief Executive Officer of Consolidated Edison, Inc. from December 2013 through December 28, 2020. He remained a director of ConEdison until his retirement in May 2023, after forty-three years of experience with ConEdison.

4. 04

   The company said that under its compensation practices for non-employee directors, McAvoy will receive an annualized retainer of $275,000, consisting of $110,000 in cash and restricted stock units valued at $165,000 at the time of the award.

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