MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NYSE:NI), a major regulated utility company in the United States, has announced changes to its board of directors. The company confirmed the retirement of Aristides S. Candris, a long-serving director since 2012, and the appointment of John McAvoy as his successor, effective immediately.
John McAvoy, who brings over four decades of experience in the utility sector, is joining the NiSource Board after a notable tenure at Consolidated Edison (NYSE:ED), Inc., where he held various leadership roles, including President and CEO from 2013 to 2020.
He continued his service at Consolidated Edison as a director until his retirement in May 2023. McAvoy's extensive background in executive leadership, finance, engineering, and operations is expected to contribute significantly to NiSource's strategic direction.
NiSource Board Chair Kevin T. Kabat expressed gratitude to Aristides S. Candris for his leadership and guidance during his tenure on the board.
Kabat highlighted Candris's role in supporting NiSource’s safety initiatives, including the company's achievement of certification in the American Petroleum Institute’s Recommended Practice 1173 for its Safety Management System, which positioned NiSource as the second entity worldwide to attain this certification.
NiSource serves approximately 3.3 million natural gas customers and 500,000 electric customers across six states through its local brands, Columbia Gas and NIPSCO. The company is recognized for its commitment to sustainability and diversity, being listed on the Dow Jones Sustainability - North America Index and Forbes lists of America's Best Employers for Women and Diversity.
The appointment of McAvoy to the Board is part of NiSource's ongoing efforts to enhance its leadership and operational capabilities. This information is based on a press release statement from NiSource Inc.
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