PGL Peoples Energy Corp

Peoples Energy (NYSE:PGL) said today that the board of directors elected Thomas A. Nardi to the post of executive vice president and chief financial officer. Nardi, 50, adds the title of executive vice president to his prior role as chief financial officer of the firm. He reports to Thomas M. Patrick, chairman, president and CEO. His responsibilities include oversight for all of Peoples Energy's financial services functions, including, accounting, corporate finance, internal auditing, corporate risk management and investor relations as well as the company's strategic planning and development functions. "I am pleased to announce this promotion, which recognizes Tom's increasingly important role in the company," said Patrick. "In just a few short years, he has become an integral player in the senior leadership of Peoples Energy, bringing broad experience and excellent skills and vision." Nardi has 28 years of experience in the energy industry. He joined Peoples Energy as the president and CEO of its retail energy services business in the fall of 2000. He became CFO and senior vice president of Peoples Energy Corporation early in its fiscal 2002. He previously worked at Nicor, Inc., a gas distribution company in northern Illinois, from 1981-2000, serving in a variety of accounting and finance, operating, regulatory and development positions. Nardi started his career in the Chicago office of Arthur Andersen where he worked from 1976-1981. Nardi has a bachelor's degree in accounting from Western Illinois University and a master's degree in finance from the University of Chicago. Active in the business community, Nardi serves on Western Illinois University's College of Business Advisory Council as well as its Accounting Advisory Council, the City of Naperville Public Utility Advisory Board, and the Board of Governors of the Mid-America Club. He is also a member of the Economic Club of Chicago, Financial Executives International and the AICPA. Peoples Energy, a member of the S&P 500, is a diversified energy company consisting of five primary business segments: Gas Distribution, Power Generation, Midstream Services, Retail Energy Services, and Oil and Gas Production. The Gas Distribution business serves about 1 million utility customers in Chicago and northeastern Illinois. Visit the Peoples Energy web site at PeoplesEnergy.com.