NiSource announces new Vice President of
Treasury Tchapo Napoe, and Chris Turnure promoted to Senior
Director of Investor Relations
Following nearly 30 years of service to NiSource (NYSE: NI),
Vice President Investor Relations and Treasurer, Randy Hulen, will
retire effective December 31, 2023. As Vice President Investor
Relations and Treasurer, Randy has been responsible for NiSource’s
investor communications and relations, corporate financing and cash
management, while maintaining NiSource’s investment grade credit
ratings.
Randy has led the investor relations function since 2005 and
assumed responsibility for treasury in January 2019. Prior to
leading investor relations, he gained broad experience in
leadership positions in financial planning and analysis within the
organization.
“Randy’s strong leadership during his career at NiSource has
been instrumental in helping shape NiSource into the premium
utility company it is today,” said Shawn Anderson, Executive Vice
President and Chief Financial Officer of NiSource Inc. “It has been
such a pleasure working alongside Randy and we are grateful for all
of his contributions to NiSource. On behalf of all of NiSource, I
wish Randy the best in his well-deserved retirement.”
Randy was named to the Institutional Investor Magazine’s “All
American Executive Team” more than eight times as one of the
top-rated Investor Relations Professionals. Since assuming Treasury
responsibilities in 2019, Randy has successfully managed over $20
billion of corporate financing and capital markets issuances to
maintain the company’s liquidity and fund the NiSource significant
capital investment program.
NiSource is also pleased to announce Tchapo Napoe as the new
NiSource Vice President of Treasury & Corporate Finance
effective December 1, 2023. Tchapo has over 20 years of experience
in the utility industry. He comes to NiSource from WEC Energy Group
where he was the Director of Treasury and Risk Management with
responsibility over financing, banking relationships, capital
markets, treasury operations, insurance risk management, and
commodity counterparty credit risk.
Current Director of Investor Relations, Chris Turnure, was
promoted to Senior Director to lead Investor Relations. Chris
Turnure has been the Director of Investor Relations since 2021.
Before joining NiSource, for a decade, he held many roles of
increasing responsibility at JP Morgan’s Corporate and Investment
Bank.
About NiSource
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 electric customers across
six states through its local Columbia Gas and NIPSCO brands. Based
in Merrillville, Indiana, NiSource's approximately 7,500 employees
are focused on safely delivering reliable and affordable energy to
our customers and communities we serve. NiSource is a member of the
Dow Jones Sustainability Index - North America. 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 at
www.facebook.com/nisource, www.linkedin.com/company/nisource or
www.twitter.com/nisourceinc. NI-F
Forward-Looking Statements
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 "Exchange Act"). Investors
and prospective investors should understand that many factors
govern whether any forward-looking statement contained herein will
be or can be realized. Any one of those factors could cause actual
results to differ materially from those projected. These
forward-looking statements include, but are not limited to,
statements concerning our plans, strategies, objectives, expected
performance, and any and all underlying assumptions and other
statements that are other than statements of historical fact.
Expressions of future goals and expectations and similar
expressions, including "may," "will," "should," "could," "would,"
"aims," "seeks," "expects," "plans," "anticipates," "intends,"
"believes," "estimates," "predicts," "potential," "targets,"
"forecast," and "continue," reflecting something other than
historical fact are intended to identify forward-looking
statements. All forward-looking statements are based on assumptions
that management believes to be 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 other things, our
ability to execute our business plan or growth strategy, including
utility infrastructure investments; potential incidents and other
operating risks associated with our business; our ability to adapt
to, and manage costs related to, advances in, or failures of,
technology; impacts related to our aging infrastructure; our
ability to obtain sufficient insurance coverage and whether such
coverage will protect us against significant losses; the success of
our electric 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
commodities and related transportation costs or an inability to
obtain an adequate, reliable and cost-effective fuel supply to meet
customer demands; the attraction and retention of a qualified,
diverse workforce and ability to maintain good labor relations; our
ability to manage new initiatives and organizational changes; the
actions of activist stockholders; the performance of third-party
suppliers and service providers; potential cybersecurity-attacks;
increased requirements and costs related to cybersecurity; any
damage to our reputation; any remaining liabilities or impact
related to the sale of the Massachusetts Business; the impacts of
natural disasters, potential terrorist attacks or other
catastrophic events; the physical impacts of climate change and the
transition to a lower carbon future; our ability to manage the
financial and operational risks related to achieving our carbon
emission reduction goals; our debt obligations; any changes to our
credit rating or the credit rating of certain of our subsidiaries;
any adverse effects related to our equity units; adverse economic
and capital market conditions or increases in interest rates;
economic regulation and the impact of regulatory rate reviews; our
ability to obtain expected financial or regulatory outcomes;
continuing and potential future impacts from the COVID-19 pandemic;
economic conditions in certain industries; the reliability of
customers and suppliers to fulfill their payment and contractual
obligations; the ability of our subsidiaries to generate cash;
pension funding obligations; potential impairments of goodwill; the
outcome of legal and regulatory proceedings, investigations,
incidents, claims and litigation; potential remaining liabilities
related to the Greater Lawrence Incident; compliance with
applicable laws, regulations and tariffs; compliance with
environmental laws and the costs of associated liabilities; 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," of the company's annual report on Form 10-K
for the year ended December 31, 2022, and matters set forth in our
quarterly reports on Form 10-Q for the quarters ended March 31,
2023 and June 30, 2023, some of which risks are beyond our
control.
All forward-looking statements are expressly qualified in their
entirety by the foregoing cautionary statements. We undertake no
obligation to, 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 to the future results over time or otherwise, except as
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231101005365/en/
Lynne Evosevich Corporate Media Relations (724) 288-1611
levosevich@nisource.com
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