NISOURCE ANNOUNCES DEPARTURE OF PABLO VEGAS
NiSource Inc (NYSE: NI) announced the departure of Executive Vice President Pablo Vegas, who will assume the role of President and CEO of the Electric Reliability Council of Texas (ERCOT) on October 1, 2022. Serving at NiSource for six years, Vegas held multiple key positions, contributing significantly to company leadership. He will remain with the company until September 2, 2022, during which a national search for his replacement will be conducted. The company expressed gratitude for Vegas's service and leadership at NiSource.
- Pablo Vegas's leadership over the past six years contributed significantly to NiSource.
- NiSource is actively searching for a new leader, ensuring a smooth transition.
- The departure of a key executive may lead to uncertainty in NiSource's management structure.
MERRILLVILLE, Ind., Aug. 16, 2022 /PRNewswire/ -- NiSource Inc. (NYSE: NI) today announced that Executive Vice President, NiSource, and Group President, NiSource Utilities, Pablo Vegas, is leaving NiSource to become President and Chief Executive Officer of the Electric Reliability Council of Texas (ERCOT), effective October 1.
Since joining NiSource, Vegas has served in numerous roles, including Executive Vice President and President, Columbia Gas Group, Chief Restoration Officer, and Chief Customer Officer for NiSource. Pablo assumed his current title on July 1, 2022.
"Pablo has been an instrumental leader at NiSource for the past six years, and we are grateful for his outstanding service to the company and to our customers," said Lloyd Yates, NiSource President and CEO. "His impact to NiSource has been tremendous since joining the company in 2016, and he has held numerous roles of increasing responsibility, highlighting Pablo's talent as a versatile executive. He has been an invaluable member of our leadership team and I along with the entire NiSource community will miss working with Pablo, and we wish him the best in his new role at ERCOT."
Prior to joining NiSource, he held a variety of senior executive positions with American Electric Power (AEP), including serving most recently as President and Chief Operating Officer of AEP Ohio. Vegas joined AEP in 2005, serving in leadership positions in information technology and finance. In 2008 he assumed the role of President and Chief Operating Officer for AEP Texas. From 2010 - 2012, he served as AEP's Vice President and Chief Information Officer.
Before his career in the regulated utility industry, Vegas held senior leadership positions with IBM, PWC and Andersen Consulting.
Pablo will remain with the company until September 2nd while a national search is underway for his replacement.
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 the 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/nisource-announces-departure-of-pablo-vegas-301606752.html
SOURCE NiSource Inc.
FAQ
Who is replacing Pablo Vegas at NiSource?
What role will Pablo Vegas take after leaving NiSource?
When did Pablo Vegas join NiSource?
How long will Pablo Vegas remain with NiSource?
