Joe Hamrock has been the CEO of NiSource Inc. since its separation into two publicly traded companies in 2015. He stepped into this leadership role after a robust career at American Electric Power, where he held various high-level positions including...
Joe Hamrock has been the CEO of NiSource Inc. since its separation into two publicly traded companies in 2015. He stepped into this leadership role after a robust career at American Electric Power, where he held various high-level positions including President and COO of AEP Ohio. Hamrock's expertise lies in utilities, making him well-equipped to lead NiSource through challenges in the energy sector. Though his annual salary reached approximately $900,000 during his tenure, he received a significant boost when 111,235 shares of restricted stock units (RSUs) vested upon his retirement—worth over $3 million. He had a great track record of aligning executive pay with the company’s performance, ensuring that his team focused on financial growth and safety. Notably, in February 2022, he retired, marking the end of a transformative era at NiSource. His insider trading activity peaked in 2022, highlighting a remarkable value ranging around $18.74 million, suggesting confidence in the company’s future. Joe's leadership is marked by strategic decisions that benefit shareholders and maintain a focus on safe operations—a crucial aspect in the utilities industry.