Sundar PichaiSundar Pichai earned $164M in 2023
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Lloyd Yates

CEO of NiSource

Education

Not specified

Field of Expertise

Energy & Utilities - Utilities

Born

January 1, 1962 - 63 years ago

Economy Sector

Utilities

Current Tenure

3 years 0 months (Feb 2022 - Present)

Previous Experience

Executive Vice President, Customer and Delivery Operations, and President, Carolinas Region at Duke Energy Corporation

Lloyd Yates is the current President and CEO of NiSource Inc., having stepped into the role on February 14, 2022, after a successful career at Duke Energy. He has a solid background in utilities and customer operations, focusing on improving...

Year

2023

Total Compensation

$4.01M

Salary

$1.04M

Board Justification

The compensation philosophy is designed to attract and retain top executive talent while aligning their interests with those of the shareholders through performance-based incentives.

Bonus

$2.50M

Board Justification

The bonus is based on the company's performance metrics, resulting in a payout of $2,500,000 for the year 2023.

Other

$466.59K

Board Justification

Other compensation includes contributions to retirement plans and perquisites such as relocation assistance and personal use of company aircraft.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics include financial performance, operational excellence, and customer satisfaction, which directly influence the short-term incentive payouts.