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...

Number of Employees

7.41K

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.

SEC Filing

From April 1, 2024

Lloyd Yates

CEO of NiSource

N

Education

Not specified

Field of Expertise

Energy & Utilities - Utilities

Born

January 1, 1962 - 63 years ago

Is Founder?

No

Current Tenure

2 years 10 months (Feb 2022 - Present)

Previous Experience

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