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...

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 customer experiences and operational performance. Since taking charge at NiSource, Yates has been recognized for his transformative leadership. In 2023, he earned $9.2 million, mostly from salary and performance-based bonuses, reflecting his alignment with the company’s success. Under his direction, NiSource continues to prioritize financial and operational excellence, and customer satisfaction. A notable aspect of Yates' career is his strategic decision-making, demonstrated by his stock trading activities, where he consistently increased his holdings during periods of company growth. His experience spans over several key roles where he displayed his expertise in navigating complex utility operations across multiple states, enhancing customer service, and driving company performance. As a director of NiSource since 2020, Yates has a clear understanding of the company's framework and its strategic goals.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other NiSource CEOs

N

Lloyd Yates

CEO of NiSource

Education

Not specified

Field of Expertise

Energy & Utilities - Utilities

Sector of Economy

Utilities

Born

January 1, 1962 - 63 years ago

CEO of NiSource for

3 years 1 month (Feb 2022 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Lloyd Yates

A

Michael E. Haefner

CEO of Atmos Energy

2023 Compensation

Stock

$5.15M

Salary

$1.04M

Bonus

$1.52M

Other

$14.55K

Total Holdings

$19.41M

F

Steven E. Strah

CEO of FirstEnergy

2021 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$0.00

Other

$29.11K

Total Holdings

$3.86M

C

Timothy Cawley

CEO of Consolidated Edison

2023 Compensation

Stock

$11.43M

Salary

$1.35M

Bonus

$2.26M

Other

$79.60K

Total Holdings

$23.63M

N

Lawrence Coben

CEO of NRG Energy

2023 Compensation

Stock

$12.64M

Salary

$100.00K

Bonus

$0.00

Other

$489.03K

Total Holdings

$42.63M

I

Lisa A. Grow

CEO of IDACORP

2022 Compensation

Stock

$0.00

Salary

$850.00K

Bonus

$0.00

Other

$13.44K

Total Holdings

$6.14M

E

Andrew S. Marsh

CEO of Entergy

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$106.56K

Total Holdings

$25.10M

Holdings

See how much did Lloyd Yates make over time.

Lloyd Yates has been actively managing his stock portfolio in NiSource, where he first began trading in 2019, showing confidence in the company’s growth. His holdings witnessed consistent increases, peaking at around $17 million in September 2024. This bullish trend...

Lloyd Yates has been actively managing his stock portfolio in NiSource, where he first began trading in 2019, showing confidence in the company’s growth. His holdings witnessed consistent increases, peaking at around $17 million in September 2024. This bullish trend reflects his strong belief in NiSource's potential, especially as the company improves its customer service and operational efficiencies. Yates had most of his wealth tied up in his stock holdings in early 2023 at about $12.6 million, just before a stellar rise leading up to 2024. His trading pattern, which involved regularly increasing his investment during strong performance periods, shows a hands-on approach to wealth management as he navigates the ups and downs of the market.

Mar 18, 2025

D

shares

DUK @ $120.76

M

shares

MMC @ $232.16

Total Stock Sold

$7.44M

DUK

$6.67M

82,844 DUK shares

MMC

$770.06K

6,658 MMC shares

What if they kept their stock?

If Lloyd Yates didn't sell their stock, today they would have:
Extra DUK82,844 shares worth $7.08M and MMC6,658 shares worth $623.26K.
This is 3.59% and $267.39K more than what they got when they sold the stock.

Charitable Transactions

DUK

2,700 shares

DUK

Recent Charitable Transactions

DUK

2,700 shares

DUK

Aug 26, 2014

Charity

Insider Trading

See recent insider trades of Lloyd Yates.

MMC

$766.78K

MMC at $115.17/share

Nov 13, 2020

Sale

DUK

$1.82M

DUK at $90.82/share

Aug 26, 2019

Sale

MMC

$174.97K

MMC at $95.41/share

Jun 1, 2019

Received

DUK

$451.28K

DUK at $88.19/share

May 23, 2019

Sale

DUK

$543.80K

DUK at $89.28/share

Feb 26, 2019

Received

DUK

$309.78K

DUK at $88.51/share

Feb 26, 2019

Sale

MMC

$174.98K

MMC at $80.45/share

Jun 1, 2018

Received

DUK

$284.89K

DUK at $76.05/share

Feb 28, 2018

Sale

DUK

$475.17K

DUK at $75.34/share

Feb 28, 2018

Received

DUK

$449.76K

DUK at $89.95/share

Nov 13, 2017

Sale

Compensation History

See how much did Lloyd Yates make over time.

In 2023, Lloyd Yates' total compensation was $9.2 million, comprised mainly of a base salary of $1.05 million, a performance bonus of $2.5 million, and additional compensation of nearly $466,592 for perks and retirement contributions. His bonus structure is tied directly to the company's performance, further motivating his leadership style and decision-making. Over the years, Yates' compensation has seen significant increases as recognition of his efforts in steering NiSource towards a path of profitability and customer satisfaction. However, it’s interesting to note that Yates did not have any stock options or grants included in his 2023 compensation, highlighting a heavier reliance on cash incentives. In 2022, his total was $7.1 million, showing the potential for growth in his earning opportunities as he continues to lead the company successfully.

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.

Other NiSource CEOs

Here are other CEOs of NiSource

Joe Hamrock

Ex-CEO of NiSource

November 2015 - February 2022