Vice President Investor Relations and Treasurer Randy Hulen to retire from NiSource after nearly 30 years

NiSource announces new Vice President of Treasury Tchapo Napoe, and Chris Turnure promoted to Senior Director of Investor Relations

Following nearly 30 years of service to NiSource (NYSE: NI), Vice President Investor Relations and Treasurer, Randy Hulen, will retire effective December 31, 2023. As Vice President Investor Relations and Treasurer, Randy has been responsible for NiSource’s investor communications and relations, corporate financing and cash management, while maintaining NiSource’s investment grade credit ratings.

Randy has led the investor relations function since 2005 and assumed responsibility for treasury in January 2019. Prior to leading investor relations, he gained broad experience in leadership positions in financial planning and analysis within the organization.

“Randy’s strong leadership during his career at NiSource has been instrumental in helping shape NiSource into the premium utility company it is today,” said Shawn Anderson, Executive Vice President and Chief Financial Officer of NiSource Inc. “It has been such a pleasure working alongside Randy and we are grateful for all of his contributions to NiSource. On behalf of all of NiSource, I wish Randy the best in his well-deserved retirement.”

Randy was named to the Institutional Investor Magazine’s “All American Executive Team” more than eight times as one of the top-rated Investor Relations Professionals. Since assuming Treasury responsibilities in 2019, Randy has successfully managed over $20 billion of corporate financing and capital markets issuances to maintain the company’s liquidity and fund the NiSource significant capital investment program.

NiSource is also pleased to announce Tchapo Napoe as the new NiSource Vice President of Treasury & Corporate Finance effective December 1, 2023. Tchapo has over 20 years of experience in the utility industry. He comes to NiSource from WEC Energy Group where he was the Director of Treasury and Risk Management with responsibility over financing, banking relationships, capital markets, treasury operations, insurance risk management, and commodity counterparty credit risk.

Current Director of Investor Relations, Chris Turnure, was promoted to Senior Director to lead Investor Relations. Chris Turnure has been the Director of Investor Relations since 2021. Before joining NiSource, for a decade, he held many roles of increasing responsibility at JP Morgan’s Corporate and Investment Bank.

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 our 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

Forward-Looking Statements

This press release contains "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Investors and prospective investors should understand that many factors govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause actual results to differ materially from those projected. These forward-looking statements include, but are not limited to, statements concerning our plans, strategies, objectives, expected performance, and any and all underlying assumptions and other statements that are other than statements of historical fact. Expressions of future goals and expectations and similar expressions, including "may," "will," "should," "could," "would," "aims," "seeks," "expects," "plans," "anticipates," "intends," "believes," "estimates," "predicts," "potential," "targets," "forecast," and "continue," reflecting something other than historical fact are intended to identify forward-looking statements. All forward-looking statements are based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not differ materially.

Factors that could cause actual results to differ materially from the projections, forecasts, estimates and expectations discussed in this press release include, among other things, our ability to execute our business plan or growth strategy, including utility infrastructure investments; potential incidents and other operating risks associated with our business; our ability to adapt to, and manage costs related to, advances in, or failures of, technology; impacts related to our aging infrastructure; our ability to obtain sufficient insurance coverage and whether such coverage will protect us against significant losses; the success of our electric generation strategy; construction risks and natural gas costs and supply risks; fluctuations in demand from residential and commercial customers; fluctuations in the price of energy commodities and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer demands; the attraction and retention of a qualified, diverse workforce and ability to maintain good labor relations; our ability to manage new initiatives and organizational changes; the actions of activist stockholders; the performance of third-party suppliers and service providers; potential cybersecurity-attacks; increased requirements and costs related to cybersecurity; any damage to our reputation; any remaining liabilities or impact related to the sale of the Massachusetts Business; the impacts of natural disasters, potential terrorist attacks or other catastrophic events; the physical impacts of climate change and the transition to a lower carbon future; our ability to manage the financial and operational risks related to achieving our carbon emission reduction goals; our debt obligations; any changes to our credit rating or the credit rating of certain of our subsidiaries; any adverse effects related to our equity units; adverse economic and capital market conditions or increases in interest rates; economic regulation and the impact of regulatory rate reviews; our ability to obtain expected financial or regulatory outcomes; continuing and potential future impacts from the COVID-19 pandemic; economic conditions in certain industries; the reliability of customers and suppliers to fulfill their payment and contractual obligations; the ability of our subsidiaries to generate cash; pension funding obligations; potential impairments of goodwill; the outcome of legal and regulatory proceedings, investigations, incidents, claims and litigation; potential remaining liabilities related to the Greater Lawrence Incident; compliance with applicable laws, regulations and tariffs; compliance with environmental laws and the costs of associated liabilities; changes in taxation; and other matters set forth in Part I, Item 1, "Business," Item 1A, "Risk Factors" and Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations," of the company's annual report on Form 10-K for the year ended December 31, 2022, and matters set forth in our quarterly reports on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023, some of which risks are beyond our control.

All forward-looking statements are expressly qualified in their entirety by the foregoing cautionary statements. We undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events or changes to the future results over time or otherwise, except as required by law.

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