Vectren announces leadership changes

Vectren Corporation Chairman, President and CEO Carl Chapman announced organizational changes today that will provide continued development for a number of colleagues in Vectren’s core leadership team and align with the company’s succession planning process. Approved by the company’s Board of Directors today and effective immediately, these changes will provide Vectren’s next generation of senior leadership continued exposure to multiple aspects of company operations, as well as align some departments that are better suited in the same business unit in order to operate more efficiently.

“We’re fortunate to have a number of talented, committed colleagues within the Vectren family that comprise our leadership team, and these changes ensure their continued development and ultimately, our company’s continued success,” said Chapman. “The new organization will be achieved essentially within the same cost structure as exists today due to the realignment of reporting structures and the previously announced departure of a senior staff member that was triggered by the June 2013 disposition of our investment in a wholesale natural gas marketing business.”

Key promotions in the reorganization include Susan Hardwick, Bob Heidorn and Rick Schach, each of whom have assumed a senior vice president role and added responsibilities. In addition, Dan Bugher and Doug Petitt, current vice presidents, are assuming new roles and increased responsibilities, and Patrick Edwards, Chase Kelley, Angila Retherford and Misty Seaton are promoted from director to vice president roles.

An overview of these changes is as follows:

* Hardwick, vice president and controller, becomes senior vice president of finance and assistant treasurer where she retains responsibilities for the controller group and adds the treasury, investor relations and risk management teams.

* Heidorn, vice president and general counsel, is also promoted to senior vice president, general counsel and chief compliance officer and assistant secretary. He adds environmental affairs and the regulatory affairs teams to his organization.

* Schach, vice president of energy delivery, also assumes a senior vice president role over marketing and energy delivery. In this new position, he retains energy delivery oversight and adds several new areas of responsibility, including conservation, corporate communications, economic development, energy technologies, revenue management and sales.

* Bugher, Vectren’s vice president of performance management, adds the strategic sourcing group to his team.

* Vice President of Marketing and Conservation Petitt moves to chief information officer and vice president of information technology and customer service.

* Edwards, director of corporate audit, is promoted to vice president of corporate audit.

* Promoted to vice president of corporate communications, Kelley, the former director of corporate communications, retains public and media relations responsibilities and adds conservation marketing to her team. She will report to Schach.

* Retherford, the environmental affairs and sustainability director, has been promoted to vice president of environmental affairs and corporate sustainability and will report to Heidorn.

* The director of corporate tax and plant accounting, Seaton, has been promoted to vice president and controller where she will oversee all corporate accounting functions and report to Hardwick.

With this reorganization come new responsibilities for three other colleagues, including:

* Brad Ellsworth, president of Vectren Energy Delivery of Indiana – North, becomes president of Vectren Energy Delivery of Indiana – South and will work out of Vectren’s Evansville headquarters.

* Jon Luttrell, vice president of information technology and customer service, becomes the vice president of energy delivery and will report to Schach.

* Mike Roeder, vice president of corporate communications and government affairs, retains the government affairs role and becomes the president of Vectren Energy Delivery of Indiana – North. He will work in Vectren’s Indianapolis office.

About Vectren

Vectren Corporation (NYSE: VVC) is an energy holding company headquartered in Evansville, Ind. Vectren’s energy delivery subsidiaries provide gas and/or electricity to more than 1 million customers in adjoining service territories that cover nearly two-thirds of Indiana and west central Ohio. Vectren’s nonutility subsidiaries and affiliates currently offer energy-related products and services to customers throughout the U.S. These include infrastructure services, energy services and coal mining. To learn more about Vectren, visit www.vectren.com