SOURCE: Vectren Corporation

Vectren Corporation

March 02, 2011 16:31 ET

Chapman Named Chair of the Vectren Board of Directors Effective May 11

EVANSVILLE, IN--(Marketwire - March 2, 2011) - Today, the Vectren Corporation (NYSE: VVC) Board of Directors announced that upon his reelection as a director, Carl L. Chapman will become chair of the board effective immediately following the company's annual shareholder meeting on May 11, 2011.

Last June, Chapman assumed the role of chief executive officer following the retirement of his predecessor, Niel C. Ellerbrook. Under the company's Corporate Governance Guidelines, Ellerbrook remained as the non-executive chair of the board during the past year to facilitate the transition of leadership to Chapman. Ellerbrook will continue to serve on the company's board.

"Carl has demonstrated outstanding leadership and is a visionary in the energy industry," Robert L. Koch II, the board's lead director, said. "The board has great confidence in Carl and his management team to ensure Vectren will meet the needs of all of its stakeholders into the future."

Prior to his current position of president and chief executive officer, Chapman was named president and chief operating officer of Vectren in 2007. The Carmel, Ind., native previously served as executive vice president and chief operating officer of Vectren Corporation, as well as president of Vectren Enterprises, Vectren's holding company for its non-regulated subsidiaries and affiliates. He also has experience as the executive vice president and chief financial officer of Indiana Energy, Inc., a Vectren predecessor company, and helped form and served as president of ProLiance Energy, one of the company's non-regulated affiliates, where he is still chair of the board.

Chapman, 55, received a bachelor's degree in accounting, graduating summa cum laude from Ball State University. He began his career with Arthur Andersen, remaining there until joining Indiana Gas.

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 one 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, coal mining and energy marketing. To learn more about Vectren, visit http://www.vectren.com.

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