SOURCE: Energy Systems Group

Energy Systems Group

January 20, 2011 10:00 ET

ESG President Jim Adams Announces Retirement, Greg Collins to Lead Company

EVANSVILLE, IN--(Marketwire - January 20, 2011) -  Jim Adams, Energy Systems Group (ESG) president, today announced he will retire Jan. 31, 2011, after more than 16 years of service in the position. Adams will serve in the role of consultant for the company until 2013.

Vectren Corporation (NYSE: VVC), ESG's parent company, has selected Greg Collins, president of Vectren energy services, as the next president of ESG. Collins was previously the president of Vectren Source, a retail natural gas supplier subsidiary. He is a 20-year veteran of the energy industry having served in executive positions at PSI Energy (now part of Duke Energy), PG&E Energy Services and Pepco Energy Services prior to joining Vectren. Greg also was a partner in the management consulting firm, Barakat & Chamberlin managing the strategic market planning practice.

"While I am extremely proud of ESG's continued success and excited by the company's future growth and opportunities, I look forward to a new chapter allowing me to pursue other interests, travel and spend more time with family," said Adams. "I'm confident ESG will continue to thrive and provide customers with the high-quality innovative solutions that symbolize ESG."

Adams' 35-year energy industry career has been marked with impressive accomplishments. Adams was instrumental in establishing ESG as a leading energy services provider, growing the company from just five employees in 1994 to 226 employees today. Under Jim's leadership, ESG has implemented more than $1.2 billion of building modernization and energy efficiency solutions for 350 customers in the education, healthcare, local, state and federal government, and commercial sectors. ESG's expansive portfolio includes more than $300 million in recurring customer and multi-phase projects. Jim founded, developed, and built the company with four foundation cornerstones of long-lasting customer relationships, happy, motivated employees, growth, and profit.

"Jim's imprint on ESG's success, high-performance, and close-knit culture is unquestionable," stated Collins. "Pioneering the successful implementation of ESG's innovative energy efficiency and long-term financing solutions amidst a challenging energy industry is a particularly commendable accomplishment. The ESG team is strongly positioned for the continued delivery of exceptional customer solutions and a future of sustained success and growth."

Energy Systems Group (ESG), a wholly owned subsidiary of Vectren Corporation (NYSE: VVC), is an award-winning energy services company that specializes in delivering sustainable energy solutions which allow building owners to maximize their energy efficiency and operational performance, while reducing their carbon footprint. Through its core business of performance contracting, ESG provides customers with innovative energy efficiency, technology, and long-term financing solutions for modernization of their facilities and energy infrastructure. To learn more about ESG, visit www.energysystemsgroup.com.

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