SOURCE: Vectren Corporation

Vectren Corporation

May 11, 2011 18:02 ET

Koch Retires From Vectren Board; McGinley Elected Lead Director

EVANSVILLE, IN--(Marketwire - May 11, 2011) - Today, long-time Vectren Corporation (NYSE: VVC) Board of Directors member Robert L. Koch retired from the board after serving 25 years in the role, some of which were with a Vectren predecessor company. Koch, who had been Vectren's lead director since 2003, is president and CEO of Koch Enterprises, Inc. The board voted J. Timothy McGinley as the new lead director, effective today. McGinley, principal of House Investments, Inc., has served on the Vectren board, or the board of a predecessor company, since 1999.

"Bob has provided Vectren unparalleled leadership and has served a critical role in shaping Vectren's strategic direction and ultimately driving our company's success," said Vectren Chairman, President and CEO Carl Chapman. "We extend our sincere gratitude and best wishes in his retirement. We're very fortunate to have Tim step into the lead director position, and we're confident his sound guidance and tenure with our company will continue to lead us well in the future."

As reported in March 2011, Carl L. Chapman became chair of the board effective today.

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.

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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