Peoples Energy Chairman and CEO Richard E. Terry announced plans to retire Aug. 1, consistent with the company’s policy requiring officers to retire upon attaining the age of 65. Thomas M. Patrick, currently president and COO, is expected to assume the positions of chairman and CEO in August. Following a pattern among regulated utilities, both men moved up through the company’s legal department. Terry’s retirement will cap a 30-year career with Peoples, including more than 11 years as chairman and CEO. Patrick has been with Peoples for 26 years. He began his career in 1976 as a member of the company’s legal department and was elected president and COO in 1998. He has been a director of the company since 1998. Peoples gas utility division serves about 1 million retail customers in Chicago and northeastern Illinois.

Piedmont Natural Gas’ board elected Thomas E. Skains president and COO. Skains also was elected to the board. Prior to joining Piedmont in April 1995, Skains was senior vice president of transportation and customer services for Transcontinental Gas Pipe Line Corp. Malcolm (Mac) E. Everett III, director of corporate and community affairs for Wachovia Corp., also was elected to the board.

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