ONE Gas Appoints Former PG&E COO Nickolas Stavropoulos to Board

What Happened

• ONE Gas, Inc. (OGS) filed an 8-K on July 13, 2026 announcing it expanded its Board of Directors from eight to nine members and appointed Nickolas Stavropoulos to fill the new seat. Mr. Stavropoulos, age 68, is the retired chief operating officer of Pacific Gas & Electric (PG&E) and has over 40 years of experience in the U.S. natural gas industry. He will serve on the Board’s Audit, Corporate Governance and Executive Compensation Committees.

Key Details

• Board expansion and appointment effective July 13, 2026; all existing directors remain on the Board.
• Mr. Stavropoulos’ background: PG&E COO (Mar 2017–Sep 2018); EVP & COO at National Grid (2007–2011); senior roles at KeySpan, Colonial Gas, Boston Gas; currently a director at Ameresco (AMRC).
• Compensation for service through May 19, 2027: $105,000 annual cash retainer (prorated) plus a stock retainer valued at $140,000 (prorated); participation in the non-employee director deferred compensation plan and reimbursement for meeting-related expenses.
• Company reported no related-party transactions under Item 404 and no family relationships among directors/executive officers. A press release about the appointment was furnished as Exhibit 99.1 (not “filed”).

Why It Matters

• For investors, the appointment brings an experienced natural-gas operations executive to ONE Gas’ board and strengthens oversight on audit, governance and compensation matters. The disclosed cash and equity retainer amounts set near-term director cost expectations (pro-rated through May 19, 2027). The filing confirms no reportable related-party issues tied to the appointment.