February 17, 2010 (FinancialWire) — The Integrys Energy Group, Inc. (NYSE: TEG) board of directors has approved Executive chairman Larry L. Weyers’ request to retire on March 31, 2010.

According to the company, the move is in keeping with the plan announced in late 2008 when Charles A. Schrock was selected to succeed Weyers as president and chief executive officer of Integrys.

Schrock will assume the additional role of chairman, effective April 1, 2010.

Weyers agreed to stay on as Executive chairman of the board during a transition period and to oversee the company’s strategy to divest of all or part of its nonregulated subsidiary, Integrys Energy Services.

The objectives of this strategy have now been achieved.

Integrys Energy Group is a holding company with regulated utility operations operating through six wholly owned subsidiaries, Wisconsin Public Service Corp., The Peoples Gas Light and Coke company, North Shore Gas company, Upper Peninsula Power company, Michigan Gas Utilities Corp., and Minnesota Energy Resources Corp..

The company’s nonregulated operations serve certain energy markets in the United States through its wholly owned nonregulated subsidiary, Integrys Energy Services; and also a 34% equity ownership interest in American Transmission Co.

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