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Posted 05 January, 2023

SOUTHERN CO appointed Christopher C. Womack as new CEO

NYSE:SO appointed new Chief Executive Officer Christopher C. Womack in a 8-K filed on 05 January, 2023.


  The Board (1) accepted Mr. Fanning's retirement as (a) President, effective March 31, 2023, and (b) Chief Executive Officer, effective immediately following the conclusion of the Company's 2023 Annual Meeting of Stockholders (the "Annual Meeting"), and (2) elected Christopher C. Womack as (a) President of the Company and a member of the Company's Board of Directors, each effective March 31, 2023, and (b) Chief Executive Officer of the Company, effective immediately following the conclusion of the Annual Meeting.  

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Overview of SOUTHERN CO
Companies on the Energy Service • Electric Utilities
The Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945, and is headquartered in Atlanta, GA.
Market Cap
$74.4B
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SOUTHERN CO by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On January 4, 2023, Thomas A. Fanning, Chairman, President, and Chief Executive Officer of The Southern Company (the "Company"), notified the Company of his intention to retire from his positions as President and Chief Executive Officer of the Company. In connection with Mr. Fanning's retirement, the Board of Directors of the Company (the "Board") approved the following succession matters. The Board (1) accepted Mr. Fanning's retirement as (a) President, effective March 31, 2023, and (b) Chief Executive Officer, effective immediately following the conclusion of the Company's 2023 Annual Meeting of Stockholders (the "Annual Meeting"), and (2) elected Christopher C. Womack as (a) President of the Company and a member of the Company's Board of Directors, each effective March 31, 2023, and (b) Chief Executive Officer of the Company, effective immediately following the conclusion of the Annual Meeting. Mr. Fanning will serve as Executive Chairman of the Company immediately following the conclusion of the Annual Meeting. Mr. Womack will remain Chairman, President, and Chief Executive Officer of Georgia Power Company ("Georgia Power") until March 31, 2023.

Mr. Womack, 64, has served as Chairman and Chief Executive Officer of Georgia Power since June 2021 and President of Georgia Power since November 2020. Previously, Mr. Womack served as Executive Vice President and President of External Affairs of the Company from January 2009 to October 2020. Mr. Womack is also a director of Essential Utilities, Inc. and Invesco Ltd. Mr. Womack's industry knowledge and extensive experience with the Company and its subsidiaries make him well-qualified to serve on the Board. 

In addition, on January 4, 2023, Stephen E. Kuczynski resigned, effective March 31, 2023, from his position as President of Southern Nuclear Operating Company, Inc. ("Southern Nuclear"). Mr. Kuczynski will remain Chairman and Chief Executive Officer of Southern Nuclear.

Compensation decisions for Mr. Fanning, Mr. Kuczynski, and Mr. Womack in their new roles have not yet been made; once available, any material changes to their compensation will be reported by an amendment to this Current Report on Form 8-K.