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Posted 12 December, 2023

SOUTHERN CO appointed new CEO

CEO Change detected for ticker NYSE:SO in a 8-K filed on 12 December, 2023.


  Also on December 11, 2023, the Board elected Christopher C. Womack, the Company's President and Chief Executive Officer and a Board member, to the additional position of Chairman of the Board, effective December 31, 2023.  

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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 December 11, 2023, Thomas A. Fanning, Executive Chairman of The Southern Company (the "Company"), notified the Company that he is retiring as Executive Chairman and from the Company's Board of Directors (the "Board"), effective December 31, 2023. Also on December 11, 2023, the Board elected Christopher C. Womack, the Company's President and Chief Executive Officer and a Board member, to the additional position of Chairman of the Board, effective December 31, 2023.

In connection with Mr. Fanning's retirement, he and Southern Company Services, Inc. ("SCS") expect to enter into a consulting agreement (the "Consulting Agreement"). Pursuant to the Consulting Agreement, it is expected that Mr. Fanning will serve as a consultant to SCS from January 1, 2024 to December 31, 2024 and SCS will pay Mr. Fanning $250,000 in cash for his consulting services related to national security matters, including cyber and physical threats, and energy policy issues. The foregoing description of the Consulting Agreement does not purport to be complete and is qualified by reference to the full text of the Consulting Agreement, a copy of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ending December 31, 2023.