Summary
Southern Company (SO) announced a significant change to its Board of Directors with the election of Mr. John D. Johns, effective February 9, 2015. Mr. Johns brings substantial leadership experience, currently serving as Chairman, President, and CEO of Protective Life Corporation, and also holds director positions at Regions Financial Corporation and Genuine Parts Company. His prior experience includes serving as a director of Alabama Power Company, a subsidiary of Southern Company, from 2004 to February 8, 2015, providing valuable insight into the company's operations. Investors can anticipate Mr. Johns's contribution to the company's strategic direction, particularly through his upcoming role as a member of the Audit Committee, commencing March 1, 2015. His compensation will align with the company's established non-employee director program, as detailed in previous proxy filings. This addition to the board signals a continued focus on strong governance and experienced leadership at Southern Company.
Key Highlights
- 1Southern Company elected Mr. John D. Johns as a new director, effective February 9, 2015.
- 2Mr. Johns is the Chairman, President, and CEO of Protective Life Corporation.
- 3He also serves as a director for Regions Financial Corporation and Genuine Parts Company.
- 4Mr. Johns has prior experience with Southern Company's subsidiary, Alabama Power Company, having served on its board from 2004 to February 8, 2015.
- 5Mr. Johns will join the company's Audit Committee starting March 1, 2015.
- 6His appointment was not based on any specific arrangement with other individuals.
- 7Mr. Johns will be compensated under the standard non-employee director program.