Summary
Southern Company (SO) announced changes to its Board of Directors through an 8-K filing on December 10, 2018, effective January 2, 2019. The company elected two new directors, Dr. Janaki Akella and Mr. Anthony F. Earley, Jr., to its board. These appointments are part of the company's ongoing governance and are intended to bring new perspectives and expertise to the board. Dr. Akella brings significant experience in digital transformations from her role at Google LLC and previously at McKinsey & Company. Mr. Earley, a seasoned executive, most recently served as Executive Chairman and previously as CEO and President of PG&E Corporation, and also sits on the board of Ford Motor Company. Both new directors will participate in the company's standard compensation program for non-employee directors.
Key Highlights
- 1Southern Company has elected two new independent directors, Dr. Janaki Akella and Mr. Anthony F. Earley, Jr., to its Board of Directors.
- 2The appointments are effective January 2, 2019.
- 3Dr. Akella brings expertise in digital transformation from her current role at Google and prior experience at McKinsey & Company.
- 4Mr. Earley is a seasoned executive with extensive experience in the utility sector, having served as Executive Chairman, CEO, and President of PG&E Corporation.
- 5Mr. Earley also serves as a director for Ford Motor Company, indicating broad corporate governance experience.
- 6There are no stated arrangements or understandings influencing the selection of these new directors.
- 7The new directors will receive compensation according to the company's standard non-employee director program.