Summary
Southern Company (SO) filed an 8-K on February 7, 2023, reporting a change in its principal accounting officer. Ann P. Daiss, the current Comptroller, has announced her retirement effective March 1, 2023. This marks a transition in a key financial leadership role within the company. Concurrently, the Board of Directors has appointed David P. Poroch as the new Comptroller, also effective March 1, 2023. Mr. Poroch brings extensive experience within the Southern Company system, most recently serving as Executive Vice President, Chief Financial Officer, Chief Risk Officer, and Treasurer of Southern Company Gas. His appointment to this critical accounting role suggests a focus on experienced internal leadership for financial oversight.
Key Highlights
- 1Ann P. Daiss, the current Comptroller (principal accounting officer), announced her retirement.
- 2David P. Poroch has been appointed as the new Comptroller, effective March 1, 2023.
- 3Mr. Poroch currently holds significant financial leadership roles at Southern Company Gas.
- 4His previous experience includes executive financial positions at Georgia Power Company.
- 5Mr. Poroch's new base salary will be $475,000 annually.
- 6Performance-based compensation targets for Mr. Poroch include 55% of base salary for annual performance and 95% of base salary for long-term performance.