Summary
Southern Company (SO) announced a change to its Board of Directors with the election of two new members, David E. Meador and Lizanne Thomas, effective April 1, 2023. Mr. Meador brings extensive experience from his tenure as Vice Chairman and Chief Administrative Officer at DTE Energy. Ms. Thomas adds a strong legal and governance background as Of Counsel at Jones Day, where she previously served as a Partner for over three decades, and also sits on the board of American Software, Inc. These appointments suggest a strategic expansion of the board's expertise. Investors should note that the specific committee assignments for the new directors are yet to be determined and will be disclosed in a future amendment. Both new directors will participate in the company's standard compensation program for non-employee directors, which has been previously detailed in the company's proxy statement.
Key Highlights
- 1Southern Company's Board of Directors has elected two new members, David E. Meador and Lizanne Thomas, effective April 1, 2023.
- 2David E. Meador brings significant executive leadership experience from his former role as Vice Chairman and Chief Administrative Officer at DTE Energy.
- 3Lizanne Thomas provides a strong legal and corporate governance perspective, currently serving as Of Counsel at Jones Day.
- 4Ms. Thomas also has prior extensive experience as a Partner at Jones Day and currently serves on the board of American Software, Inc.
- 5The specific board committee assignments for the new directors are pending and will be disclosed in a later filing.
- 6The new directors will receive compensation in line with Southern Company's existing non-employee director compensation program.