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July 29 (Reuters) – U.S. utility Southern Co (SO.N) Main Executive Tom Fanning is envisioned to action down by the finish of this 12 months and the enterprise has introduced a look for for his successor, Bloomberg News described on Friday, citing people today acquainted with the make a difference.
Fanning is predicted to remain with Southern in some ability after stepping down as CEO, the report claimed. (https://bloom.bg/3zmkTvQ)
Fanning, 65, informed Bloomberg in an interview that he wishes to stay CEO until Southern’s Vogtle nuclear plant expansion is full, the report reported.
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A firm spokesperson stated that no timelines have been set relating to any potential retirement.
Southern on Thursday lifted the price estimate for the Vogtle plant enlargement to about $10.5 billion. The ideas are currently billions of pounds about funds and yrs at the rear of agenda.
The Ga, Atlanta-based agency also reported its 2nd-quarter internet income nearly tripled to $1.11 billion.
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Reporting by Ruhi Soni in Bengaluru Enhancing by Devika Syamnath
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