Southern CEO Fanning to exit, hunt on for successor – Bloomberg News
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July 29 (Reuters) – U.S. utility Southern Co (SO.N) Chief Government Tom Fanning is expected to action down by the conclude of this year and the business has introduced a research for his successor, Bloomberg Information described on Friday, citing men and women common with the issue.
Fanning is envisioned to continue being with Southern in some capability after stepping down as CEO, the report reported. (https://bloom.bg/3zmkTvQ)
Fanning, 65, told Bloomberg in an job interview that he wants to keep on being CEO till Southern’s Vogtle nuclear plant expansion is full, the report claimed.
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A enterprise spokesperson said that no timelines have been established regarding any likely retirement.
Southern on Thursday lifted the price estimate for the Vogtle plant growth to about $10.5 billion. The strategies are previously billions of bucks more than funds and decades powering schedule.
The Georgia, Atlanta-centered organization also mentioned its next-quarter internet financial gain approximately tripled to $1.11 billion.
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Reporting by Ruhi Soni in Bengaluru Editing by Devika Syamnath
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