Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OnJanuary 4, 2023 ,Thomas A. Fanning , Chairman, President, and Chief Executive Officer ofThe Southern Company (the "Company"), notified the Company of his intention to retire from his positions as President and Chief Executive Officer of the Company. In connection withMr. Fanning's retirement, the Board of Directors of the Company (the "Board") approved the following succession matters. The Board (1) acceptedMr. Fanning's retirement as (a) President, effectiveMarch 31, 2023 , and (b) Chief Executive Officer, effective immediately following the conclusion of the Company's 2023 Annual Meeting of Stockholders (the "Annual Meeting"), and (2) electedChristopher C. Womack as (a) President of the Company and a member of the Company's Board of Directors, each effectiveMarch 31, 2023 , and (b) Chief Executive Officer of the Company, effective immediately following the conclusion of the Annual Meeting.Mr. Fanning will serve as Executive Chairman of the Company immediately following the conclusion of the Annual Meeting.Mr. Womack will remain Chairman, President, and Chief Executive Officer ofGeorgia Power Company ("Georgia Power ") untilMarch 31, 2023 .Mr. Womack , 64, has served as Chairman and Chief Executive Officer ofGeorgia Power sinceJune 2021 and President ofGeorgia Power sinceNovember 2020 . Previously,Mr. Womack served as Executive Vice President and President of External Affairs of the Company fromJanuary 2009 toOctober 2020 .Mr. Womack is also a director of Essential Utilities, Inc. and Invesco Ltd.Mr. Womack's industry knowledge and extensive experience with the Company and its subsidiaries make him well-qualified to serve on the Board. In addition, onJanuary 4, 2023 ,Stephen E. Kuczynski resigned, effectiveMarch 31, 2023 , from his position as President ofSouthern Nuclear Operating Company, Inc. ("Southern Nuclear").Mr. Kuczynski will remain Chairman and Chief Executive Officer of Southern Nuclear. Compensation decisions forMr. Fanning ,Mr. Kuczynski , andMr. Womack in their new roles have not yet been made; once available, any material changes to their compensation will be reported by an amendment to this Current Report on Form 8-K.
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