Southern Company elects David J. Grain to board of directors
ATLANTA, Dec. 10, 2012
ATLANTA, Dec. 10, 2012 /PRNewswire/ -- Southern Company today announced the
election of David J. Grain to its board of directors. Grain is founder and
managing partner of Grain Management, LLC, a Sarasota, Fla.-based private
equity firm specializing in investments in wireless communications
infrastructure throughout the U.S. He is also CEO of Grain Communications
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Grain Management, LLC's flagship funds manage capital on behalf of domestic
institutional investors including academic endowments, public pension funds
Before forming the Grain entities, Grain served as president of Global Signal
Inc., where he was hired to lead Pinnacle Holdings, Inc. from bankruptcy
through its successful operational turnaround. After Pinnacle Holdings, Inc.
was renamed Global Signal Inc. in June 2004, Grain grew the company into one
of the largest independent wireless communications tower companies in North
America. Under Grain's leadership, Global Signal Inc.'s portfolio expanded
from approximately 2,000 towers to more than 11,000 sites in all 50 states,
Canada and the United Kingdom. In January 2007, Crown Castle International
Corp. acquired Global Signal Inc.
"David knows how to build and grow an infrastructure-intensive business
through effective leadership," said Southern Company Chairman, President and
CEO Thomas A. Fanning. "As we prepare for America's energy future, Southern
Company and our customers will benefit from his experience and expertise."
Prior to joining Global Signal, Grain served as a senior vice president with
AT&T Broadband from 2000 until 2003. He was a principal with Morgan Stanley
from 1992 until 2000.
In 2011, Grain was appointed by President Obama to the National Infrastructure
Advisory Council. He also serves as chairman of the Florida State Board of
Administration Investment Advisory Council as an appointee of former Governor
Charlie Crist. Additionally, he is a director of the Gateway Bank of Southwest
Florida and a trustee of College of the Holy Cross.
Grain founded the Grains Scholars Program at Booker High School in Sarasota,
Fla., a philanthropic organization focused on increasing the matriculation of
black and Latino high school students into top-rated colleges.
Grain earned a bachelor's degree in English from College of the Holy Cross and
an M.B.A. from Dartmouth College.
With 4.4 million customers and more than 43,000 megawatts of generating
capacity, Atlanta-based Southern Company (NYSE: SO) is the premier energy
company serving the Southeast through its subsidiaries. A leading U.S.
producer of clean, safe, reliable and affordable electricity, Southern Company
owns electric utilities in four states and a growing competitive generation
company, as well as fiber optics and wireless communications. Southern Company
brands are known for energy innovation, excellent customer service, high
reliability and retail electric prices that are below the national average.
Southern Company and its subsidiaries are leading the nation's nuclear
renaissance through the construction of the first new nuclear units to be
built in a generation of Americans and are demonstrating their commitment to
energy innovation through the development of a state-of-the-art coal
gasification plant. Southern Company has been recognized by the U.S.
Department of Defense and G.I. Jobs magazine as a top military employer and
listed by DiversityInc as a top company for Blacks. The company received the
2012 Edison Award from the Edison Electric Institute for its leadership in new
nuclear development, was named Platts' 2011 Power Company of the Year and is
continually ranked among the top utilities in Fortune's annual World's Most
Admired Electric and Gas Utility rankings. Visit our website at
SOURCE Southern Company
Contact: Southern Company Media Relations, +1-404-506-5333 or +1-866-506-5333,
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