Finance executive moves announced at Georgia Power
ATLANTA, Jan. 4, 2013
ATLANTA, Jan. 4, 2013 /PRNewswire/ --Georgia Power President and CEO Paul
Bowers today announced that W. Ron Hinson has been named executive vice
president, chief financial officer (CFO), treasurer and comptroller, effective
March 31. He will succeed current Georgia Power CFO Ronnie Labrato, who will
retire March 31.
Hinson, 56, currently serves as chief accounting officer and comptroller for
Southern Company, as well as senior vice president and comptroller of Southern
"Ron's experience and proven track record of delivering results at Georgia
Power and Southern Company make him uniquely qualified for this crucial,
expanded position," said Bowers. "Moreover, Ron consistently demonstrates the
strong leadership and strategic focus necessary to lead the company's finance
and accounting functions in this increasingly complex, ever-evolving financial
Current Georgia Power Comptroller Ann Daiss will succeed Hinson as chief
accounting officer and comptroller of Southern Company, as well as senior vice
president and comptroller of Southern Company Services on March 31. The
separate position of comptroller at Georgia Power will be eliminated, with
Hinson assuming the additional duties as CFO.
Bowers added, "A key focus of our strategy is to drive efficiencies in the
business while maintaining outstanding customer service and industry-leading
Commenting on Labrato's 34 years with the Southern Company system, Bowers
noted, "Ronnie has exemplified the combination of leadership, integrity and
business acumen in every role he has held in his career, and these attributes
are the cornerstones of our company's success. We wish him well as he enters
this new chapter in his life."
Since beginning his career at Georgia Power in 1979, Hinson has held numerous
positions in the company's accounting and finance organizations, including
serving as vice president and comptroller, where he was an active participant
in state regulatory activities.
Hinson, an Atlanta native, holds an A.S. in Business from Young Harris
College, a B.B.A. in Accounting from the University of Georgia and an M.B.A.
in Finance from Mercer University. He also is a graduate of the Harvard
Business School's Advanced Management Program.
A Certified Public Accountant and Certified Management Accountant, Hinson is
a past director and secretary/treasurer of the American Red Cross Atlanta
chapter and past director and president of the Amyotrophic Lateral Sclerosis
(ALS) Association of Georgia.
Georgia Power is the largest subsidiary of Southern Company, one of the
nation's largest generators of electricity. The company is an investor-owned,
tax-paying utility with rates below the national average. Georgia Power serves
2.4 million customers in all but four of Georgia's 159 counties.
SOURCE Georgia Power
Contact: Media Relations, +1-404-506-7676, 1-800-282-1696
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