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Southern CEO Tom Fanning Is Preparing to Announce His Retirement

  • Utility giant has launched a search to replace longtime leader
  • Fanning wants to stay at helm until Vogtle project is done
Tom Fanning
Tom FanningPhotographer: Cooper Neill/Bloomberg

Utility giant Southern Co. has launched a search to replace longtime Chief Executive Officer Tom Fanning, who plans to announce his retirement in the coming months, according to people familiar with the matter. 

Fanning, who turned 65 in March, is expected to step down by the end of the year but will likely remain with the company in some capacity, the people said, who asked not to be identified because the matter is private.