Southern Company
07/11/2025 | Press release | Distributed by Public on 07/11/2025 04:52
Management Change/Compensation (Form 8-K)
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 10, 2025, the Board of Directors of The Southern Company ("Southern Company") appointed David P. Poroch, currently Comptroller of Southern Company, to serve as Executive Vice President and Chief Financial Officer of Southern Company, effective July 31, 2025.
Mr. Poroch will succeed Daniel S. Tucker, who, on July 10, 2025, announced he will retire from Southern Company, effective October 1, 2025. Mr. Tucker will step down as Executive Vice President and Chief Financial Officer of Southern Company, effective July 31, 2025, and will continue employment as a senior advisor to the Chief Executive Officer of Southern Company through his retirement on October 1, 2025.
In connection with his retirement, Mr. Tucker and Southern Company Services, Inc. ("SCS") expect to enter into a consulting agreement (the "Consulting Agreement"). Pursuant to the Consulting Agreement, it is expected Mr. Tucker will serve as a consultant to SCS from October 1, 2025 to September 30, 2027 and SCS will pay Mr. Tucker $300,000 in cash for each year of his consulting services. The foregoing description of the Consulting Agreement does not purport to be complete and is qualified by reference to the full text of the Consulting Agreement, a copy of which will be filed as an exhibit to Southern Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025.
Mr. Poroch, 56, has served as Comptroller of Southern Company since March 2023. Previously he served as Executive Vice President, Chief Financial Officer, Chief Risk Officer, and Treasurer of Southern Company Gas from January 2021 to February 2023. Prior to joining Southern Company Gas, he served at Georgia Power Company as Executive Vice President, Chief Financial Officer, and Treasurer from April 2019 to December 2020 and as Comptroller from August 2014 to August 2020.
Compensation decisions for Mr. Poroch in his new role have not yet been made; once available, any material changes to his compensation will be reported by an amendment to this Current Report on Form 8-K.
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