Southern Company announces CFO transition as Tucker plans to retire

ATLANTA - Southern Company (NYSE:SO), a utility giant with a market capitalization of $102.5 billion, announced Friday that Chief Financial Officer Daniel S. Tucker plans to retire, with David P. Poroch set to succeed him effective July 31, 2025. The company’s stock is currently trading near its 52-week high of $94.45, reflecting strong market confidence. According to InvestingPro analysis, Southern Company appears to be fairly valued based on its current Fair Value assessment.

Tucker, who has served as CFO since September 2021, will transition to a senior advisory role reporting to CEO Chris Womack until his retirement on October 1, 2025. He joined Southern Company in 1998 and has held various leadership positions during his tenure.

Poroch, currently senior vice president, comptroller and chief accounting officer, brings extensive experience to the CFO role. He joined Southern Company in 2012 and has served in multiple financial leadership positions across the organization, including executive roles at Georgia Power and Southern Company Gas.

"David has a deep understanding of our business — serving in multiple financial and regulatory leadership roles across our operating companies," said Womack in the press release.

Prior to joining Southern Company, Poroch was a partner with Deloitte & Touche LLP, where he gained nearly two decades of experience in the utilities sector.

Both Poroch and Tucker will participate in Southern Company’s second quarter earnings call scheduled for July 31, 2025.

Southern Company is an energy provider serving 9 million customers across the Southeast through its family of companies, which includes electric operating companies in three states and natural gas distribution companies in four states.

The announcement was made in a company press release issued Friday.

In other recent news, Southern Company reported first-quarter earnings with an earnings per share (EPS) of $1.23, surpassing the consensus estimate of $1.20. Scotiabank maintained its Sector Outperform rating with a price target of $98, highlighting the company’s predictable earnings growth and favorable regulatory environment. Southern Company also upsized its convertible notes offering to $1.45 billion, with plans to use the proceeds for repurchasing existing notes and paying down commercial paper borrowings. In terms of growth prospects, Jefferies upgraded Southern Co. from Hold to Buy, adjusting the price target to $100, citing potential wins in upcoming requests for proposals (RFPs) and projected earnings growth. The company has also completed renewable natural gas (RNG) deals through its subsidiaries, Virginia Natural Gas and Chattanooga Gas, which are expected to significantly reduce lifecycle emissions. Furthermore, Jefferies reiterated its Buy rating, emphasizing Southern’s regulatory stability and growth opportunities through its Georgia Integrated Resource Plan. These developments collectively underscore Southern Company’s strategic moves and financial performance in recent times.

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