Southern Company announces leadership changes in finance team

ATLANTA - Southern Company (NYSE:SO), a $105 billion utility giant currently trading near its 52-week high, announced Tuesday two key leadership changes in its Accounting, Finance, and Treasury organization effective July 31.

Matt Kim, currently senior vice president of finance and treasurer, will become senior vice president, comptroller, and chief accounting officer. In this role, Kim will oversee accounting policy and research, external financial reporting, payroll, accounts payable, and accounting controls for the utility provider, which generated nearly $28 billion in revenue over the last twelve months. Kim has held various senior vice president positions in Southern Company’s finance organization since 2022.

Aaron Abramovitz, currently executive vice president, CFO, and treasurer of Georgia Power Company, will succeed Kim as senior vice president of finance and treasurer for Southern Company. Abramovitz will lead the company’s treasury and financial planning teams, oversee financial planning, budget, reporting, financing, and cash management. He will also manage Southern Company’s Investor Relations activities, working with incoming CFO David Poroch.

Abramovitz has held various leadership positions across the company and its subsidiaries over the past 23 years, including director of investor relations for Southern Company and vice president of business operations for Southern Nuclear.

Southern Company serves 9 million customers across the Southeast through its family of companies, which include electric operating companies in three states and natural gas distribution companies in four states, according to the company’s press release statement. The company maintains a strong dividend track record, having raised its dividend for 23 consecutive years, with a current yield of 3.12%. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Southern Company has been the subject of several notable developments. BMO Capital has raised its price target for Southern Company to $102 while maintaining an Outperform rating, although it expects second-quarter earnings to be slightly below consensus estimates at $0.87 per share. Barclays also adjusted its price target for the company to $91, citing the incorporation of $10-15 billion in additional capital into future plans. Southern Company announced a regular quarterly dividend of 74 cents per share, marking 78 consecutive years of dividend payments. In leadership changes, Hans Brown has been appointed as executive vice president and Chief Information Technology Officer, effective July 31. Additionally, John M. Turner, Jr., CEO of Regions Financial Corporation, will join the board of directors starting September 1, 2025. These recent developments highlight the company’s ongoing strategic initiatives and leadership enhancements.

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