Thomas A.  Fanning net worth and biography

Thomas Fanning Biography and Net Worth

CEO of Southern
Thomas A. (Tom) Fanning is chairman, president and chief executive officer of Southern Company, America’s premier energy company. Elected by the board of directors in July 2010, he became president of Southern Company in August 2010, and assumed the additional responsibilities of chairman and CEO in December 2010.

He has worked for Southern Company for more than 38 years and has held 15 different positions in eight different business units, including numerous officer positions with a variety of Southern Company subsidiaries in the areas of finance, strategy, international business development and technology.

Fanning is co-chair of the Electricity Subsector Coordinating Council, which serves as the principal liaison between the federal government and the electric power sector to protect the electric grid from threats that could impact national security, including cyber and physical terrorism as well as natural disasters. He also collaborates with the Tri-Sector Executive Working Group, which was formed by the electricity, finance, and communications sectors to enhance national and economic security by developing a cross-sector strategic framework to address existential threats, risk and consequence management.

His leadership in the cybersecurity area was recognized by the U.S. Senate in 2019 with an appointment to the Cyberspace Solarium Commission, a group developing a protection strategy for the cyberspace interests of the United States.

From 2012-2018, Fanning served on the board of directors of the Federal Reserve Bank of Atlanta and is a past chairman. He is also a past chairman of the Conference of Chairs of the Federal Reserve Banks and the Edison Electric Institute (EEI).

Fanning sits on the advisory board of the Georgia Tech Scheller College of Business, the board of trustees of the Georgia Tech Foundation, the board of directors of the Institute of Nuclear Power Operations and the regional governing board of the World Association of Nuclear Operators’ Atlanta Centre. He also serves on the board of directors of Vulcan Materials Company and is a member of the Business Roundtable. Fanning also is a member of the international advisory board of the Atlantic Council, which promotes constructive leadership and engagement in international affairs, and the American Energy Innovation Council, a group of America’s leading business executives working to build broad bipartisan support for public and private investments in innovation.

Recent accolades include being named CEO of the Year at the 2018 S&P Global Platts Global Energy Awards which honor individuals in the energy industry dedicated to achieving excellence, improving the industry and creating new solutions to better serve customers. He also has been awarded EEI’s Distinguished Leadership Award by his industry peers for his significant contributions and commitment to the electric power industry and is the 2018 recipient of the American Football Coaches Foundation’s CEO Coach of the Year Award.

Fanning earned bachelor’s and master’s degrees in industrial management and also was awarded an honorary Doctor of Philosophy degree from Georgia Tech. His executive education includes programs at the International Institute for Management Development in Lausanne, Switzerland, Harvard Business School and the University of Virginia Darden School of Business.

Fanning lives in Atlanta with his wife, Sarah, and has four children.

What is Thomas A. Fanning's net worth?

The estimated net worth of Thomas A. Fanning is at least $69.95 million as of June 9th, 2023. Mr. Fanning owns 844,239 shares of Southern stock worth more than $69,953,644 as of December 23rd. This net worth approximation does not reflect any other assets that Mr. Fanning may own. Learn More about Thomas A. Fanning's net worth.

How do I contact Thomas A. Fanning?

The corporate mailing address for Mr. Fanning and other Southern executives is 30 Ivan Allen Jr. Boulevard N.W., Atlanta GA, 30308. Southern can also be reached via phone at (404) 506-5000 and via email at [email protected]. Learn More on Thomas A. Fanning's contact information.

Has Thomas A. Fanning been buying or selling shares of Southern?

Thomas A. Fanning has not been actively trading shares of Southern during the last quarter. Most recently, Thomas A. Fanning sold 50,000 shares of the business's stock in a transaction on Friday, June 9th. The shares were sold at an average price of $70.76, for a transaction totalling $3,538,000.00. Following the completion of the sale, the director now directly owns 844,239 shares of the company's stock, valued at $59,738,351.64. Learn More on Thomas A. Fanning's trading history.

Who are Southern's active insiders?

Southern's insider roster includes Bryan Anderson (EVP), Art Beattie (Insider), William Bowers (CEO), Stan Connally (CFO), Mark Crosswhite (CEO), Christopher Cummiskey (EVP), Ann Daiss (Insider), Martin Davis (EVP), Sloane Drake (EVP), Thomas Fanning (CEO), David Grain (Director), Kimberly Greene (CEO), James Kerr, II (EVP), Stephen Kuczynski (CEO), Mark Lantrip (Insider), Ernest Moniz (Director), Sterling Spainhour, Jr. (EVP), Daniel Tucker (CFO), Anthony Wilson (CEO), and Christopher Womack (Chairman of the Board, President and CEO). Learn More on Southern's active insiders.

Are insiders buying or selling shares of Southern?

In the last year, insiders at the utilities provider sold shares 12 times. They sold a total of 94,139 shares worth more than $7,547,036.32. The most recent insider tranaction occured on December, 5th when EVP Martin Bernard Davis sold 1,170 shares worth more than $100,503.00. Insiders at Southern own 0.2% of the company. Learn More about insider trades at Southern.

Information on this page was last updated on 12/5/2024.

Thomas A. Fanning Insider Trading History at Southern

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
6/9/2023Sell50,000$70.76$3,538,000.00844,239View SEC Filing Icon  
5/10/2023Sell50,000$75.16$3,758,000.00847,592View SEC Filing Icon  
12/19/2019Sell2,066,499$62.99$130,168,772.011,236,147View SEC Filing Icon  
9/5/2014Sell1,049,185$44.50$46,688,732.50View SEC Filing Icon  
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Thomas A. Fanning Buying and Selling Activity at Southern

This chart shows Thomas A Fanning's buying and selling at Southern by year and by quarter.

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Southern Company Overview

Southern logo
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations. In addition, it owns and operates nuclear, coal, hydro, cogeneration, solar, wind, battery storage, and fuel cell facilities. Further, the constructs, operates, and maintains approximately 77,900 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.9 million electric and gas utility customers. Further, it develops distributed energy and resilience solutions; deploys microgrids for commercial, industrial, governmental, and utility customers; and offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
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Today's Range

Now: $82.86
Low: $81.40
High: $83.10

50 Day Range

MA: $88.00
Low: $81.50
High: $94.15

2 Week Range

Now: $82.86
Low: $65.80
High: $94.45

Volume

7,711,031 shs

Average Volume

4,425,100 shs

Market Capitalization

$90.79 billion

P/E Ratio

19.27

Dividend Yield

3.46%

Beta

0.51