Southern Company Senior Vice President Warren Jobe announces retirement

ATLANTA –Southern Company Senior Vice President Warren Jobe announced his retirement today, effective June 1.

Jobe has served in several executive and senior level positions at both Georgia Power and Southern Company. In his current role, he represents the company on various civic and community projects and concurrently serves as executive vice president of Georgia Power and president of the Georgia Power Foundation. He served under five different Georgia Power presidents during his tenure: Bob Scherer, Jim Miller, Bill Dahlberg, Allen Franklin and David Ratcliffe.

“Warren’s departure will leave a void within the company, and we are grateful for his dedication, wisdom, leadership and community service throughout his 30 years,” said Southern Company President and CEO Allen Franklin. “We have become deeply entwined with the community through his efforts.”

Jobe said it is time to move on for several reasons: He just turned 60, he has been with the company exactly half his life, the company is in excellent shape and on track for the April 2 spinoff of Mirant, and he is in good health.

“I’m lucky to have worked for a company that allowed me to be so involved in the community. I was an accountant who was allowed to remove the proverbial “green eyeshade,” said Jobe.

Before his current position, Jobe was executive vice president and chief financial officer of Georgia Power from 1982 to 1998, and at 16 years, made him the longest to have ever served in that position. He also served on the board of directors during that time. Previous to that, he held several positions in the accounting and finance organization, progressing from assistant comptroller to senior vice president of the organization in 1981. Prior to his joining Southern Company in 1971, Jobe worked as a tax manager for Arthur Andersen from 1963-1971.

He has served as chairman of various industry, professional and community organizations, including the Edison Electric Institute Finance Committee, the Financial Executive Institute, Atlanta Rotary Club, Georgia Council on Economic Education and the YMCA of Metro Atlanta. Also, he currently serves on numerous other nonprofit boards, including the National Science Center, The Carter Center and Hands on Atlanta; and he was a member of the Board of Regents of the University System of Georgia. He earned the Georgia Society of Certified Public Accountants Award for Outstanding Member in Industry in 1996 and the 1997 YMCA of Metropolitan Atlanta Bransby Christian Leadership Award. Throughout his career, Jobe spearheaded several fundraising campaigns that have raised more than $75 million for the community.

Jobe intends to remain heavily involved in the community. Just one week ago he was elected to the board of directors of WellPoint Health Networks, a NYSE company ranked by Fortune magazine as America’s Most Admired Company in the health care field. He is currently Chairman of the Board of Trustees at Oglethorpe University, and will continue to serve in that capacity. He will continue to work as chairman of the $15 million Piedmont Park Conservancy Capital Campaign and the $9 million Georgia Golf Hall of Fame Capital Campaign. He will also continue to lend his expertise to Southern Company as a senior consultant on various projects.