By Editors of Power Engineering
Following in the footsteps of its partner Santee Cooper, SCANA announced leadership changes as the fallout from the cancelled Summer nuclear expansion continues.
Kevin Marsh, Chairman and CEO of SCANA and its subsidiary South Carolina Electric & Gas Company, will retire, the company announced. Jimmy Addison will assume the role of CEO at SCANA, while Maybank Hagood, lead independent director, will become non-executive chairman of the board of directors.
“It has been an honor to serve as chairman and CEO of SCANA for the past six years and to have worked for the company since 1984,” Marsh said. “The ranks of SCANA and its subsidiaries are filled with dedicated employees and they will be in good hands under the leadership of Maybank Hagood as Chairman and Jimmy Addison as CEO.”
Additionally, Stephen Byrne will retire as senior vice president of SCANA and COO and president of generation and transmission of SCE&G. Keller Kissam will become president and COO of SCE&G. Iris Griffin will become CFO.
The moves come as SCANA continues to reel from the Summer Nuclear expansion, including investigations from two legislative panels, the South Carolina Law Enforcement Division, a federal grand jury and the Securities and Exchange Commission. Investors, contractors and customers have filed dozens of lawsuits against the company.
The same day as the leadership reorganization, SCANA announced a $210 million blow to profits from the abandoned Summer expansion.
Lonnie Carter, CEO of Santee Cooper, announced his retirement in August shortly after the Summer expansion was officially cancelled.