Alabama Power president and CEO Mark Crosswhite announced Monday his retirement from the company at the end of 2022.
Crosswhite said in a statement he was retiring from the president and CEO position on December 31.
"Having the privilege of leading Alabama Power has been the high point of my career," Crosswhite stated. "It has been an honor working for a company that for more than a century has been dedicated to serving communities across Alabama. As I approach my 60th birthday, though, I have come to realize it is time for me to spend more time with my family."
Crosswhite served as Alabama Power president and CEO for more than eight years, according to the company.
Crosswhite is a native of Decatur. He earned a bachelor's degree in 1984 from the University of Alabama in Huntsville (UAH) and a Juris Doctor from the University of Alabama School of Law in 1987.
Alabama Power, as a company and through its various political action committees (PACs), gives large amounts of money to political candidates and PACs throughout the state.
The company listed "collaborating with state government and other economic development officials and stakeholders to build a robust innovation economy in the state" as one of Crosswhite's accomplishments at Alabama Power in their statement announcing his retirement.
The utility company issued a statement recently announcing a rate hike in December, saying most residential customers can expect to see an extra $10 on their monthly bill. They also recommend using an Air Fryer during Thanksgiving to save on energy costs.
Crosswhite is co-chair of Gov. Kay Ivey's 2023 inaugural committee, according to Alabama Power's statement.
According to a Form 8-K filing with the Securities and Exchange Commission, Crosswhite is expected to stay with Alabama Power from December 31 to June 30, 2023, as a consultant paid $125,000.
According to Alabama Power, his successor will be named at a later date.
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