Tennessee Valley Authority President and CEO Bill Johnson announced Thursday he plans to retire following the search for a successor.
Johnson joined TVA in 2013 and turns 65 in January. The TVA Board says it is actively conducting an internal and external search and Johnson will remain in the position until his successor is chosen.
Johnson is the second-ever CEO of TVA. A news release from TVA touts his accomplishments, which include reducing TVA’s debt by $3.5 billion, reducing the effective price of energy for for TVA customers by two percent, completing a $1 billion clean-air improvement project at the Gallatin Fossil Plant and more.
“Bill Johnson has done a terrific job. His strong leadership and deep industry expertise steered TVA on a course for long-term future success. He improved TVA’s financial health and operational performance, engaged TVA employees and established better relationships with our customers, elected officials, industry regulators and community leaders,” said TVA Board Chair Richard Howorth. “On behalf of the entire Board, I thank him for his dedicated service thus far and his willingness to continue serving until we identify the next leader for this important organization.”