Bill Timmerman will retire as president and chief executive of Cayce-based energy giant SCANA Corp. Nov. 30, the company announced today.
Kevin Marsh, currently president and chief operating officer for SCANA subsidiary S.C. Electric & Gas, has been elected by the board of directors to replace the 64-year-old Timmerman.
Marsh, 55, will be the companys seventh chief executive since it became a publicly traded company in 1946. Marsh started today serving as president and chief of operations for SCANA through the transition. The company is the only Fortune 500 firm based in South Carolina.
I believe retiring at the end of this year provides for a smooth transition and is appropriate as the company enters a period of new nuclear construction. The leadership team currently in place is clearly prepared and already doing an outstanding job and I look forward to their continued successes in my retirement later this year, Timmerman said in a statement.
The company, which last year built a new corporate headquarters in Cayce, is in the middle of a nearly $10 billion project to build two new nuclear reactors in Fairfield County.