Knoxville, Tenn., August 15, 2012 — TVA's board of directors has a process under way to recommend a new president and CEO for TVA.
The board panel is retaining an executive search firm to identify candidates to succeed Tom Kilgore, TVA's president and CEO. Kilgore announced his intention to retire by the end of 2012 at the August TVA board meeting. He will continue to serve as president and CEO until completion of the search process and a successor is hired.
"I look forward to working more on my farm," said Kilgore, who grew up in northeast Alabama. "And I am proud of TVA's focus on low rates, clean, reliable energy and enhancing the economic growth in the Tennessee Valley."
Bill Sansom, chairman of the TVA board, said, "All of us across the Tennessee Valley appreciate the vision and leadership that Tom has brought to TVA. Our job is to identify the next experienced leader for TVA."
The TVA, a corporation owned by the U.S. government, provides electricity for business customers and distribution utilities that serve 9 million people in parts of seven southeastern states at prices below the national average. TVA, which receives no taxpayer money and makes no profits, also provides flood control, navigation and land management for the Tennessee River system and assists utilities and state and local governments with economic development.