Valerie Montgomery Rice named to Georgia Power Board of Directors

Rhea-AI Summary

Georgia Power (NYSE: SO) has appointed Dr. Valerie Montgomery Rice to its Board of Directors. Dr. Montgomery Rice currently serves as the president and CEO of Morehouse School of Medicine (MSM), where she has been since 2011 as the first woman to lead the institution.

Under her leadership, MSM has expanded its presence across Georgia through regional medical campuses in Albany and Columbus, focusing on healthcare education and workforce development. Dr. Montgomery Rice brings extensive experience in healthcare leadership and civic engagement, serving on boards including UnitedHealth Group and the Atlanta Metro Chamber.

Georgia Power has demonstrated significant commitment to education, contributing $10.6 million to education initiatives in 2024. The company's parent, Southern Company, launched a $50 million multi-year initiative in 2020 supporting HBCUs with scholarships, internships, and leadership development programs.

Positive

• Appointment of highly qualified board member with extensive healthcare and leadership experience
• Strategic alignment with company's community development goals
• Demonstrates commitment to diversity in leadership

Negative

• None.

News Market Reaction – SO

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+0.71% News Effect

On the day this news was published, SO gained 0.71%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ATLANTA, Aug. 7, 2025 /PRNewswire/ -- Georgia Power announced today that it has elected Valerie Montgomery Rice, MD, FACOG, to the company's board of directors. Montgomery Rice currently serves as the president and CEO of Morehouse School of Medicine (MSM), an institution she has served since 2011. A renowned infertility specialist and researcher, she was the first woman named to lead the freestanding medical institution, which is among the nation's leading educators of primary care physicians and recognized as the top institution among U.S. medical schools for social missions.

Under her leadership, MSM has extended its impact across Georgia – beyond metro Atlanta – through the creation of regional medical campuses in Albany and Columbus. These sites are not only expanding access to health education but are also driving local workforce development, strengthening regional infrastructure, and supporting long-term economic growth. By training and retaining talent in resource-limited areas, MSM plays a critical role in building stronger communities – goals that directly align with Georgia Power's longstanding commitment to citizenship and uplifting the communities in which it operates.

"Valerie is an incredible leader who has helped Morehouse School of Medicine grow and excel across the board – from enrollment, to research, to evolving into a dynamic Georgia healthcare network with a community focus that positively impacts the lives of thousands of Georgians every day," said Kim Greene, chairman, president and CEO of Georgia Power. "Valerie knows our state. She is well respected by the medical community, as well as business and civic leaders across the country, and she brings incredible leadership capability that will help us better serve customers and drive superior performance to meet the energy needs of a growing Georgia. I'm very excited to welcome her to our board."

Prior to joining MSM, Montgomery Rice held faculty positions and leadership roles at various health centers, including academic health centers, and, notably, was founding director of the Center for Women's Health Research at Meharry Medical College, one of the nation's first research centers devoted to studying diseases that disproportionately impact women of color. She is widely recognized for her transformational leadership and strategic acumen, with a track record of redesigning complex organizations to reflect evolving needs. Her efforts consistently focus on building institutional strength, advancing economic mobility, and increasing opportunity in communities often left behind.

Montgomery Rice also brings extensive civic and economic leadership experience to Georgia Power, having served on diverse national boards such as UnitedHealth Group, as well as Georgia-focused boards such as the Executive Committee of the Atlanta Metro Chamber, the Georgia Research Alliance, and the Georgia Commission on Women. Through these roles, she helps shape statewide strategies for innovation, education, and inclusive growth – contributing to Georgia's leadership in competitiveness and opportunity.

A Georgia native, Montgomery Rice holds a bachelor's degree in chemistry from the Georgia Institute of Technology, a medical degree from Harvard Medical School, and several honorary degrees. A host of institutions and organizations have honored her for contributions to health and educational excellence and community support, including the Horatio Alger Association of Distinguished Americans and the 2017 Horatio Alger Award. For three consecutive years (2016-2018) and again in 2021 and 2022, Georgia Trend Magazine selected Montgomery Rice as one of the 100 Most Influential Georgians. Read more here.

Georgia Power's Commitment to Higher Education & HBCUs
Georgia Power is committed to empowering education at all levels, with more than $10.6 million contributed to education-related initiatives in 2024 alone. The company's support of Historically Black Colleges and Universities (HBCUs) such as Morehouse School of Medicine spans decades. In 2019, Georgia Power received MSM's 2019 Louis C. Brown MD Vanguard Award for its leadership in improving health and wellbeing in Georgia and, in 2020, the Southern Company system announced a $50 million multi-year initiative to provide students attending HBCUs with scholarships, internships, leadership development, and access to technology and innovation to support career readiness. Most recently, in 2023, MSM received funding from the Georgia Power Foundation to support full scholarships for 12 of its students.

To learn more, visit Georgia Power's Environmental Impact & Initiatives.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

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SOURCE Georgia Power

FAQ

Who is Dr. Valerie Montgomery Rice and what is her new role at Georgia Power (NYSE: SO)?

Dr. Valerie Montgomery Rice is the president and CEO of Morehouse School of Medicine who has been appointed to Georgia Power's Board of Directors. She is a renowned infertility specialist and the first woman to lead MSM.

What experience does Dr. Montgomery Rice bring to Georgia Power's board?

Dr. Montgomery Rice brings extensive healthcare leadership experience, serving on boards including UnitedHealth Group and the Atlanta Metro Chamber. She has expertise in organizational transformation and community development through her leadership at Morehouse School of Medicine.

How much has Georgia Power invested in education initiatives?

Georgia Power contributed $10.6 million to education initiatives in 2024, and through Southern Company, launched a $50 million multi-year initiative in 2020 supporting HBCUs with scholarships and development programs.

What are Dr. Montgomery Rice's major achievements at Morehouse School of Medicine?

Under her leadership, MSM expanded across Georgia with new campuses in Albany and Columbus, focusing on healthcare education and workforce development. She has been recognized among Georgia Trend Magazine's 100 Most Influential Georgians multiple times.