William "Bill" Dean Johnson, president and CEO of the Tennessee Valley Authority, announced his retirement from the federal agency on Wednesday.
Mr. Johnson, who joined TVA in 2013, will turn 65 in January.
He is TVA’s second CEO.
Senator Bob Corker said, “Bill Johnson took the helm at a very important time for TVA and has exceeded all expectations.
“With a focus on economic development, improving rate competitiveness, reducing debt, and increasing customer satisfaction, Bill and his team have ensured TVA will continue to play a critical role in the economic success of the Tennessee Valley for decades to come. I thank Bill for his service and look forward to continued strong leadership from the next president and CEO.”