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Thirteen months after joining the board of the Tennessee Valley Authority, Decatur, Alabama businessman James "Skip" Thompson was elected chairman of the TVA board today, effective in May.

Thompson serves as president and CEO of Corporate Billing LLC, a subsidiary of the National Bank of Commerce in Birmingham, Alabama and has chaired TVA's audit committee for the past year.

Thompson, one of seven TVA directors, will serve as chairman of the board from May 2019 to May 2021.

TVA Director Gina Lodge, who nominated Thompson to head the TVA board, praised Thompson for his expertise and work on the board.

"His professional business acumen make him an obvious choice," she said.

Thompson was one of four directors appointed to the TVA board during President Trump's first year in office.

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