CEO of $2.7 billion firm to retire

TAMPA — John Ramil, president and CEO of TECO Energy, will retire on Aug. 31 after a 40-year career with the company.

The retirement will come after the company's deal to be purchased by Nova Scotia-based Emera Inc. closes, a statement says. Emera purchased TECO Energy, which reported $2.74 billion in revenue last year, in September 2015 for $10.4 billion.

Ramil joined TECO in March 1976 as a cooperative education student, the statement says. He became president in 2004, a board member in 2008 and CEO in 2010. After the transaction closes, Ramil will serve on Emera's board, according to the statement.