Pedro Azagra Blázquez has formally assumed the position of CEO of AVANGRID Inc. He has served as a member of AVANGRID’s board of administrators since 2019, and beforehand served as a member of the board of administrators from 2014 to 2018. He additionally serves as a member of the chief committee of the board of administrators and the particular committee of the board of administrators, which is answerable for, amongst different issues, aiding the board of administrators with oversight of the New England Clear Vitality Join (NECEC) transmission line undertaking.
“I’m honored to guide AVANGRID as we proceed to speed up the transformation to a clear vitality future,” states Azagra. “AVANGRID is a real chief in ESG+F. I’ve had the privilege to be concerned with the group for a few years, together with main the corporate into the offshore wind area, and I’m pleased with AVANGRID’s management within the vitality business. I sit up for taking our firm to the following degree as we proceed to lift the bar, be daring and suppose innovatively.”
Azagra serves because the chief growth officer for Iberdrola S.A., the place he has executed greater than 100 transactions and led the worldwide enlargement of Iberdrola. As well as, he serves as a member of the board of administrators of Neoenergia S.A., a member of the Iberdrola group of firms listed on the São Paulo Inventory Alternate.
“Pedro’s substantial expertise within the Iberdrola Group, globally and within the U.S., in addition to the robust relationships he has constructed within the nation over time, make him a pure selection to guide the corporate and execute our long-term technique,” says Ignacio Galán, chairman of AVANGRID. “Pedro is aware of the U.S. market properly. I’m very assured that underneath his management we are going to proceed to construct on AVANGRID’s robust popularity as a number one sustainable vitality firm within the U.S., each in networks and renewables.”
Along with serving on AVANGRID’s board of administrators, Azagra has suggested the corporate in reference to the merger proceedings with PNM Assets and beforehand led the $4.7 billion acquisition and integration of Vitality East Corp. in 2008 and the $17.9 billion merger and integration of AVANGRID (previously often called Iberdrola USA) and UIL Holdings in 2015. He additionally led AVANGRID’s entry into the U.S. offshore business via the three way partnership his workforce developed with Copenhagen Infrastructure Companions. In these and in different necessary AVANGRID issues, he led regulatory technique and often supplied testimony on governance commitments and buyer advantages.
Previously, Azagra led the U.S. companies of Iberdrola Group and served as director of technique. He beforehand served as a member of the board of administrators of Vitality East, Rochester Fuel and Electrical, and New York State Electrical & Fuel.