Curriculum Vitae
Members of the Board of Directors

Mr Xabier Sagredo Ormaza
Portugalete, Spain, 1972
Type
Independent director.
Committees
Chair of the Audit and Risk Supervision Committee.
Date of appointment and re-election as director of Iberdrola, S.A.
- 8 April 2016
- 19 February 2019
- 29 March 2019
- 28 April 2023
Holdings in share capital of Iberdrola, S.A.
45,075 shares (0.001%).
Professional profile and biographical data
Other current positions and professional activities
- He is an independent director of Tubacex, S.A. and a member of its Audit and Compliance Committee. Also, he is a member of the Management Council of Universidad de Deusto, and collaborates as visiting professor in several institutions.
Academic background
Degree in Economics and Business from Universidad del País Vasco, with a major in finance, and holder of several postgraduate degrees in different subjects and also of certified training on information technology risks.
Noteworthy experience in the energy and industrial engineering sectors
He has been a director of Iberdrola Generación, S.A.U. and a member of its Audit and Compliance Committee, as well as a director of Iberdrola Distribución Eléctrica, S.A.U. (currently i-DE Redes Eléctricas Inteligentes, S.A.U.), at which he has held the position of chair of the Audit and Compliance Committee.
Noteworthy experience in other industries
- He has been the director of the Expansion and Assets area of the credit institution Ipar Kutxa, managing director of the concessionaire Transitia, and a member of the Board of the Bilbao Port Authority.
- In addition, he has been chair and vice-chair of the Board of Directors of Caja de Ahorros Bilbao Bizkaia Kutxa, Aurrezki Kutxa eta Bahitetxea (BBK), and chair of its Audit Committee, as well as chair of the Board of Trustees of Fundación Eragintza. He has been chair of Bilbao Bizkaia Kutxa Fundación Bancaria-Bilbao Bizkaia Kutxa Banku Fundazioa and of BBK Fundazioa from its transformation in 2015 until December 2025.
- He has also been a trustee of Biocruces Health Research Institute, the Bilbao Museum of Fine Artes and the Guggenheim Museum Bilbao Foundation, at which he also served as a member of its Executive Committee. In addition, he has been a member of the Board of Directors of the Instituto Vasco de Competitividad Orkestra.
Other information
- In 2021 he received the “Top Talent Saria CEO” award from Grupo Noticias. In 2022 he received the “Tu Economía” award, in the Best Business Management category, by La Razón, and was also recognized in the Financial Organization category in the I Edition of the Carlos V Awards for Excellence Business, of Sociedad Europea de Fomento Social y Cultural. He was also elected CEO of the Year in the IX Edition of Premios Capital.