Pedro Azagra New CEO of the Iberdrola Group

The Board of Iberdrola, S.A. has appointed Pedro Azagra as Group CEO, who until now has held the position of CEO of the USA subsidiary, replacing Armando Martínez.

Pedro Azagra has been with Iberdrola for 25 years, first as Executive Director of Development with responsibility for the Company's international expansion, and for the past three years as CEO of Iberdrola's subsidiary in the United States.

Pedro Azagra earned a degree in Law and Business Administration from the Instituto Católico de Administración y Dirección de Empresas (ICADE) at the Universidad Pontificia de Comillas in Madrid, where he has been imparting his knowledge as professor of Corporate Finance and Mergers and Acquisitions.

With an MBA from the University of Chicago (United States), he developed his professional career in the investment banking division of Morgan Stanley until joining the Iberdrola Group.

Until now, he has been CEO of Iberdrola's subsidiary in the United States, President of Avangrid Power and Avangrid Networks, and he currently serves on the Board of Directors and Audit Committee of Neoenergia, Iberdrola's Brazilian subsidiary.

The position of CEO in the USA will be filled by José Antonio Miranda, current CEO of Avangrid Power. He has extensive leadership experience in the industry.

He earned a master´s degree in industrial engineering from the University of Oviedo and an MBA from ICADE. He served as CEO of Gamesa in China and the USA. He serves on the board of American Clean Power and is a member of the International Renewable Energy Agency (IRENA).

Updated at 17:45 UTC +02:00.