Iberdrola names new CEO

Iberdrola has appointed Pedro Azagra group CEO, replacing Armando Martínez.

Azagra has been with Iberdrola for 25 years, starting as executive director of development leading the company's international expansion and then as CEO of Iberdrola's subsidiary in the US for the past three years.

He 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 serving as professor of corporate finance and mergers and acquisitions.

Following a master's degree from the University of Chicago, he developed his professional career in the investment banking division of Morgan Stanley until joining the Iberdrola Group.

He has also previously served as 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.

José Antonio Miranda, current CEO of Avangrid Power, will take on the role of CEO of Iberdrola's US subsidiary. He earned a master's degree in industrial engineering from the University of Oviedo and a master's degree from ICADE. He served as CEO of Gamesa in China and the US. He serves on the board of American Clean Power and is a member of the International Renewable Energy Agency (IRENA).