Today, Europe’s largest utility, Iberdrola, has appointed the head of its U.S. subsidiary as the company’s new CEO. The move comes as the firm aims to expand its renewables and grid operations further in the U.S.
Iberdrola’s new CEO, Pedro Azagra, has been with the company for 25 years. Recently, Azagra has taken charge of the company’s international expansion, and for the past three years, he has been highly focused on growing in the United States.
Ignacio Galán, Iberdrola’s Executive Chairman told investors, “We are very proud of what we have been building at Iberdrola over the last two decades − in line with our century-long history. And we want to continue driving the transition towards an energy system based on renewable energy, grids and storage.”
Recently, Galán participated in the Global Trends 2025 Forum organised by the U.S. Chamber of Commerce, where he stressed that electrification is the fundamental pillar to guarantee strategic autonomy, industrial competitiveness and environmental sustainability.
Iberdrola states that global electricity demand will double within 15 years due to new technological advances.
Azagra will replace current CEO Armando Martinez, effective immediately.
By CEO NA Editorial Staff
