Iberdrola CEO Pedro Azagra Recognized as CEO of the Year - Runner Up

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10/01/2025

Iberdrola CEO Pedro Azagra Recognized as CEO of the Year - Runner Up

Iberdrola CEO Pedro Azagra Recognized as CEO of the Year - Runner Up

CEO Magazine recognizes Azagra out of 13,000 applicants for his exceptional leadership at Avangrid

Pictured above: Iberdrola CEO Pedro Azagra

Orange, CT. - October 1, 2025 - Avangrid, Inc., a leading energy company and member of the Iberdrola Group, announced that Iberdrola CEO Pedro Azagra has been named CEO of the Year- Runner Up by CEO Magazine recognizing his past tenure as CEO of Avangrid. Pedro Azagra's recognition as CEO of the Year- Runner Up for his leadership at Avangrid is powerfully affirmed by his recent promotion to CEO of Iberdrola, underscoring how his strategic vision and impact in the U.S. positioned him to lead one of the world's largest energy companies.

"Pedro's recognition as CEO of the Year Runner-Up is a testament to his leadership and unwavering commitment to the US energy future," said Avangrid CEO Jose Antonio Miranda. "His promotion to CEO is well-deserved and I'm proud to see his vision and success celebrated on a global stage."

Azagra was selected from a pool of 13,000 applicants and selected by an elite panel of judges that reviewed his leadership against six criteria:

• Visionary Leadership - advancing growth, innovation, and transformation.
• Financial Performance and Growth - demonstrating fiscal responsibility and sustainable results.
• Employee Engagement and Culture - fostering an inclusive, positive workplace.
• Customer Impact - building loyalty through exceptional service.
• Community & Environmental Responsibility - driving societal value and sustainability.
• Innovation and Problem-Solving - delivering creative solutions with measurable impact.

Azagra brings more than two decades of international executive experience to his leadership at Iberdrola. Prior to his role of CEO of Avangrid, he served as Chief Development Officer and a member of the Operating Committee of Iberdrola, S.A, Avangrid's majority shareholder. In that role, he was the architect behind Iberdrola's expansion into key global markets, accelerating growth across Europe, Latin America, and the United States.

His global experience is underscored by a career of high-impact transactions. Pedro has led the execution and integration of more than 120 major deals totaling over $120 billion, directly enabling Iberdrola's entry into the U.S., U.K., Brazil, France, Japan, Australia, and other strategic markets. These efforts not only increased shareholder value but advanced energy adoption on a global scale.

Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies - a ranking of America's best corporate citizens - in 2025 for the fifth consecutive year. The company was named among the World's Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is committed to providing a safe and healthy workplace and has embedded a safety-first culture across its operations. This focus on safety, inclusion, and respect fuels high employee satisfaction and strengthens the company's ability to deliver reliable service to 3.4 millions of customers every day.

With more than 10.5 gigawatts (GW) of generation capacity in 24 states and assets including gas and electric utilities throughout the northeast, Avangrid serves over 6 million homes and businesses across the U.S. Avangrid continues to expand its energy portfolio investing heavily in U.S. grid energy infrastructure.