Avangrid has reaffirmed its commitment to invest in the US at its 2023 Annual Shareholder Meeting in Boston, Massachusetts.
Shareholders overwhelmingly approved all presented proposals. With overwhelming participation, approximately 98.5% of the shares present by proxy or in person, the vote indicates strong shareholder support for Avangrid’s strategic direction and governance system the company said.
The chairman of Avangrid’s board of directors, Ignacio Galán, addressed shareholders at the event. During his remarks, he reaffirmed the company’s investment commitment to accelerating the energy transition: “Now more than ever, we need to move forward on energy autonomy and decarbonization.
“Avangrid is ready to lead the US to a clean energy future and provide our customers with more secure, sustainable and affordable energy. Our efforts will also create jobs and economic growth, promote environmental and social justice, and invest in our communities,” he added.
The Avangrid shareholders voted to elect each of the 14 nominees to the board of directors to serve one-year terms expiring at the company’s 2024 annual meeting. They also voted to ratify the appointment of Avangrid’s independent public accounting firm, approve on an advisory basis the compensation of its named executive officers, and approve amendments to Avangrid’s by-laws to implement committee changes.
“Avangrid is proud to play a critical role in the United States’ energy transition and be a central part of history in the making,” said Avangrid chief executive Pedro Azagra.
“We have a more than 20-year history of commitment to clean energy as part of the Iberdrola Group, giving us the experience and dedication to build a clean energy future for all,” he added.
“We will do this through the expansion of smart grids, continued transmission development, robust renewables growth and the development of green hydrogen.”