The board of Iberdrola has appointed Pedro Azagra as the new group chief executive, replacing Armando Martínez.
Azagra (pictured), who has been with Iberdrola for 25 years, has been the CEO of the company’s US subsidiary for the past three years.
He first joined Iberdrola as executive director of development with responsibility for the company’s international expansion.
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, he developed his professional career in the investment banking division of Morgan Stanley until joining the Iberdrola Group.