Pedro Azagra Blázquez is the CEO of Avangrid, Inc. and was appointed to the role in March 2022 after serving as the Chief Development Officer of Iberdrola for 14 years. He holds a unique blend of education with a business...

Pedro Azagra Blázquez is the CEO of Avangrid, Inc. and was appointed to the role in March 2022 after serving as the Chief Development Officer of Iberdrola for 14 years. He holds a unique blend of education with a business and law degree from Universidad Pontificia de Comillas and an MBA from the University of Chicago. His extensive experience in finance and strategy has made him a valuable leader in the energy sector. At Avangrid, he oversees the company's mission of sustainable energy and leads initiatives focused on reducing carbon emissions. Under his guidance, Avangrid aims to reach carbon neutrality by 2035. He also has an impressive academic background, having taught Corporate Finance and Mergers at his alma mater since 1998. Interestingly, Pedro has served on multiple boards, including that of Neoenergia in Brazil, highlighting his deep involvement in the energy industry across continents. In addition to his professional accolades, he's shown interesting investment behavior with significant insider trading activity, indicating a strong confidence in Avangrid's future.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Avangrid CEOs

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Pedro Azagra Blázquez

CEO of Avangrid

Education

Business degree and a law degree from Universidad Pontificia de Comillas and an MBA from the University of Chicago

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Utilities

CEO of Avangrid for

3 years 0 months (May 2022 - Present)

Previous Experience

Chief Development Officer of Iberdrola, S.A.

Rivals

Competitors/colleagues of Pedro Azagra Blázquez

Holdings

See how much did Pedro Azagra Blázquez make over time.

Pedro's insider trading shows that he has been quite active in buying Avangrid stock, showing a commitment to the company. In January 2023, he made one of his biggest trades, worth roughly $1.38 million, which reflects his belief in Avangrid's...

Pedro's insider trading shows that he has been quite active in buying Avangrid stock, showing a commitment to the company. In January 2023, he made one of his biggest trades, worth roughly $1.38 million, which reflects his belief in Avangrid's growth potential. Throughout 2023 and into 2024, his trades fluctuated significantly, with values ranging from about $338K to over $1.5 million in individual months. His sustained buying indicates that he likely sees value where others may not. His holdings continue to grow, highlighting his confidence in the company's strategic vision toward renewable energy.

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Insider Trading

See recent insider trades of Pedro Azagra Blázquez.

AGR

13,430 shares

AGR

Jan 9, 2024

Received

Compensation History

See how much did Pedro Azagra Blázquez make over time.

In 2022, Pedro's total compensation was around $4.8 million. This included a base salary of $641K and an unusual one-time bonus of roughly $639K linked to his performance. His compensation package reflects the company's strategy to attract and retain top talent in the energy sector. Notably, he also received a grant of 25,000 restricted stock units, emphasizing the company's commitment to aligning executive interests with shareholder interests. Interestingly, he has a tailored approach to his role, as it combines salary, bonuses, and long-term incentives, aiming to balance risk and performance effectively.

Year

2022

Total Compensation

$1.47M

Salary

$641.35K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly talented professionals while aligning with long-term business goals and values, without encouraging excessive risk-taking.

Bonus

$639.40K

Board Justification

Includes a one-time sign-on bonus and the portion of EVP plan payout with respect to performance assessment conducted by the board.

Other

$189.54K

Board Justification

Includes relocation expenses, tax gross-up on sign-on bonus, and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as he was granted RSUs that vest in 2023 and 2024.

Performance Metrics

Adjusted net income, customer reliability, health and safety, renewables growth, and increased sustainable supplier base.

Other Avangrid CEOs

Here are other CEOs of Avangrid

Dennis V. Arriola

Ex-CEO of Avangrid

July 2020 - May 2022