Edition:
India

Avangrid Inc (AGR.N)

AGR.N on New York Stock Exchange

51.51USD
20 Nov 2017
Change (% chg)

$0.07 (+0.14%)
Prev Close
$51.44
Open
$51.47
Day's High
$51.93
Day's Low
$51.19
Volume
42,301
Avg. Vol
108,662
52-wk High
$52.71
52-wk Low
$35.42

Summary

Name Age Since Current Position

Ignacio Sanchez Galan

66 2006 Chairman of the Board

James Torgerson

64 2015 Chief Executive Officer, Director

John Baldacci

62 2014 Vice Chairman of the Board

Richard Nicholas

61 2015 Chief Financial Officer, Senior Vice President

Frank Burkhartsmeyer

52 2015 Chief Executive Officer of Renewables

Sara Burns

61 2015 President, Chief Executive Officer of CMP

Daryl Gee

53 2014 Chief Executive Officer of Gas

Robert Kump

55 2010 President and Chief Executive Officer of Networks

Mark Lynch

63 2014 President and Chief Executive Officer of NYSEG and RGE

Anthony Marone

53 2016 President and Chief Executive Officer of UIL

Daniel Alcain

43 2015 Senior Vice President, Controller

Sheila Duncan

52 2015 Senior Vice President – Human Resources & Corporate Administration

Ignacio Estella

47 2015 Senior Vice President – Corporate Development

R. Scott Mahoney

51 2016 Chief Compliance Officer, Senior Principal, General Counsel, Secretary

Jose Sainz Armada

57 2014 Director

Pedro Blazquez

48 2014 Director

Felipe de Jesus Calderon Hinojosa

54 2016 Director

Arnold Chase

65 2015 Director

Santiago Martinez Garrido

48 2015 Director

Juan Carlos Rebollo Liceaga

55 2015 Director

Alfredo Ayub

67 2014 Independent Director

Carol Folt

65 2015 Independent Director

John Lahey

69 2015 Independent Director

Alan Solomont

68 2014 Independent Director

Elizabeth Timm

63 2016 Independent Director

Patricia Cosgel

IR Contact Officer

Biographies

Name Description

Ignacio Sanchez Galan

Mr. Ignacio Sanchez Galan serves as Chairman of the Board of the Company. Since 2006, Mr. Galán has served as Chairman and CEO of Iberdrola, S.A. Since 2007, Mr. Galán has also served as the Chairman of Scottish Power Ltd. (“Scottish Power”), a subsidiary of Iberdrola, S.A. Mr. Galán previously served as Executive Vice President and CEO of Iberdrola, S.A. from 2001 to 2006. Mr. Galán also previously served as Chairman at Eurojet from 1993 to 1995 and Chief Executive Officer at Airtel Móvil (now Vodafone Spain) from 1995 to 2001. Mr. Galán held various management positions at Sociedad Española del Acumulador Tudor, S.A. (now Grupo Exide) and served as Director and General Manager of Industria de Turbo Propulsores, S.A. Mr. Galán holds honorary degrees from the Universities of Salamanca, Edinburgh and Strathclyde, where he is a visiting professor, and is Chairman of the Social Council of the University of Salamanca and a Patron of the Comillas-ICAI University Foundation. He is also on the Presidential CEO Advisory Board of Massachusetts Institute of Technology (MIT). He chaired the utilities group at the World Economic Forum from 2014 to 2016 and is a member of the steering committee and board of the European Round Table of Industrialists. In 2016 Mr. Galán was named the best CEO in the European Utilities sector for the tenth time by the Institutional Investor Research Group and, in 2014, Mr. Galán received the Award for Responsible Capitalism from FIRST, a multi-disciplinary international affairs organization. Mr. Galán graduated in Electromechanical Industrial Engineering at the Instituto Católico de Artes e Industrias of the Universidad Pontificia Comillas. He also holds a degree in Business Administration from the Instituto Católico de Administración y Dirección de Empresas of the Universidad Pontificia Comillas and in Business Administration and Foreign Trade from the Escuela de Organización Industrial.

James Torgerson

Mr. James P. Torgerson serves as Chief Executive Officer and Director of the Company. Mr. Torgerson has served as the Chief Executive Officer and as a director of Avangrid since December 2015. Mr. Torgerson had been President and Chief Executive Officer and a director of UIL since 2006. Prior to 2006, Mr. Torgerson was President and Chief Executive Officer of Midwest Independent Transmission System Operator, Inc. He is a Trustee of the Yale-New Haven Hospital and a Director of Yale New Haven Health System. Mr. Torgerson is the Chairman of the Connecticut Institute for the 21st Century. He is the former Chairman and a Director of the Connecticut Business and Industry Association and is a member of the board and executive committee of the Edison Electric Institute and the American Gas Association. Mr. Torgerson is a Trustee of the Hartford Bishops’ Foundation. Mr. Torgerson holds a bachelor’s of business administration degree in accounting from Cleveland State University.

John Baldacci

Mr. John E. Baldacci serves as Vice Chairman of the Board of Directors of the Company. Mr. Baldacci has served as Senior Advisor for Economic Development & Government Relations at Pierce Atwood LLP since 2012, and has served as Vice Chair of the board of the Northeast Midwest Institute since 2013. Mr. Baldacci served as the 73rd Governor of the State of Maine from 2003 until 2011. He previously served as director of the U.S. Department of Defense’s Military Health Care Reform Initiative from 2011 to 2012, U.S. Representative for Maine’s 2nd Congressional District from 1995 to 2003, a member of the Maine Senate from 1982 to 1994, and a member of the Bangor City Council from 1978 to 1981. Mr. Baldacci is the former Chairman of the board of directors and current board member for Jobs for America’s Graduates, a national nonprofit organization that works to reduce barriers to high school graduation and help students to transition to college. Mr. Baldacci earned a B.A. in History from the University of Maine at Orono. See the section entitled “Certain Relationships and Related Party Transactions—Other Relationships” in this proxy statement.

Richard Nicholas

Mr. Richard J. Nicholas serves as Chief Financial Officer and Senior Vice President of the Company. Previously, Mr. Nicholas served as executive vice president and chief financial officer of two subsidiaries of AVANGRID, UIL and UI, from March 2005 until December 2015. Effective November 16, 2010, Mr. Nicholas was appointed chief financial officer of BGC, CNG and SCG, all of which are subsidiaries of AVANGRID. Mr. Nicholas earned his undergraduate degree in business and administration with a concentration in finance from Duquesne University and holds a M.B.A. from the University of New Haven.

Frank Burkhartsmeyer

Mr. Frank Burkhartsmeyer is the Chief Executive Officer of Renewables of the Company. Mr. Burkhartsmeyer previously served as senior vice president of finance of ARHI from July 2012 until March 2015, and as vice president of strategy, planning and market fundamentals at Renewables from July 2006 until June 2012, both subsidiaries of AVANGRID. He also served as managing director of corporate strategy of Scottish Power between June 2004 and September 2005. Mr. Burkhartsmeyer earned a B.A. from the University of Montana and a M.B.A. from the University of Oregon.

Sara Burns

Ms. Sara J. Burns is the President and Chief Executive Officer of CMP., a Subsidiary of the Company. She has served as President of CMP since 1998. Ms. Burns is the chairman of the board of directors of Maine & Company and serves on the board of directors of the Mitchell Institute and the Maine State Chamber of Commerce. She holds a B.A. in Political Science and Government from Colby College.

Daryl Gee

Mr. Daryl W. Gee serves as Chief Executive Officer of Gas., a subsidiary of the Company. He has also served as Chief Executive Officer and President of Enstor Energy Services LLC and Enstor, Inc. since 2014, both subsidiaries of AVANGRID. Previously, Mr. Gee served as chief compliance officer and vice president of Gas, Enstor Energy Services LLC and Enstor, Inc. between March, 2013 and May, 2014. From 2002 through March 2013, Mr. Gee served as director of regulatory affairs and director of business development for Enstor, Inc. Mr. Gee holds a bachelor of applied arts and sciences in petroleum land management /petroleum technology and marketing from the Stephen F. Austin State University.

Robert Kump

Mr. Robert D. Kump is the President and Chief Executive Officer of Networks of the Company. Mr. Kump served as AVANGRID’s Chief Corporate Officer in January 2014. Mr. Kump also has served as a director of AVANGRID’s subsidiaries CMP, NYSEG, and RG&E since 2009, as the President of the Avangrid Management Company, LLC since March 2012 and as the Chief Executive Officer of AVANGRID Service Company since October 2009. Mr. Kump held various positions from February 1997 to October 2009 as AVANGRID’s senior vice president and chief financial officer, vice president, controller and chief accounting officer, treasurer and secretary. Mr. Kump also previously held a number of positions at NYSEG from 1986 to 1997, including senior accountant-external financial reporting, director-investor relations, director-financial services, and treasurer. Mr. Kump earned a B.A. in accounting from Binghamton University and is a C.P.A. in New York.

Mark Lynch

Mr. Mark S. Lynch is the President and Chief Executive Officer of NYSEG and RGE., a subsidiaries of the Company. Mr. Lynch has served as President of NYSEG and RGE since 2009, both subsidiaries of AVANGRID. Mr. Lynch also served as president and chief executive officer of NYISO from 2005 to 2008. Mr. Lynch earned a bachelor of electrical engineering from Villanova University.

Anthony Marone

Mr. Anthony Marone, III serves as President and Chief Executive Officer of UIL., a Subsidiary of the Company. In this role, he has overall responsibility for Avangrid Networks’ electric and natural gas operating companies in Connecticut and Massachusetts. Mr. Marone also serves as President – Connecticut and Massachusetts Operations and senior vice president of gas operations of Avangrid Service Company, overseeing the natural gas operations of Networks. Previously Mr. Marone served as senior vice president of customer and business services of UIL since May 14, 2013. Mr. Marone served as senior vice president – business services of UI and vice president of business services of UIL from November 16, 2010 to May 2013. Mr. Marone received his master’s degree in engineering and business management from the University of New Haven and a bachelor’s degree in mechanical engineering from the New York Institute of Technology.

Daniel Alcain

Mr. Daniel Alcain serves as Senior Vice President and Controller of the Company. Previously, Mr. Alcain was chief financial officer of Scottish Power, from April 2012 until December 2015, and Iberdrola USA, Inc., from December 2009 until March 2012. Mr. Alcain joined the Iberdrola Group in 2001 and worked for four years in Latin America within the Control area. He holds two degrees in economy and law from the University of Valladolid.

Sheila Duncan

Ms. Sheila Duncan is the Senior Vice President – Human Resources & Corporate Administration of the Company. She previously served as human resources and shared services director of Scottish Power from March 2009 until December 2015. She holds a Master of Arts (Hons) from the University of Glasgow and is a chartered fellow of the Institute of Personnel & Development in the UK.

Ignacio Estella

Mr. Ignacio Estella serves is the Senior Vice President – Corporate Development of the Company. Previously, Mr. Estella served as corporate vice president of business origination of Iberdrola from May 2009 until November 2013 and vice president – corporate development of Iberdrola USA, Inc., from December 2013 to December 16, 2015. He served as gas markets development director of Iberdrola between February 2007 and April 2009. Mr. Estella holds a degree in law and business administration from the Universidad Pontificia Comillas and a master of public administration, with concentration in regulation and industry analysis and negotiation and conflict resolution from Harvard University.

R. Scott Mahoney

Mr. R. Scott Mahoney is the Chief Compliance Officer, Senior Principal, General Counsel and Secretary of the Company. He was appointed Secretary of AVANGRID on January 27, 2016, and previously served as vice president-general counsel and secretary of Networks. Mr. Mahoney has served as AVANGRID’s General Counsel since June 2012. Mr. Mahoney previously served as Deputy General Counsel and Chief FERC Compliance Officer for AVANGRID from January 2007 to June 2012, and previously served in legal and senior executive positions at AVANGRID subsidiaries from October 1996 until January 2007. Mr. Mahoney also serves on the board of directors of the Gulf of Maine Research Institute. Mr. Mahoney earned a B.A. from St. Lawrence University, a J.D. from the University of Maine, a master’s degree in environmental law from the Vermont Law School, and a postgraduate diploma in business administration from the University of Warwick. He has received bar admission to the State of Maine, the State of New York, the U.S. Court of Appeals, the U.S. District Court and the U.S. Court of Military Appeals.

Jose Sainz Armada

Mr. Jose Sainz Armada serves as Director of the Company. Mr. Sainz Armada has been the Chief Financial Officer of Iberdrola, S.A. since 2003. Prior to his appointment as Chief Financial Officer, Mr. Sainz Armada was Director of Development & Finance of Iberdrola, S.A. from 2002. Before joining Iberdrola, S.A., Mr. Sainz Armada started his professional career at JP Morgan, he then held different positions at Corporación Bancaria de España where he was its CFO from 1996 to 2000 and then moved to Banco Bilbao Vizcaya Argentaria (“BBVA”), where he was General Manager of Asset Management from 2001 to 2002, and Managing Director of Corporate Value of BBVA from 2000 to 2001. Mr. Sainz Armada earned a degree in Law and Business Administration from the Catholic Institute of Business Administration from the Universidad Pontificia de Comillas Madrid and a M.B.A. from INSEAD in Fontainebleau, France.

Pedro Blazquez

Mr. Pedro Azagra Blazquez serves as Director of the Company. Mr. Azagra Blázquez has served as the Chief Development Officer of Iberdrola, S.A. since 2008. He previously served as Director of Strategy from 1997 to 2001 and was responsible for corporate development activities of the Iberdrola Group from 2001 to 2008. He was also responsible for the U.S. businesses in 2008. He served as a board member of Iberdrola México, S.A. de C.V, a subsidiary of Iberdrola, S.A. from 2014 until 2016. He also served as member of the board of directors of Iberdrola USA, Inc. and Energy East Corporation (now Avangrid) from 2008 to 2011 and RG&E, NYSEG and CMP, each an indirect subsidiary of the company, from 2009 to 2011. Mr. Azagra Blázquez has also served as Professor of Corporate Finance and Mergers and Acquisitions at Universidad Pontificia de Comillas, Madrid, Spain since 1998. Before joining the Iberdrola Group he worked at Morgan Stanley in London and New York in the investment banking division in advisory, equity and debt transactions. He earned a business degree and a law degree from Universidad Pontificia de Comillas and a M.B.A. from the University of Chicago.

Felipe de Jesus Calderon Hinojosa

Mr. Felipe de Jesus Calderon Hinojosa serves as Director of the Company. President Calderón served as the 56th President of Mexico from 2006 to 2012. Since 2012, President Calderón has served as the Chair of The Global Commission on the Economy and Climate. President Calderón also serves a member of the Policy Advisory Council of the World Business Council for Sustainable Development, president of the Sustainable Human Development Foundation, and as a member of the board of directors of the World Resources Institute. President Calderón has a law degree from the Escuela Libre de Derecho, a master’s degree in economics from the Instituto Tecnológico Autónomo de México and a master’s degree in public administration from the John F. Kennedy School of Government at Harvard University.

Arnold Chase

Mr. Arnold L. Chase serves as Director of the Company. Mr. Chase currently serves as President and a Director of Gemini Networks, Inc. and Managing Member of Chase Enterprises Holding LLC, Hartford, Connecticut, both of which are privately owned investment holding companies. Mr. Chase previously served as a Director of UIL Holdings Corporation (“UIL”) from 1999 to 2015 and served as the Chair of the Retirement Benefits Plans Investment Committee. Mr. Chase is also a Trustee of Connecticut Public Broadcasting, Inc. and Talcott Mountain Science Center. Mr. Chase holds a Bachelor of Science degree in business administration from Babson College.

Santiago Martinez Garrido

Mr. Santiago Martinez Garrido serves as Director of the Company. Since 2016 Mr. Martinez Garrido has been the Head of Legal Services for Iberdrola, S.A. and served as Deputy Secretary of the Iberdrola, S.A. board of directors since 2015. He has served as a member of the board of directors of Ekektro Holding, S.A., a subsidiary of Iberdrola, S.A., since 2012, and as a member of the board of directors of Neoenergia, S.A., a Brazilian energy company, since 2004. Previously, he served as Head of Corporate Legal Services of Iberdrola, S.A. and director, legal counsel and secretary of the board of directors of Iberdrola Renovables, S.A. From 2014 to 2016, he also served as a secretary of the board of directors of Iberdrola España, S.A., a direct subsidiary of Iberdrola, S.A., and from 2010 to 2015, he served as secretary of Fundación Iberdrola, a charitable foundation of Iberdrola, S.A. Before joining Iberdrola, S.A., Mr. Martinez Garrido served as Chief of Staff of the Minister of Justice of Spain and of the Justice Secretary of State of Spain from 2000 to 2004. Mr. Martinez Garrido has served as the secretary of the Board of Trustees of the Royal Academy of Jurisprudence and Legislation in Madrid since 2014. Mr. Martinez Garrido is a State Lawyer and has a degree in Law from Universidad Complutense in Madrid, a degree in Business Studies from Colegio Universitario San Pablo in Madrid and a PhD from Universidad Autónoma de Barcelona.

Juan Carlos Rebollo Liceaga

Mr. Juan Carlos Rebollo Liceaga serves as Director of the Company. Mr. Rebollo Liceaga has been Administration and Control Director of Iberdrola, S.A. Mr. Rebollo Liceaga also currently serves as a member of the board and the audit committee of Iberdrola España, S.A. and Scottish Power, each subsidiaries of Iberdrola, S.A. Mr. Rebollo Liceaga also previously served on the board of directors of Energy East (now Avangrid) from February 2009 until April 2011. Prior to joining Iberdrola, S.A., Mr. Rebollo Liceaga worked at Arthur Andersen. Mr. Rebollo Liceaga holds a degree in Business Administration from the Universidad Comercial de Deusto.

Alfredo Ayub

Mr. Alfredo Elias Ayub serves as Independent Director of the Company. Mr. Elías Ayub is currently the president of the board of directors of Promociones Metropolis, S.A. de C.V. From 2012 to 2015, Mr. Elías Ayub served as a director of Arcos Dorados Holdings Inc. (NYSE: ARCO). Mr. Elías Ayub previously served as Chief Executive Officer and a director of Federal Electricity Commission, a Mexican state owned electricity company, from 1999 to 2011. From 1996 to 1999, he was the Chief Executive Officer of Aeropuertos y Servicios Auxiliares, Mexico’s airport operator that was responsible for managing 58 airports. He held a number of positions in the state owned industry and energy sector including Deputy Minister of Mines and Basic Industry and Deputy Energy Minister. He previously served as Deputy Director and Director of Universidad Anáhuac’s Engineering School from 1978 to 2013 and a member of the Dean of Students Board of Advisors of Harvard University Business School from 2010 to 2013. He held a number of positions for Mexican Fund for Social Activities including Deputy Director General and Director General from 1978 to 1983. He served as Executive Coordinator at the State of Mexico Government’s Urban Development Department/Secretariat from 1983 to 1986. Mr. Elías Ayub earned a degree in Civil Engineering from Universidad Anáhuac, in Mexico City, and a M.B.A. from Harvard University.

Carol Folt

Ms. Carol Lynn Folt, Ph.D. serves as Independent Director of the Company. Ms. Folt has been a member of the board of directors and president of the University of North Carolina at Chapel Hill since 2013. Ms. Folt became the 11th Chancellor of the University of North Carolina at Chapel Hill and its 1st female leader on July 1, 2013. Ms. Folt previously served as interim president of Dartmouth College from 2012 to 2013 and provost from 2009 to 2012, among other roles, and was on the faculty in Biology. She holds tenured appointments in the faculties of Biological Sciences and the School of Global Public Health at the University of North Carolina. Ms. Folt earned a bachelors and masters of arts at the University of California, Santa Barbara, and a Ph.D. from the University of California, Davis.

John Lahey

Mr. John L. Lahey serves as Independent Director of the Company. Mr. Lahey currently serves as President of Quinnipiac University in Hamden, Connecticut, a private, coeducational university with approximately 7,000 undergraduate and 3,000 graduate students. Mr. Lahey has also served as a director of Independence Holding Company (NYSE: IHC) since 2006. Mr. Lahey previously served as a Director of UIL from 1994 to 2015 and has served as its Non-Executive Chair since 2010. Mr. Lahey is also a Trustee of Yale-New Haven Hospital and a Director of the Yale New Haven Health System, The NYC Saint Patrick’s Day Parade, Inc., Standard Security Life Insurance Company of New York, Independence Holding Company and Alliance for Cancer Gene Therapy. He is a former Director of The Aristotle Corporation. Mr. Lahey holds bachelor’s and master’s degrees from the University of Dayton, a master’s degree from Columbia University, and a Ph.D. from the University of Miami.

Alan Solomont

Mr. Alan D. Solomont serves as Independent Director of the Company. Mr. Solomont has served as Pierre and Pamela Omidyar Dean of the Jonathan M. Tisch College of Civic Life at Tufts University since January 2014. Mr. Solomont has also served on the board of directors of MAPFRE U.S.A. Corp., the U.S. subsidiary of MAPFRE S.A., since February 2014, and as the chairman of the board of directors of the Spain-U.S. Chamber of Commerce since 2013. He served as United States Ambassador to Spain and Andorra from 2009 to 2013. Prior to his posting to Madrid, he was a member of the bipartisan board of directors of the Corporation for National and Community Service beginning in 2000, and he was elected chair in 2009. Mr. Solomont has served on the boards of directors of a number of other nonprofit and for profit organizations, including Boston Medical Center from 1995 to 2009, Boston Private Bank & Trust Co. from 1999 to 2009, Angel Healthcare Investors from 2000 to 2009, the New Israel Fund from 1998 to 2008, Israel Policy Forum from 1998 to 2008, the University of Lowell from 1984 to 1991, the University of Massachusetts from 1991 to 1992, the John F. Kennedy Presidential Library Foundation from 2001 to 2009 and the WGBH Education Foundation from 1999 to 2005. Mr. Solomont has a B.A. in political science and urban studies from Tufts University and a B.S. in nursing from the University of Massachusetts Lowell.

Elizabeth Timm

Ms. Elizabeth Timm is an Independent Director of the Company. Ms. Timm currently serves as chair of the board of directors of the Girl Scouts of Maine. She also serves as a member of the Boston Club and its corporate board committee, an advisory member of the Olympia Snowe Leadership Institute. She is the immediate past president of the Maine chapter of the Internal Women’s Forum. Most recently she was a management and financial consultant for RE/MAX By the Bay in Portland until December 2015. From 1998 until 2012, Ms. Timm served as the Maine Market President of the Bank of America (NYSE: BAC) and its predecessor company, Fleet Bank. Ms. Timm served as an independent director of Networks, a wholly-owned subsidiary of the company, and chair of the audit and compliance committee of the board of directors of Networks from March 2015 until her election to our board of directors. Ms. Timm holds a Bachelor of Arts degree in Psychology from the University of Maine and an M.B.A. in Business from the University of Southern Maine.

Patricia Cosgel