Iberdrola USA names new members to Board of Directors and Chief Corporate
Officer for U.S. operations
NEW GLOUCESTER, Maine, Jan. 16, 2014
NEW GLOUCESTER, Maine, Jan. 16, 2014 /PRNewswire/ --Iberdrola USA, a
subsidiary of Iberdrola, S.A., has appointed a new eight-member board of
directors that will be led by Chairman Ignacio Galan of Iberdrola. Robert
Kump, chief executive officer for Iberdrola USA Networks and a member of the
Iberdrola USA board, has also been appointed chief corporate officer for
Iberdrola in the U.S.
The board includes four independent members: John Elias Baldacci, previously
governor of the State of Maine and member of the U.S. House of
Representatives; Jose W. Fernandez, U.S. assistant secretary of state for
economic, energy, and business affairs from 2009 - 2013; Alan D. Solomont,
U.S. ambassador to Spain and Andorra from 2009 - 2013 and Alfredo Elias Ayub,
for more than a decade director general of the Comision Federal de
Electricidad, Mexico's largest integrated utility.
"We are honored to have such distinguished individuals join the board of
Iberdrola USA," said Iberdrola Chairman Ignacio Galan. "Their depth of
experience in industry and government will help guide our U.S. investments in
our networks businesses and generation."
Other new members of the board include Jose Sainz Armada, chief financial
officer for Iberdrola Group and Pedro Azagra Blazquez, chief development
officer for Iberdrola Group. R. Scott Mahoney, vice president and general
counsel for Iberdrola USA was also appointed secretary of the board.
Robert Kump, as chief corporate officer of Iberdrola in the U.S., will head
the development of the group's strategy in the U.S. and position the company
to take advantage of opportunities for growth and expansion. He will remain in
his role as chief executive officer of Iberdrola USA Networks, as well.
"Robert Kump is an outstanding choice to be chief corporate officer for U.S.
operations," said Galan. "His team will coordinate the activities of the
Iberdrola USA group and its subsidiary companies to support the growth of our
businesses in the U.S."
The new appointments follow an internal corporate re-organization last
November to align U.S. operations with Iberdrola's corporate practice of
establishing a single, national subholding company in the principal countries
where it operates. Iberdrola USA comprises three intermediate holding
companies that operate separately under the direction of separate board of
directors. Iberdrola USA Networks operates the company's regulated businesses;
Iberdrola Renewables focuses on the development and operation of the company's
renewable energy generation fleet; and Iberdrola Energy Holdings operates
natural gas storage and energy services.
The US is a priority market for Iberdrola, with more than $30 billion in
assets, a quarter of the Group's total. The company has tripled investments
there since 2006 and expects to invest between $1 and $1.5 billion dollars per
annum in the coming years.The Iberdrola USA companies employ 5,000 people
with operations in 24 states from New England to the West Coast and Texas.
"Iberdrola USA companies are leaders in their respective segments of the
energy industry," said Robert Kump, chief corporate officer for Iberdrola USA.
"Our challenge will be to coordinate our strategies and maximize our expertise
and resources as we look for opportunities to grow our U.S. businesses."
Click here more information on the Iberdrola USA Board of Directors bylaws and
Notes to editors:
oIberdrola USA Networks, based in New Gloucester, Maine, holds ownership of
the company's regulated utilities serving electricity and gas to a
population of 6 million in Maine, New Hampshire and New York with assets
of about $13.5 billion. The holding company has 100% ownership of
operating subsidiaries New York State Electric & Gas Corporation,
Rochester Gas and Electric Corporation, Central Maine Power, Maine Natural
Gas, and New Hampshire Gas Corporation.
oIberdrola Renewables, based in Portland, Oregon, holds ownership of the
company's unregulated or lightly regulated renewable and thermal
generation businesses. Iberdrola Renewables is the second largest wind
producer in the U.S. with 60 plants and operations in 19 states and a
total owned-generation capacity of 6,130 megawatts. In 2012, Iberdrola
Renewables produced 14 million megawatt-hours of electricity and held
about $15.7 billion in assets.
oIberdrola Energy Holdings, LLC, based in Houston, Texas, holds ownership
of the company's portfolio of underground storage facilities across the
country, as well as the energy services trading floor in Houston, Texas
and Salt Lake City, Utah. The company is one of the top independent gas
storage operators and gas traders in the U.S. with more than 130 billion
cubic feet of storage capacity.
oIberdrola, S.A., employs 31,000 people around the globe, with a special
focus on Spain, the UK, the U.S., Brazil, and Mexico. It is one of the
world's largest electricity companies with more than $40 billion in market
capitalization. Through its 30 million points of supply it serves a
population of 100 million. It has 45,000 megawatts of installed capacity,
and is a global leader in renewable energy capacity.
For more information about Iberdrola USA, visit www.iberdrolausa.com.
SOURCE Iberdrola USA
Contact: John Carroll, John.Carroll@IberdrolaUSA.com, 207.688.4339
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