Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Iberdrola May Appoint CEO to Fend Off ACS, Reuters Reports

Don't Miss Out —
Follow us on:

March 29 (Bloomberg) -- Iberdrola SA may appoint a Chief Executive Officer alongside Chairman Ignacio Galan to curry favor with institutional investors in its battle against Actividades de Construccion y Servicios SA, Reuters said.

The move may help Galan secure the backing of international fund managers at the annual shareholders meeting where he may have to fend off another attempt by ACS, Iberdrola’s biggest shareholder, to secure a seat on the board, Reuters reported, citing three people with knowledge of the process, without identifying them.

Chief Financial Officer Jose Sainz Armada and Fernando Becker, another current Iberdrola executive, are the most likely candidates for the job, the agency said.

Story Link:{NSN M1LFQ33PWT1C<GO>}

Link to Company News:{ACS SM <Equity> CN <GO>} Link to Company News:{IBE SM <Equity> CN <GO>}

To contact the editor responsible for this story: Ben Sills at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.