Pedro Azagra Blázquez

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Pedro Azagra Blázquez
Born1968 (age 56–57)
Madrid, Spain
EducationBusiness Administration and Management and MBA in Chicago University, in Illinois, United States
Alma materComillas Pontifical University
OccupationChief Executive Officer (CEO) of Iberdrola

Pedro Azagra Blázquez (Madrid, 1968) is the current Chief Executive Officer (CEO) of the Iberdrola Group, a position he has held since June 24, 2025.[1][2]

Biography

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He holds a degree in Business Administration and Management from Universidad Pontificia Comillas - ICADE (Madrid), and an MBA (Master of Business Administration) from the University of Chicago (Graduate School of Business).[3] [4] [5]

Professional career

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Pedro Azagra joined the Iberdrola Group in 1997 as Strategy Director.[6] Prior to that, he worked in the Investment Banking Division of Morgan Stanley in London and Madrid, specializing in mergers, financial advisory, and equity and debt offerings.

After his role as Strategy Director at Iberdrola Group, he relocated to London, where he served as Chief Development Officer until 2022. As head of mergers and acquisitions at the Iberdrola Group, he led the company's international expansion through deals such as the acquisition of ScottishPower and Energy East.[7][8][9]

In June 2022, he was appointed CEO of the subholding company Avangrid, Inc.,[10] which was listed on the New York Stock Exchange until December 2024. Pedro Azagra held this position at the Iberdrola subsidiary in the United States until June 2025.

Previously, he had already been responsible for Iberdrola Group's business operations in the United States, and served as a board member of several listed companies, including Siemens Gamesa Renewable Energy, S.A. and Neoenergia, S.A.[11]

During this period, the Spanish executive was also responsible for the financial performance and project development of the U.S. subholding company, with over $15 billion in investments, and helping it become one of the three largest renewable energy companies in the United States.[12][13][14][15]

Pedro Azagra has represented Spanish business interests in the United States, participating in international events such as those organized by the Spain-U.S. Chamber of Commerce in New York.[16] He was also a member of the Board of Directors and Executive Committee of the Edison Electric Institute (EEI) in the United States, and on the board of Yale New Haven Hospital in Connecticut.[17][18][19]

Since June 2025, Pedro Azagra has been CEO of Iberdrola Group.[20][21][22]

In October 2025, Pedro Azagra has been named CEO of the Year- Runner Up by CEO Magazine for his work as CEO of Avangrid.[23][24]

References

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  1. ^ "Iberdrola appoints chief of US business as new CEO". Reuters. 24 June 2025. Retrieved 16 July 2025.
  2. ^ "Iberdrola Names U.S. Business Head Pedro Azagra as New Group CEO". The Wall Street Journal. 24 June 2024. Retrieved 25 July 2025.
  3. ^ "WSJ Markets - Pedro Azagra Blázquez - Chief Executive Officer & Director, Iberdrola SA".
  4. ^ "Pedro Azagra Named New Iberdrola CEO". Yahoo! News. 26 June 2025. Retrieved 25 July 2025.
  5. ^ "Avangrid Appoints Pedro Azagra CEO".
  6. ^ "Equilar - Pedro Blazquez". Equilar People. Retrieved 16 July 2025.
  7. ^ Esteller, Rubén (25 June 2025). "Pedro Azagra, el artífice en la sombra del desarrollo internacional de Iberdrola". El Economista (in Spanish). Retrieved 25 July 2025.
  8. ^ "Key figure overlooked in ScottishPower merger". The Times. 28 December 2008. Retrieved 25 July 2025.
  9. ^ "Pedro Azagra - Avangrid Chief Executive Officer". Retrieved 25 July 2025.
  10. ^ "Iberdrola appoints Pedro Azagra as CEO of its U.S. subsidiary". The Diplomat. 5 March 2022. Retrieved 16 July 2025.
  11. ^ "WSJ MARKETS - Pedro Azagra Blázquez". The Wall Street Journal. Retrieved 16 July 2025.
  12. ^ "Iberdrola Names Pedro Azagra as Its CEO After Martinez Resigns". Retrieved 25 July 2025.
  13. ^ Adrià, Calatayud (24 June 2025). "Iberdrola Names U.S. Business Head Pedro Azagra as New Group CEO". The Wall Street Journal. Retrieved 25 July 2025.
  14. ^ "Iberdrola appoints chief of US business as new CEO". Reuters. 24 June 2025. Retrieved 25 July 2025.
  15. ^ "Avangrid Named One of America's Greenest Companies by Newsweek". Nasqad. 21 October 2024. Retrieved 25 July 2025.
  16. ^ "Iberdrola USA (Avangrid) acompaña a Felipe VI en la Cámara de Comercio España-Estados Unidos de Nueva York". La Razón (in Spanish). 26 May 2022. Retrieved 25 July 2025.
  17. ^ "Pedro Azagra takes helm at Iberdrola, Avangrid renews its leadership team". Energy news. 25 June 2025. Retrieved 25 July 2025.
  18. ^ "EEI - Global Elecrification Forum - Confirmed Speakers" (PDF).
  19. ^ "COP28: Demonstrating Global Clean Energy Leadership". Edison Electric Institute (EEI). December 2023. Retrieved 25 July 2025.
  20. ^ "Pedro Azagra New CEO of the Iberdrola Group". Iberdrola. 24 June 2025. Retrieved 16 July 2025.
  21. ^ "Avangrid CEO Pedro Azagra Appointed CEO of The Iberdrola Group". Market Watch. 24 June 2025. Retrieved 25 July 2025.
  22. ^ "Iberdrola appoints chief of US business as new CEO". Reuters. 24 June 2025. Retrieved 25 July 2025.
  23. ^ "Iberdrola CEO Pedro Azagra Recognized as CEO of the Year - Runner Up". Yahoo! Finance. 1 October 2025. Retrieved 28 October 2025.
  24. ^ "The CEO Magazine's 2025 Executive of the Year Awards". CEO Magazine. Retrieved 28 October 2025.