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AVANGRID Announces Appointments To Boards Of Directors

AVANGRID Announces Appointments To Boards Of Directors


ORANGE, Conn. — August 5, 2022 — AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced María Fátima Báñez García and Camille Joseph Varlack have been appointed to its Board of Directors and Donna S. Watson has been appointed to the Avangrid Networks Board of Directors, AVANGRID’s wholly owned subsidiary that owns and operates eight electric and natural gas utilities.

“I’m pleased to announce the appointment of Fátima and Camille to the AVANGRID Board and Donna to the Avangrid Networks Board,” said Ignacio Galán, Chairman and CEO of Iberdrola and Chairman of AVANGRID. “Their expertise in key areas, such as public policy, risk management, government relations and operations, will drive growth and build long-term shareholder value for AVANGRID. I’m confident they will provide valuable perspectives as we continue to execute our strategy and build a clean energy future for our customers and communities.”

Pedro Azagra, CEO of AVANGRID, added, “I want to extend a warm welcome to Fátima, Camille and Donna. They bring an impressive wealth of knowledge in areas important to our business and, as a result, I expect the company will benefit from their expertise for years to come.”

The addition of Báñez and Varlack to the AVANGRID Board increases the percentage of directors who identify as woman or members of a minority group to approximately 29% and increases the number of independent board members to approximately 57%. Watson joined the nine directors for Avangrid Networks and increased the number of independent Avangrid Networks directors to four. With these appointments, AVANGRID and Iberdrola continue to make significant strides toward achieving their goals of addressing the corporate leadership gender gap and achieving full gender parity by 2030.

Báñez is a business consultant and advisor and most recently served as an independent member of the board of directors and audit committee of Iberdrola México, a member of the group of companies controlled by Iberdrola, S.A. She will bring to the AVANGRID Board executive leadership experience including her experience as Minister for Employment and Social Security of the Government of Spain, along with a global business perspective and extensive experience in government relations, economic development, public policy, and human capital management. Báñez has a Law and Business Degree from Universidad Pontificia de Comillas – ICADE, a postgraduate certificate in business administration studies from Harvard University and completed the Public Administration Leadership Program from IESE Business School in Madrid.

Varlack is a founding partner and the chief operating officer of Bradford Edwards & Varlack, LLP, a complex civil and commercial litigation firm based in New York City. She has more than 18 years of hands-on experience in public and private sector legal and operational leadership, including extensive experience in risk management, government relations, ethics and compliance, cybersecurity and human capital management. Varlack has a Juris Doctorate from Brooklyn Law School and a Bachelor of Arts from the State University of New York at Buffalo and is admitted to the Bar of the State of New York.

Watson has nearly four decades of management and senior leadership experience in the financial services industry with expertise across core disciplines, including operations, risk management, sales management and client experience. She most recently served as Bank of America’s national operations executive for the company’s preferred lending business. Previously, she was the operations executive responsible for process enablement, risk management and business continuity for the northeast divisions’ 950 financial centers. Watson earned her Bachelor of Arts from Hood College. She has remained active in local non-profit organizations through her career and currently serves on the board of directors for the Girl Scouts of Maine. 

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit


About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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