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06/15/2020

AVANGRID Appoints Dennis V. Arriola Chief Executive Officer

AVANGRID Appoints Dennis V. Arriola Chief Executive Officer

AVANGRID Appoints Dennis V. Arriola Chief Executive Officer 

ORANGE, Connecticut — June 15, 2020 — Today the AVANGRID (NYSE: AGR) Board of Directors announced the appointment of Dennis V. Arriola as Chief Executive Officer effective July 20, 2020.  Arriola succeeds James P. Torgerson who, as previously announced, will retire on June 23, 2020. 

Arriola joins AVANGRID from Sempra Energy, where he is currently Executive Vice President and Group President and Chief Sustainability Officer.  With more than 25 years in the energy sector, Arriola has held a variety of leadership positions including Chairman, President and CEO of Southern California Gas Co. (SoCalGas), Executive Vice President and Chief Financial Officer for SunPower Corp., a Silicon Valley-based solar technology company, and Senior Vice President and Chief Financial Officer of both San Diego Gas & Electric and SoCalGas. 
 
“Dennis’ substantial experience in the energy sector, including utilities and renewables, as well as his deep strategic, financial and operating background make him a natural choice to lead AVANGRID and execute our long-term strategy to become a leading sustainable energy company,” said Ignacio S. Galan, Chairman of AVANGRID.  “Dennis has a track record of developing strong teams and as an engaging leader who is as much focused on delivering shareholder returns as he is on building a strong company reputation based on purpose and values.”

“AVANGRID is an extraordinary company and I am very excited and honored to lead this organization as it moves into its next phase of growth,” said Arriola.  “The energy sector is at a transformational point and AVANGRID is well positioned to deliver clean energy solutions to its customers and help develop the infrastructure necessary to meet our future climate goals.”

Arriola serves as Chairman of the Board for the California Latino Economic Institute and sits on the boards of the U.S. Chamber of Commerce and Auto Club Enterprises.  He previously served as Chairman of the California Business Roundtable and on the board of the United Way – Greater Los Angeles. Arriola holds a bachelor's degree in economics from Stanford University and a master's degree in business administration from Harvard University.  Arriola has been named one of the “100 Most Influential Hispanics” by Hispanic Business magazine.

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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 www.avangrid.com.

 

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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