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04/11/2019

Avangrid Networks Announces New Chief Compliance Officer

Avangrid Networks Announces New Chief Compliance Officer

Orange, Connecticut — April 11, 2019 — AVANGRID, Inc. (NYSE: AGR), today announced the appointment of Andrew Jacobs as Chief Compliance Officer for its subsidiary, Avangrid Networks, Inc., which operates eight regulated electric and natural gas distribution companies in New England and New York State.

 
Jacobs will oversee day-to-day operations for AVANGRID’s award-winning corporate compliance and ethics program at these companies. 


“I am impressed by the depth of the company’s commitment to the highest standards for ethics, governance and compliance. I look forward to supporting the company’s vision for the future and ensuring that it continues to demonstrate its values to regulators and the community,” said Jacobs.


AVANGRID was recognized in 2019 as one of the World’s Most Ethical Companies by the Ethisphere Institute, a global thought leader in the field of corporate ethics. It was also named a finalist by Corporate Secretary Magazine at its 2018 awards ceremony for Best Compliance and Ethics Program (Large Cap), and achieved Compliance Leader Verification, a nationally recognized certification from the Ethisphere Institute for corporate compliance programs. 

 
The Boards of Directors of AVANGRID and its two subsidiaries, Avangrid Networks and Avangrid Renewables, have each appointed full-time executive Chief Compliance Officers to demonstrate their commitments to corporate ethics and compliance. 


Prior to joining Avangrid Networks, Jacobs was the Assistant General Counsel for Corporate Compliance at a Fortune 500 insurance and financial services company based in Hartford, Connecticut. He has also held positions at international law firms and in the U.S. federal court system. Jacobs holds a J.D., magna cum laude, from Syracuse University. 


“We are pleased to welcome Andrew Jacobs to AVANGRID, and we know that he will be an unrelenting champion for our compliance and ethics program,” said Alistair Raymond, Vice President and Chief Compliance Officer for AVANGRID, Inc.


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About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $32 billion in assets and operations in 24 U.S. states. AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.2 million customers in New York and New England. Avangrid Renewables owns and operates 7.1 gigawatts of electricity capacity, primarily through wind power, with a presence in 22 states across the United States. AVANGRID employs approximately 6,500 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 by the Ethisphere Institute. For more information, visit www.avangrid.com.

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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