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.