ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), today announced that its Board of Directors has nominated four new director candidates for election at its 2019 Annual Meeting, which will be held on June 27, 2019 at 8:30 a.m. EDT at WilmerHale in Boston, Massachusetts. The nominees, who will join 10 current directors standing for re-election, are:
- Robert Duffy, President and Chief Executive Officer of the Greater Rochester Chamber of Commerce
- Teresa Herbert, Chief Financial Officer and Senior Vice President of Independence Holding Company
- Patricia Jacobs, President of AT&T New England
- Sonsoles Rubio Reinoso, Internal Audit Director of the Iberdrola Group
“I am pleased to announce the nominations of Robert, Teresa, Patricia and Sonsoles to the AVANGRID Board,” said Ignacio Sanchez Galán, Chairman of the Board. “Each candidate brings a wealth of knowledge and expertise in areas important to our business, including policy, finance and accounting and risk management. This is a significant step in our commitment to ensuring best-in-class governance practices through refreshing our board, with an eye toward further diversification.”
If elected at the Annual Meeting, the addition of these four individuals would increase the percentage of women on the Board to nearly 36% and the number of independent board members to 50%. AVANGRID has added six new directors over the past four years and is committed to continuously reviewing and enhancing the composition of its Board to benefit from a diversity of perspectives and experiences in a consistently evolving industry.
For more information about the Annual Meeting and the experience and qualifications of the nominees for election at the Annual Meeting, please see AVANGRID’s definitive proxy statement filed with the Securities and Exchange Commission (the "SEC") on April 29, 2019, and available in the Annual Shareholder Meeting section of www.avangrid.com.
Pedro Azagra Blázquez, Arnold L. Chase, and Alfredo Elías Ayub, who each served on the board since 2014, 2015 and 2014, respectively, and whose terms expire on the day of the 2019 Annual Meeting, will not be standing for re-election.
Mr. Galán concluded, “I want to thank Pedro, Arnold and Alfredo for their service to the Board. We are grateful for their many contributions during their tenure as directors, and the company will benefit from their contributions for years to come.”
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.
