Click here to close now.


News Feed Item

Iberdrola USA names new members to Board of Directors and Chief Corporate Officer for U.S. operations

NEW GLOUCESTER, Maine, Jan. 16, 2014 /PRNewswire/ -- Iberdrola USA, a subsidiary of Iberdrola, S.A., has appointed a new eight-member board of directors that will be led by Chairman Ignacio Galan of Iberdrola. Robert Kump, chief executive officer for Iberdrola USA Networks and a member of the Iberdrola USA board, has also been appointed chief corporate officer for Iberdrola in the U.S.

The board includes four independent members: John Elias Baldacci, previously governor of the State of Maine and member of the U.S. House of Representatives; Jose W. Fernandez, U.S. assistant secretary of state for economic, energy, and business affairs from 2009 - 2013; Alan D. Solomont, U.S. ambassador to Spain and Andorra from 2009 - 2013 and Alfredo Elias Ayub, for more than a decade director general of the Comision Federal de Electricidad, Mexico's largest integrated utility.

"We are honored to have such distinguished individuals join the board of Iberdrola USA," said Iberdrola Chairman Ignacio Galan. "Their depth of experience in industry and government will help guide our U.S. investments in our networks businesses and generation."

Other new members of the board include Jose Sainz Armada, chief financial officer for Iberdrola Group and Pedro Azagra Blazquez, chief development officer for Iberdrola Group. R. Scott Mahoney, vice president and general counsel for Iberdrola USA was also appointed secretary of the board.

Robert Kump, as chief corporate officer of Iberdrola in the U.S., will head the development of the group's strategy in the U.S. and position the company to take advantage of opportunities for growth and expansion. He will remain in his role as chief executive officer of Iberdrola USA Networks, as well.

"Robert Kump is an outstanding choice to be chief corporate officer for U.S. operations," said Galan. "His team will coordinate the activities of the Iberdrola USA group and its subsidiary companies to support the growth of our businesses in the U.S."

The new appointments follow an internal corporate re-organization last November to align U.S. operations with Iberdrola's corporate practice of establishing a single, national subholding company in the principal countries where it operates. Iberdrola USA comprises three intermediate holding companies that operate separately under the direction of separate board of directors. Iberdrola USA Networks operates the company's regulated businesses; Iberdrola Renewables focuses on the development and operation of the company's renewable energy generation fleet; and Iberdrola Energy Holdings operates natural gas storage and energy services.

The US is a priority market for Iberdrola, with more than $30 billion in assets, a quarter of the Group's total. The company has tripled investments there since 2006 and expects to invest between $1 and $1.5 billion dollars per annum in the coming years. The Iberdrola USA companies employ 5,000 people with operations in 24 states from New England to the West Coast and Texas.

"Iberdrola USA companies are leaders in their respective segments of the energy industry," said Robert Kump, chief corporate officer for Iberdrola USA. "Our challenge will be to coordinate our strategies and maximize our expertise and resources as we look for opportunities to grow our U.S. businesses."

Click here more information on the Iberdrola USA Board of Directors bylaws and members.

Notes to editors:

  • Iberdrola USA Networks, based in New Gloucester, Maine, holds ownership of the company's regulated utilities serving electricity and gas to a population of 6 million in Maine, New Hampshire and New York with assets of about $13.5 billion. The holding company has 100% ownership of operating subsidiaries New York State Electric & Gas Corporation, Rochester Gas and Electric Corporation, Central Maine Power, Maine Natural Gas, and New Hampshire Gas Corporation.
  • Iberdrola Renewables, based in Portland, Oregon, holds ownership of the company's unregulated or lightly regulated renewable and thermal generation businesses. Iberdrola Renewables is the second largest wind producer in the U.S. with 60 plants and operations in 19 states and a total owned-generation capacity of 6,130 megawatts. In 2012, Iberdrola Renewables produced 14 million megawatt-hours of electricity and held about $15.7 billion in assets.
  • Iberdrola Energy Holdings, LLC, based in Houston, Texas, holds ownership of the company's portfolio of underground storage facilities across the country, as well as the energy services trading floor in Houston, Texas and Salt Lake City, Utah. The company is one of the top independent gas storage operators and gas traders in the U.S. with more than 130 billion cubic feet of storage capacity.
  • Iberdrola, S.A., employs 31,000 people around the globe, with a special focus on Spain, the UK, the U.S., Brazil, and Mexico. It is one of the world's largest electricity companies with more than $40 billion in market capitalization. Through its 30 million points of supply it serves a population of 100 million. It has 45,000 megawatts of installed capacity, and is a global leader in renewable energy capacity.

For more information about Iberdrola USA, visit


SOURCE Iberdrola USA

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, will explore the current state of IoT connectivity and review key trends an...
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Electric power utilities face relentless pressure on their financial performance, and reducing distribution grid losses is one of the last untapped opportunities to meet their business goals. Combining IoT-enabled sensors and cloud-based data analytics, utilities now are able to find, quantify and reduce losses faster – and with a smaller IT footprint. Solutions exist using Internet-enabled sensors deployed temporarily at strategic locations within the distribution grid to measure actual line lo...
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.