Pedro Azagra Blázquez

Pedro Azagra Blázquez (Madrid, 1968) is the current Chief Executive Officer (CEO) of the Iberdrola Group, a position he has held since June 24, 2025.^[1][2]

Pedro Azagra Blázquez
Born	1968 (age 56–57) Madrid, Spain
Education	Business Administration and Management and MBA in Chicago University, in Illinois, United States
Alma mater	Comillas Pontifical University
Occupation	Chief Executive Officer (CEO) of Iberdrola

Biography

He holds a degree in Business Administration and Management from Universidad Pontificia Comillas - ICADE (Madrid), and an MBA (Master of Business Administration) from the University of Chicago (Graduate School of Business).^{[3] [4] [5]}

Professional career

Pedro Azagra joined the Iberdrola Group in 1997 as Strategy Director.^[6] Prior to that, he worked in the Investment Banking Division of Morgan Stanley in London and Madrid, specializing in mergers, financial advisory, and equity and debt offerings.

After his role as Strategy Director at Iberdrola Group, he relocated to London, where he served as Chief Development Officer until 2022. As head of mergers and acquisitions at the Iberdrola Group, he led the company's international expansion through deals such as the acquisition of ScottishPower and Energy East.^[7][8][9]

In June 2022, he was appointed CEO of the subholding company Avangrid, Inc.,^[10] which was listed on the New York Stock Exchange until December 2024. Pedro Azagra held this position at the Iberdrola subsidiary in the United States until June 2025.

Previously, he had already been responsible for Iberdrola Group's business operations in the United States, and served as a board member of several listed companies, including Siemens Gamesa Renewable Energy, S.A. and Neoenergia, S.A.^[11]

During this period, the Spanish executive was also responsible for the financial performance and project development of the U.S. subholding company, with over $15 billion in investments, and helping it become one of the three largest renewable energy companies in the United States.^{[12][13][14][15]}

Pedro Azagra has represented Spanish business interests in the United States, participating in international events such as those organized by the Spain-U.S. Chamber of Commerce in New York.^[16] He was also a member of the Board of Directors and Executive Committee of the Edison Electric Institute (EEI) in the United States, and on the board of Yale New Haven Hospital in Connecticut.^[17][18][19]

Since June 2025, Pedro Azagra has been CEO of Iberdrola Group.^[20][21][22]