Armando Martínez replaces Ignacio Sánchez Galán as CEO of Iberdrola


The company has agreed to separate both functions. Sánchez Galán, who has served as CEO since 2001, will continue as executive chairman. Until now, Martínez was General Director of Business.

Euskaraz irakurri: Armando Martinez izango da Iberdrolako kontseilari delegatua, Ignacio Sanchez Galanen orders

Iberdrola It’s agreed disassembling the accusations of Director and from Director of the company, appointment to this latter position Armando Martinez Martinezso far CEO of Companywhile Ignacio Sanchez Galan will stay as Directoras reported by the power company to the National Securities Market Commission (CNMV).

Armando Martínez has also been appointed director of Iberdrola, with the qualification of executive, through the co-option procedure and on the proposal of the nomination committee. For example, it covers the vacancy resulting from the departure of Francisco Martínez Córcoles from his position as director; Martínez Córcoles has made his position available to the Board of Directors to facilitate changes in the company’s governance.

Sánchez Galán is thus no longer CEO of Iberdrola, a position he has held since 2001, and will remain as chairman, a responsibility he assumed in 2006, replacing Íñigo de Oriol.

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Source: EITB


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