Today AVANGRID, Inc. (NYSE: AGR), a diversified clean energy company,
announced the appointment of Robert Kump, currently President & CEO of
Avangrid Networks, to the newly created role of Deputy CEO & President.
James P. Torgerson, who became CEO of AVANGRID when the company was
created by the merger of UIL and Iberdrola in 2015, will remain CEO.
Kump will report to Torgerson.
Kump has over three decades of experience in the energy sector, having
held a number of executive positions at Energy East, Iberdrola USA and
now AVANGRID. Kump was appointed to lead the company’s Networks business
in 2015, overseeing eight electric and gas utilities, including The
Berkshire Gas Company, Central Maine Power Company, Connecticut Natural
Gas Corporation, New York State Electric & Gas Corporation, Rochester
Gas and Electric Corporation, The Southern Connecticut Gas Company and
The United Illuminating Company.
Kump will be succeeded by Anthony Marone as President & CEO of AVANGRID
Networks. Currently, Marone is President & CEO of Networks’ subsidiary
UIL Holding and the company’s utilities in Massachusetts and Connecticut
including The Berkshire Gas Company, Connecticut Natural Gas
Corporation, The Southern Connecticut Gas Company and The United
Illuminating Company and he is responsible for regulatory, asset
management and planning for AVANGRID Networks. Marone has held
leadership positions in Engineering, Marketing and Customer Service
since joining UIL in 1987.
In addition to these appointments, the company is creating a new role of
Chief Operations Officer of AVANGRID Networks, reporting to Marone, and
responsible for the supervision, management and oversight of the
day-to-day operations of the Networks business. A search is underway to
identify the best candidate to fill this new position.
“These changes will enable us to continue to successfully execute on our
strategic plan and look critically at how we can accelerate our path to
lead the industry in sustainability, innovation and performance with a
great workplace culture, and a reputation for delivering clean, reliable
and affordable energy for our customers,” said Torgerson. “Bob and I
have developed a strong working relationship over the last four years
and we share a vision to transform AVANGRID’s business to deliver our
ambition to be a top tier clean energy company in the US,” Torgerson
continued. “I have worked with Tony for many years and am very confident
in his leadership as he takes the reins from Bob to oversee our Networks
business.”
“AVANGRID has a long runway for growth. It is already leading the clean
energy transformation in the US,” said Ignacio Galán, Chairman of the
Board. “Moving forward with a focus on innovation and efficiencies, as
well as achieving positive outcomes in ongoing regulatory proceedings,
requires continued assessment to ensure that the organization of the
AVANGRID Group optimizes the strengths of the Group’s experienced
management team and provides effective and efficient supervision and
decision-making.”
“Under Jim’s leadership, AVANGRID has achieved a quick and successful
integration and has engaged in a strategy to become a leading clean
energy company. With Bob’s appointment, I know together they will
continue along the same path. With his extensive experience, I am also
pleased that Tony will be taking the helm of AVANGRID Networks,”
continued Galán.
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.
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