Iberdrola Names Pedro Azagra as Its CEO After Martinez Resigns

Pedro Azagra — Pedro AzagraPhotographer: Aaron M. Sprecher/Bloomberg

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By Clara Hernanz Lizarraga

June 24, 2025 at 8:00 AM EDT

Spanish power company Iberdrola SA named Pedro Azagra as its new chief executive officer, replacing Armando Martinez.

Martinez offered to resign, according to a regulatory filing from Iberdrola, one of the world’s biggest renewable energy developers.