James P. Torgerson served as the CEO of Avangrid, a key player in the energy sector, from January 2016 until his retirement on June 23, 2020. Under his leadership, the company focused on sustainable energy solutions and significant capital investments,...
James P. Torgerson served as the CEO of Avangrid, a key player in the energy sector, from January 2016 until his retirement on June 23, 2020. Under his leadership, the company focused on sustainable energy solutions and significant capital investments, amounting to approximately $1.7 billion in 2018. Torgerson's compensation reflected his performance-centric approach, peaking at about $5.7 million in 2018 due to a special bonus for successful strategic initiatives. He had a knack for navigating the complexities of corporate transitions, particularly after Avangrid's merger with UIL Holdings. Interestingly, he had substantial insider holdings, with a recorded value fluctuating from approximately $22.36 million in September 2019, down to about $4.57 million by October 2023, signaling some major trading activity. His focus was always aligned with long-term business goals, emphasizing operational efficiency and financial health. Torgerson’s experience and decision-making were integral during a transformative period for Avangrid, navigating challenges while pushing sustainable energy initiatives forward.