Sundar PichaiSundar Pichai earned $164M in 2023
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Pedro Azagra Blázquez

CEO of Avangrid

Education

Business degree and a law degree from Universidad Pontificia de Comillas and an MBA from the University of Chicago

Field of Expertise

Finance & Banking - Finance

Economy Sector

Utilities

Current Tenure

2 years 9 months (May 2022 - Present)

Previous Experience

Chief Development Officer of Iberdrola, S.A.

Pedro Azagra Blázquez is the CEO of Avangrid, Inc. and was appointed to the role in March 2022 after serving as the Chief Development Officer of Iberdrola for 14 years. He holds a unique blend of education with a business...

Year

2022

Total Compensation

$1.47M

Salary

$641.35K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate highly talented professionals while aligning with long-term business goals and values, without encouraging excessive risk-taking.

Bonus

$639.40K

Board Justification

Includes a one-time sign-on bonus and the portion of EVP plan payout with respect to performance assessment conducted by the board.

Other

$189.54K

Board Justification

Includes relocation expenses, tax gross-up on sign-on bonus, and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2022 as he was granted RSUs that vest in 2023 and 2024.

Performance Metrics

Adjusted net income, customer reliability, health and safety, renewables growth, and increased sustainable supplier base.