Iberdrola España has appointed José Sainz Armada, Chief Financial Officer of the Iberdrola Group, as the company's chairman

With this appointment, the chairmanship of Iberdrola España is now also held by an executive from the Iberdrola Group, as is already the case with other sub-holdings
Mario Ruiz-Tagle remains chief executive of the Iberdrola Group's Spanish sub-holding

Management Team

Portrait of an executive in suit with arms crossed on a neutral white and green background.

José Sainz Armada, new chairman of Iberdrola España

Iberdrola España has today appointed José Sainz Armada chairman; he will combine this role with his current duties as chief financial officer of the Iberdrola Group, of which the sub-holding company forms part.

His appointment recognises Sainz Armada's role in the Iberdrola Group's sustained growth and international consolidation, always in line with maintaining financial strength and a policy of increasing dividends. Over the course of nearly 25 years as CFO, José Sainz has also become a leading figure in the sector in the eyes of the financial markets.

With this appointment Iberdrola España will now also be chaired by an executive from the Iberdrola Group, in line with the model already in place at other subholding companies such as ScottishPower (United Kingdom), Avangrid (United States) and Neoenergia (Brazil), chaired by Ignacio S. Galán, or Iberdrola Energía Internacional, chaired by Hugh Elliott.

A key figure in Iberdrola Group's growth and financial strength

José Sainz Armada (Madrid, 1959) holds a degree in Law and Business Administration from ICADE and an MBA from INSEAD, and has had an extensive career in the financial and energy sectors. Before joining Iberdrola in 2002, he held senior positions at J.P. Morgan, Argentaria and BBVA.

He has served as Chief Financial Officer of the Iberdrola Group for almost 25 years and has been named the best CFO in the sector in Europe on several occasions at awards such as those organised by Institutional Investor, Extel and IR Magazine.

José Sainz is also a director of ScottishPower, Neoenergia and Avangrid and chairman of Iberdrola Inmobiliaria.

Iberdrola España has appointed José Sainz Armada, Chief Financial Officer of the Iberdrola Group, as the company's chairman

Iberdrola España has appointed José Sainz Armada, Chief Financial Officer of the Iberdrola Group, as the company's chairman

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