Iberdrola Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Armando Martínez

Chief executive officer

€250.0k

Total compensation

CEO salary percentage	73.6%
CEO tenure	1.5yrs
CEO ownership	n/a
Management average tenure	1.5yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Armando Martínez's remuneration changed compared to Iberdrola's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	€6b
Dec 31 2023	n/a	n/a	€5b
Sep 30 2023	n/a	n/a	€5b
Jun 30 2023	n/a	n/a	€5b
Mar 31 2023	n/a	n/a	€5b
Dec 31 2022	€250k	€184k	€4b

Compensation vs Market: Armando's total compensation ($USD267.44K) is below average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Insufficient data to compare Armando's compensation with company performance.

CEO

Armando Martínez (55 yo)

1.5yrs

Tenure

€250,000

Compensation

Mr. Armando Martínez Martínez serves as Chief Executive Officer and Director of Iberdrola, S.A. since October 25, 2022. Mr. Martínez served as Business CEO of the Iberdrola group at Iberdrola, S.A. since 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jose Sanchez Galan	Executive Chairman	22.9yrs	€6.25m	0.17% € 125.3m
Armando Martínez	CEO & Director	1.5yrs	€250.00k	no data
Jose Armada	Director of Finance	no data	no data	no data
Ignacio Cuenca Arambarri	Director of Investor Relations and Communications	no data	no data	no data
Santiago Martinez Garrido	Director of Legal Services & Secretary	8.3yrs	no data	no data
Maria Herrera Pereda	Director of Compliance	3.3yrs	no data	no data
Ramón Castresana	Director of Human Resources	no data	no data	no data
Agustín Delgado Martin	Chief Innovation & Sustainability Officer	no data	no data	no data
Carlos Sallé Alonso	Senior Vice President of Policies and Climate Change - Iberdrola	no data	no data	no data
Ainara De Elejoste Echebarria	Second Deputy Secretary of the Board and Head of the Corporate Documentation & Corporate Affairs	no data	no data	no data
Katya Somohano Silva	CEO of Iberdrola Mexico	no data	no data	no data

1.5yrs

Average Tenure

55yo

Average Age

Experienced Management: IBE1's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jose Sanchez Galan	Executive Chairman	22.9yrs	€6.25m	0.17% € 125.3m
Armando Martínez	CEO & Director	1.5yrs	€250.00k	no data
Anthony Gardner	Second Independent Vice-Chairman of the Board	6yrs	€760.00k	no data
Inigo de Oriol Ibarra	Other External Independent Director	18yrs	€334.00k	0.020% € 14.7m
Maria Antolin Raybaud	Independent Director	14.1yrs	€327.00k	0% € 0
Manuel Munaiz	Independent Director	9.2yrs	€322.00k	0% € 0
Juan Gonzalez Serna	First Vice-Chairman & Lead Independent Director	7.1yrs	€549.00k	0% € 0
Angel Jesus Acebes Paniagua	Independent Director	3.5yrs	€766.00k	no data
Xabier Sagredo Ormaza	Independent Director	8yrs	€527.00k	no data
Sara De La Rica Goiricelaya	Independent Director	5.1yrs	€609.00k	0% € 0
Regina Jorge Nunes	Independent Director	4yrs	€350.00k	no data
Maria Alcala Diaz	Independent Director	2.5yrs	€307.00k	no data

6.5yrs

Average Tenure

61yo

Average Age

Experienced Board: IBE1's board of directors are considered experienced (6.5 years average tenure).

Iberdrola Management

Management criteria checks 2/4

Key information

Recent management updates

Iberdrola, S.A., Annual General Meeting, May 17, 2024

Iberdrola SA Appoints Felipe Montero as Chief Executive Officer of Iberdrola Deutschland

Iberdrola, S.A., Annual General Meeting, Jun 17, 2022

Recent updates

First quarter 2024 earnings released: EPS: €0.43 (vs €0.23 in 1Q 2023)

Engie, Iberdrola and Funds Reportedly Eye Bids for Electricity North West

Iberdrola, S.A., Annual General Meeting, May 17, 2024

Iberdrola, S.A. (BME:IBE) received a non-binding proposal to acquire 18.4% stake in Avangrid, Inc. (NYSE:AGR) for $2.5 billion.

Full year 2023 earnings released: EPS: €0.76 (vs €0.66 in FY 2022)

Upcoming dividend of €0.26 per share at 4.3% yield

Iberdrola, S.A. to Report Fiscal Year 2023 Results on Feb 21, 2024

Norway's Sovereign Wealth Fund Reportedly Seeks to Buy into Iberdrola's 1 GW Renewable Capacity

New minor risk - Shareholder dilution

Second quarter 2023 earnings released

Upcoming dividend of €0.25 per share at 4.1% yield

CLP Says It Is Seeking ‘Long-Term Partner’ for EnergyAustralia

Norway's Fund Seeks to Buy into More of Iberdrola Renewable Assets

Iberdrola Denies Plan to Acquire RWE

Full year 2022 earnings released: EPS: €0.65 (vs €0.58 in FY 2021)

Iberdrola SA Appoints Felipe Montero as Chief Executive Officer of Iberdrola Deutschland

Iberdrola Reportedly Considers Sale of Stake in its U.S. Renewables Business

Norges Bank Investment Management entered into an agreement to acquire 49% stake in 1.3GW renewable infrastructure portfolio in Spain from Iberdrola, S.A. (BME:IBE) for EUR 600 million.

Norges Bank Investment Management entered into an agreement to acquire 49% stake in 1.3GW renewable infrastructure portfolio in Spain from Iberdrola, S.A. (BME:IBE) for EUR 600 million.

Upcoming dividend of €0.15 per share

Iberdrola, S.A. to Report First Half, 2023 Results on Jul 27, 2023

ArcelorMittall and CIP Reportedly Bid for Iberdrola Assets

Third quarter 2022 earnings released: EPS: €0.16 (vs €0.14 in 3Q 2021)

Origin Energy Reportedly Exits CWP Race

Third quarter 2022 earnings released: EPS: €0.17 (vs €0.14 in 3Q 2021)

Iberdrola Reportedly Explores Sale of Wind Assets in Romania, Hungary

Iberdrola Reportedly Looking to Sell 49% in 1.2 GW of Wind, Solar in Spain

Iberdrola, S.A. to Report Nine Months, 2022 Results on Oct 26, 2022

Energy Infrastructure Partners AG entered into an agreement to acquire 49% stake in Wikinger offshore wind farm in Germany from Iberdrola, S.A. (BME:IBE) for transaction valued at €700 million.

Energy Infrastructure Partners AG entered into an agreement to acquire 49% stake in Wikinger offshore wind farm in Germany from Iberdrola, S.A. (BME:IBE) for €700 million.

Chow Tai Fook Reportedly May Be Still Searching for an Investor for Its Alinta Energy

Iberdrola, S.A. (BME:IBE) agreed to acquire 98 MW of wind and solar projects in Poland from Augusta Energy SA.

Second quarter 2022 earnings released

Iberdrola Reportedly Bid for Goldwind

Iberdrola, S.A. to Report Q2, 2022 Results on Jul 27, 2022

Iberdrola, S.A., Annual General Meeting, Jun 17, 2022

First quarter 2022 earnings released: EPS: €0.17 (vs €0.16 in 1Q 2021)

Iberdrola, S.A. to Report Q1, 2022 Results on Apr 27, 2022

Iberdrola, S.A. (BME:IBE) acquired Onshore wind farm 1,000 MW in Australia.

Iberdrola Reportedly Aims to Sell Stakes in German Wind Farms

Full year 2021 earnings: Revenues exceed analyst expectations

Iberdrola, S.A. to Report Fiscal Year 2021 Results on Feb 23, 2022

Upcoming dividend of €0.14 per share

Second quarter 2021 earnings released

Upcoming dividend of €0.20 per share

New 90-day low: €10.00

Full year 2020 earnings released

Iberdrola, S.A. to Report Fiscal Year 2020 Results on Feb 24, 2021

New 90-day low: €11.00

New 90-day high: €11.76

Iberdrola, S.A. (BME:IBE) reached an agreement to acquire 50% stake in Sea Wind.

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day high: €11.33

Iberdrola, S.A. (BME:IBE) signed an agreement to acquire RES Japan K.K. from Green Investment Group Limited from Green Investment Group Limited.

New 90-day high - €11.13

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age