Iberdrola Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Armando Martínez

Chief executive officer

€1.9m

Total compensation

CEO salary percentage	52.8%
CEO tenure	2.1yrs
CEO ownership	n/a
Management average tenure	2.1yrs
Board average tenure	7.1yrs

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
Sep 30 2024	n/a	n/a	€6b
Jun 30 2024	n/a	n/a	€6b
Mar 31 2024	n/a	n/a	€6b
Dec 31 2023	€2m	€1m	€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 ($USD2.00M) is below average for companies of similar size in the German market ($USD4.85M).

Compensation vs Earnings: Armando's compensation has increased by more than 20% in the past year.

CEO

Armando Martínez (56 yo)

2.1yrs

Tenure

€1,895,000

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	23.5yrs	€6.47m	0.17% € 145.6m
Armando Martínez	CEO & Director	2.1yrs	€1.90m	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	8.8yrs	no data	no data
Maria Herrera Pereda	Director of Compliance	3.8yrs	no data	no data
David Mesonero Molina	Global Head of Corporate Development	no data	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	less than a year	no data	no data

2.1yrs

Average Tenure

56yo

Average Age

Experienced Management: IBE1's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jose Sanchez Galan	Executive Chairman	23.5yrs	€6.47m	0.17% € 145.6m
Armando Martínez	CEO & Director	2.1yrs	€1.90m	no data
Anthony Gardner	Second Independent Vice-Chairman of the Board	6.6yrs	€760.00k	no data
Inigo de Oriol Ibarra	Other External Independent Director	18.6yrs	€334.00k	0.021% € 17.1m
Maria Antolin Raybaud	Independent Director	14.7yrs	€327.00k	no data
Manuel Munaiz	Independent Director	9.8yrs	€480.00k	no data
Juan Gonzalez Serna	First Vice-Chairman & Lead Independent Director	7.7yrs	€791.00k	no data
Angel Jesus Acebes Paniagua	Independent Director	4.1yrs	€766.00k	no data
Xabier Sagredo Ormaza	Independent Director	8.6yrs	€405.00k	no data
Sara De La Rica Goiricelaya	Independent Director	5.7yrs	€609.00k	no data
Regina Jorge Nunes	Independent Director	4.6yrs	€350.00k	no data
Maria Alcala Diaz	Independent Director	3.1yrs	€597.00k	no data

7.1yrs

Average Tenure

62yo

Average Age

Experienced Board: IBE1's board of directors are considered experienced (7.1 years average tenure).

Iberdrola Management

Management criteria checks 3/4

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

Recent updates

Dividend of €0.19 announced

Iberdrola, S.A. (BME:IBE) completed the acquisition of 85.6% stake in Electricity North West Limited from Equitix Investment Management Limited, CNIC Corporation Limited, a Japanese consortium of investors led by The Kansai Electric Power Company, Incorporated (TSE:9503) and others.

Now 21% overvalued after recent price rise

Now 21% overvalued after recent price rise

Iberdrola, S.A. (BME:IBE) signed an agreement to acquire 88% stake in Electricity North West Limited from North West Electricity Networks (Jersey) Limited for £2.1 billion.

Iberdrola, S.A. (BME:IBE) signed an agreement to acquire 88% stake in Electricity North West Limited for £2.1 billion.

Premier Energy PLC completed the acquisition of Viteazu Wind Farm from Iberdrola, S.A. (BME:IBE).

Second quarter 2024 earnings released: EPS: €0.21 (vs €0.16 in 2Q 2023)

Iberdrola, S.A. (BME:IBE) acquired 80% stake in Balantia.

Glentra Fund I K/S, managed by Glentra Capital P/S completed the acquisition of Kyoto Group AS (OB:KYOTO) from Spirax Group plc (LSE:SPX), Iberdrola, S.A. (BME:IBE) and KM New Energy AS and others.

Glentra Fund I K/S and Glentra Capital P/S proposed to acquire remaining majority stake in Kyoto Group AS (OB:KYOTO) from Spirax Group plc (LSE:SPX), Iberdrola, S.A. (BME:IBE) and KM New Energy AS and others.

Dividend of €0.28 announced

Premier Energy SRL reached an agreement to acquire Eolica Dobrogea One, S.R.L. from Iberdrola, S.A. (BME:IBE) for €88 million.

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

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

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