AVANGRID Announces Audit and Compliance Committee Composition
November 11 2016 - 11:32AM
Business Wire
Avangrid, Inc. (NYSE:AGR) announced today that, as previously
described in Avangrid’s proxy statement for its 2016 annual meeting
of shareholders, Juan Carlos Rebollo Liceaga has resigned from
Audit and Compliance Committee of the Avangrid Board of Directors,
effective today, November 11, 2016. Mr. Rebollo Liceaga will remain
a member of the Board of Directors. Mr. Rebollo Liceaga served as a
member of the Audit and Compliance Committee pursuant to the
phase-in period for audit committee independence under the NYSE
rules. Following Mr. Rebollo Liceaga’s resignation, the Audit and
Compliance Committee will be comprised of four independent
directors, Ms. Carol L. Folt, Mr. John L. Lahey, Mr. Alan D.
Solomont, and Ms. Elizabeth Timm.
Avangrid, Inc. (NYSE: AGR) is a diversified energy and utility
company with more than $30 billion in assets and operations in 25
states. The company operates regulated utilities and electricity
generation through two primary lines of business. Avangrid Networks
includes eight electric and natural gas utilities, serving more
than 3.0 million customers in New York and New England. Avangrid
Renewables operates 6.3 gigawatts of electricity capacity,
primarily through wind power, in states across the United States.
AVANGRID employs approximately 7,000 people. The company was formed
through a merger between Iberdrola USA, Inc. and UIL Holdings
Corporation in 2015. Iberdrola S.A. (Madrid: IBE), a worldwide
leader in the energy industry, owns 81.5% of AVANGRID. For more
information, visit www.avangrid.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161111005499/en/
Avangrid, Inc.Analysts:Patricia Cosgel,
203-499-2624orMedia:Michael West Jr., 203-499-3858
Avangrid (NYSE:AGR)
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