AVANGRID, Inc., a leading sustainable energy company, and part of the Iberdrola Group, announced the appointment of Patricia Cosgel as Chief Financial Officer. She will assume the role immediately and will oversee Treasury, Control and Administration, Investor Relations, Risk and Tax. In addition, she will have responsibility for our ESG+F program and reporting requirements.
“I’m happy to add Patricia to our strong and diverse executive leadership team,” said Pedro Azagra, CEO of AVANGRID. “Patricia has extensive financial and investor experience in the energy industry that will be an important asset to our team. I expect her leadership to continue driving our financial strength as a leading sustainable energy company in the U.S.”
Ignacio Galán, Chairman of AVANGRID said “Patricia brings the necessary financial skills to support the continued growth of AVANGRID and deliver strong financial results.”
Cosgel has more than 30 years of experience in the financial industry and financial roles in the utility industry. She has been with AVANGRID since 2015, after the merger with Iberdrola USA, when she joined from UIL Holdings Corporation, where she was Vice President and Treasurer.
She has served as AVANGRID’s Interim Chief Financial Officer since February 2022 and previously was Vice President of Investor Relations for the company, responsible for managing investor and equity research analyst relationships and communications about the strategic and financial performance and outlooks of the AVANGRID companies. Prior to UIL, she spent a 12-year tenure with Eversource where she held various roles in the finance function, including Assistant Treasurer and Director of Enterprise Risk Management.
“I’m excited to be stepping into this role and bringing AVANGRID’s financial stewardship to the next level,” said Patricia Cosgel, Chief Financial Officer. “Our financial sustainability not only promotes our ESG-led business strategy but is a result of it. At AVANGRID, we know the importance of investing in the future today. I look forward to working alongside Pedro and all my colleagues to achieve the company’s ambitious goals.”
Cosgel holds a master’s degree in economics from the University of Iowa, where she passed all PhD qualifying examinations, and a bachelor’s degree in economics from Dickinson College, where she graduated Phi Beta Kappa and Magna Cum Laude. She will report to Azagra.