2023-04-29 09:40:00
Iberdrola’s general meeting of shareholders yesterday re-elected Ignacio Sánchez Galán as company president and ratified the appointment of Armando Martínez as CEO, with an average of 98% support for all agenda items, reports Europa Press.
In his speech, Galán defended the company’s strategic plan, which calls for record profits to “well” exceed 5,000 million euros by 2025, 25% more than this year, and that the dividends will increase according to the results. The same goes for staff recruitment for that year, which is expected to reach 12,000 new employees.
Besides, he assured that the 2023-2025 strategic plan, presented in November, represents a “giant step” and will allow the company to accelerate its record investment commitment of 47,000 million euros for this period.
In this regard, the re-elected President felt that global electricity demand might double in the next 20 yearswhich will require investments of more than 25 billion euros, “consolidating” the electricity sector as a “key” agent of economic activity and job creation.
On the other hand, Galán defended Iberdrola’s commitment to the Basque Country and sent a message of tranquility, because the company will continue to work in the territory.
“You can be sure that this company has been committed to this territory for 120 years and will be doing so for at least another 120 years. So rest assured that we will continue here”I confirmed M. Galán.
He also assured that the contribution to the Basque economy represents approximately 2.5% of Basque GDPwith approximately 2,700 million euros in the form of investments, purchases and tax contributions.
Galán’s statements on the company’s permanence in the Basque Country come following Ferrovial’s shareholders’ meeting approved its relocation from Spain to the Netherlandsa move that sparked controversy with the Spanish government.
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