ORANGE, Conn.--(BUSINESS WIRE)--Jul 16, 2026--
Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced a planned leadership transition within its Finance organization.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260716441464/en/
Effective July 15, 2026, the company promoted Ryan Shields to Senior Vice President, Finance & Corporate Development, and Teresa Bradford to Senior Vice President & Controller – Avangrid. The changes return to Avangrid's previous organizational model, with both leaders reporting to the CEO and joining Avangrid’s Management Committee.
Shields, who currently serves as Senior Vice President of Corporate Development, will assume responsibility for Finance & Corporate Development. In his new role, he will oversee treasury, corporate development, sustainability, financial strategy, capital allocation, and long-term growth initiatives. Since joining Avangrid in 2019, Shields has held several leadership positions within Corporate Development and has led numerous strategic transactions and enterprise initiatives.
Bradford, who currently serves as Vice President, Strategic Initiatives Controller, brings extensive experience across accounting, financial reporting, business development, and operational finance. During her long tenure with the company and its predecessor organizations, she has held a series of leadership roles spanning both finance and strategic growth functions.
“Ryan and Teresa are highly respected leaders whose experience, expertise, and deep understanding of our business have helped shape many of Avangrid’s most important initiatives,” saidAvangrid CEO Jose Antonio Miranda. “Ryan brings a unique combination of financial expertise, strategic vision, and a strong track record of creating long-term value for our stakeholders, while Teresa’s broad experience across our organization, commitment to excellence, collaborative leadership style, and focus on financial discipline make her exceptionally well-suited for this role. Their involvement in key strategic projects and transactions over many years will ensure a seamless transition as they take on these expanded leadership responsibilities. Please join us in thanking Justin and congratulating Ryan and Teresa on their new roles.”
The appointments underscore Avangrid’s commitment to leadership development, succession planning, and building a strong financial organization to support the company’s continued growth and investment in energy infrastructure.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has corporate offices in Connecticut, New York, Massachusetts, Maine, and Oregon, and operations across 25 states with approximately $50 billion in assets. Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. It also owns and operates nearly 100 energy generation facilities across the United States with a capacity of more than 11 Gigawatts, enough to power over 3 million homes. Avangrid employs approximately 8,500 people and was named among the World’s Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group. For more information, visit http://www.avangrid.com.
Avangrid Announces Finance Leadership Appointments
Avangrid Announces Finance Leadership Appointments
UVALDE, Texas (AP) — There has been “one loss of life” in the catastrophic flooding sweeping across Texas Hill Country, Gov. Greg Abbott said Thursday.
Drones and helicopters are flying over the region still recovering from devastating floods just a year ago, the governor said.
“Our number one focus is saving lives,” Abbott said.
Rescuers have been plucking stranded drivers and people trapped in homes since floodwaters began rising quickly overnight Thursday.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
UVALDE, Texas (AP) — Rescuers plucked stranded drivers and people trapped in homes from catastrophic flooding in Texas while many more fled to higher ground Thursday across a region still recovering from devastating floods just a year ago.
After days of pounding rain, the National Weather Service in San Antonio said a “large and deadly flood wave” was barreling down the same river wrecked by flash floods last summer when two dozen children and counselors were killed at Camp Mystic. There was no immediate word of any deaths or injuries from the latest flooding.
Forecasters urgently warned “Move to higher ground now!” as rivers rose hour by hour, turning them into fast-moving seas of white water. Several tornado warnings were also issued.
The Texas Hill Country floods over the July Fourth holiday last year killed more than 100 people.
“It’s crazy happening two times in one year,” said Josiah Rodriguez, who woke to the sound of heavy rain around 2 a.m. Thursday in Kerrville. He navigated flooded roads to help evacuate relatives.
“Last year there was no warning of it,” he said. “It just kind of happened overnight and it took everyone by surprise. This year, a lot more alerts have gone into place, a lot more safety measures.”
Residents said they were caught off guard a year ago and didn’t receive any warning when floods overtopped the Guadalupe River. Some local leaders were criticized for not acting quickly.
The storms and flooding this time threatened multiple counties close to the border with Mexico and in the Texas Hill Country near San Antonio. City officials in Kerrville urged people to shelter at the highest levels of their homes.
Images along a creek in Kerr County showed propane tanks that had been pushed onto a bridge and a mess of tangled trees.
Floodwaters overran the city of Uvalde overnight, cutting off outside access. The Leona River, normally dry most of the year, filled streets with water.
“People really can’t get anywhere” said Carmen Rodriguez, who was nervously watching water engulf her neighborhood Thursday morning as a helicopter roared overhead. “We have a place to go, but all the streets are closed.”
Phones buzzed with warnings throughout the night warning of flash floods in the morning. Rodriguez said it seemed that authorities were well prepared. By Wednesday, Uvalde police had ordered some mandatory evacuations, with first responders notifying people directly.
Uvalde officials sent out rescue boats and found multiple people trapped in vehicles overnight, said Juli Alvarado, a spokesperson for Uvalde police.
“There’s no way into the city at this point,” she said.
Texas Game Wardens rescued more than 40 people and evacuated about a dozen others, mostly in the Uvalde County area, according to a Texas Parks and Wildlife Department spokesperson.
The floodwaters were expected to reach a crest similar to last year's flood, the weather service said.
Gauges in some spots along the Guadalupe River showed it rose by more than 30 feet (9 meters) in just hours overnight. One gauge outside Kerrville showed the river had risen 32 feet (9.7 meters) in four hours.
Close to Camp Mystic, which remains shut, the Guadalupe River near Hunt reached about 20.5 feet (6.3 meters), according to a U.S. Geological Survey gauge, which is just under the level expected to inundate structures and roads.
Volunteer firefighters spent the night helping people evacuate their homes and answering calls about rising water in Ingram, just up river from Hunt, where summer camps dot the shores of the Guadalupe, Ingram Mayor Claud Jordan said Thursday morning.
While the water didn’t rise as high as a year ago, he believes this round of flooding was more widespread and “worse” in his city. “The rural part of Ingram, all the roads are just trashed,” he said.
“There are a bunch of businesses that haven’t reopened from last year. They’re still trying to rebuild from the July 4 floods,” Jordan said. “This doesn’t help.”
Residents at an RV park in Comfort, Texas, near the Guadalupe River moved their trailers as local fire department sirens sounded, manager Duke Earwood said Thursday.
Water rose over the hoods of vehicles parked closest to the river.
While the water started to recede, another surge was expected, Earwood said at the Comfort RV Resort, which has about 200 residents. “People need to know to just kind of stay put for now,” he said.
Markers showed the flooding already matched the level from the big flood last July.
“Too familiar for sure, and too soon,” Earwood said.
The Texas Hill Country is especially prone to flash floods because the area’s signature limestone is covered by just a thin layer of soil. During heavy rains, water can quickly shoot downhill before quickly filling the narrow river basins.
The weather service said 10 to 20 inches of rain (25 to 50 centimeters) had fallen in the past two days, with 8 inches (20 centimeters) in just two hours early Thursday.
The deluge dumped nearly a foot of rain in some counties and put people in multiple counties under flood watches, with some were expected to remain in effect through Friday evening.
Texas Gov. Greg Abbott issued disaster declarations for dozens of counties. As of late Wednesday, six million residents in 57 counties were under a National Weather Service flood watch.
Stengle reported from Dallas. Associated Press writers Christopher L. Keller in Albuquerque, New Mexico; Dave Collins in Hartford, Connecticut; Michael Phillis in Washington; Claudia Lauer in Philadelphia; Kathy McCormack in Concord, New Hampshire; and John Seewer in Toledo, Ohio, contributed.
Mike Erulenfeld and Kala Martin walks back to his truck after watching as the Pedernales River floods near Old Kerr Highway on Thursday, July 16, 2026, in Fredericksburg, Texas. (AP Photo/Joel Angel Juarez)
The Pedernales River floods along State Highway 16 on Thursday, July 16, 2026, in Fredericksburg, Texas. (AP Photo/Joel Angel Juarez)
Mike Erulenfeld and Kala Martin watch as the Pedernales River floods near Old Kerr Highway on Thursday, July 16, 2026, in Fredericksburg, Texas. (AP Photo/Joel Angel Juarez)
The Pedernales River floods underneath State Highway 87 on Thursday, July 16, 2026, in Fredericksburg, Texas. (AP Photo/Joel Angel Juarez)
A small fish is stranded on a sidewalk after flood waters subsided on Wednesday, July 15, 2026, in Boerne, Texas. (AP Photo/Darren Abate)
Reece Noble, left, and Gavyn Steffek, photograph a tortoise they found in flood waters on Wednesday, July 15, 2026, in Boerne, Texas. (AP Photo/Darren Abate)
Members of the Boerne Fire Dept. rescue a woman from flood waters on Wednesday, July 15, 2026, in Boerne, Texas. (AP Photo/Darren Abate)
A flood-damaged car hangs from a fence on Wednesday, July 15, 2026, in Boerne, Texas. (AP Photo/Darren Abate)
Members of the Boerne Fire Dept. prepare to perform a water rescue on Wednesday, July 15, 2026, in Boerne, Texas. (AP Photo/Darren Abate)
