Avangrid Announces Finance Leadership Transition to Support Long-Term Growth Strategy
Avangrid, Inc., one of the leading energy companies in the United States and a member of the Iberdrola Group, has announced significant leadership changes within its finance organization as part of its ongoing efforts to strengthen corporate governance and position the company for future growth. The appointments, effective July 15, 2026, reflect Avangrid’s continued focus on leadership development, succession planning, and building a strong financial framework to support expanding investments across the energy sector.
Under the announced changes, Ryan Shields has been promoted to Senior Vice President, Finance & Corporate Development, while Teresa Bradford has been elevated to the role of Senior Vice President and Controller of Avangrid. Both executives will report directly to the company’s Chief Executive Officer and become members of Avangrid’s Management Committee, restoring the company’s previous organizational structure and enhancing strategic alignment across business operations.
The appointments come at a pivotal time for the energy industry as utilities and energy infrastructure companies face increasing demands for grid modernization, renewable energy deployment, electrification initiatives, and capital investment. By strengthening its finance leadership team, Avangrid aims to reinforce its ability to manage large-scale investments while maintaining financial discipline and delivering long-term value to shareholders and customers.
Ryan Shields will assume expanded responsibilities that encompass finance and corporate development functions across the organization. In his new position, he will oversee several critical areas, including treasury operations, corporate development activities, sustainability initiatives, financial planning and strategy, capital allocation decisions, and long-term growth programs.
Since joining Avangrid in 2019, Shields has played an important role in advancing the company’s strategic objectives. Throughout his tenure, he has held several senior leadership positions within Corporate Development and has been instrumental in executing key transactions and enterprise initiatives that have contributed to Avangrid’s growth trajectory.
His experience in financial strategy and corporate transactions has helped shape numerous projects across the company’s portfolio, positioning Avangrid to capitalize on emerging opportunities in renewable energy, transmission infrastructure, and grid modernization. Industry observers note that having an executive with a strong background in both finance and strategic development is increasingly important as utilities navigate a rapidly evolving energy landscape characterized by significant capital requirements and changing market dynamics.
As Senior Vice President, Finance & Corporate Development, Shields is expected to play a central role in evaluating future investments, optimizing capital deployment, and supporting Avangrid’s efforts to accelerate the transition toward cleaner energy systems while maintaining financial strength.
Teresa Bradford’s promotion similarly reflects the company’s emphasis on developing internal talent and leveraging experienced leaders with deep institutional knowledge. Bradford currently serves as Vice President, Strategic Initiatives Controller, and brings decades of experience spanning accounting, financial reporting, operational finance, and business development.
Over the course of her career with Avangrid and its predecessor organizations, Bradford has held numerous leadership positions that have given her extensive insight into the company’s operations, financial systems, and strategic priorities. Her broad expertise across multiple functional areas positions her well to lead the organization’s accounting and financial reporting activities during a period of significant growth and transformation.
As Senior Vice President and Controller, Bradford will oversee key financial reporting and control functions while supporting the company’s efforts to maintain strong governance standards and operational excellence. Her appointment is expected to further strengthen Avangrid’s financial management capabilities and ensure continuity across its expanding business operations.
Commenting on the leadership transition, Avangrid Chief Executive Officer Jose Antonio Miranda emphasized the significant contributions both executives have made to the company over the years and expressed confidence in their ability to lead the finance organization into its next phase.
According to Miranda, Shields and Bradford have earned widespread respect within the organization through their expertise, leadership capabilities, and deep understanding of Avangrid’s business operations. He highlighted Shields’ unique combination of financial acumen and strategic vision, noting his proven ability to create long-term value for stakeholders.
Miranda also praised Bradford’s extensive experience across the organization, emphasizing her collaborative leadership style, commitment to excellence, and focus on maintaining financial discipline. He noted that both leaders have been actively involved in many of the company’s most significant strategic initiatives and transactions, making them well-positioned to ensure a smooth and seamless transition into their expanded responsibilities.
The CEO further acknowledged the contributions of outgoing leadership and encouraged employees and stakeholders to support the newly appointed executives as they assume their new roles.
The leadership changes underscore Avangrid’s broader strategy of investing in internal talent and ensuring organizational continuity through thoughtful succession planning. In an industry undergoing rapid transformation, utility companies are increasingly recognizing the importance of cultivating experienced leaders capable of managing complex financial and strategic challenges.
Avangrid continues to pursue substantial investments in energy infrastructure, including renewable generation projects, transmission systems, and grid modernization initiatives. These investments are essential for supporting growing electricity demand, improving system reliability, and advancing decarbonization goals across the regions the company serves.
Strong financial leadership will be critical as the company navigates evolving regulatory environments, rising infrastructure needs, and increasing stakeholder expectations related to sustainability and corporate performance. By placing experienced executives in key leadership roles, Avangrid aims to enhance its ability to execute long-term growth strategies while maintaining sound financial management practices.
As a member of the Iberdrola Group, Avangrid remains a significant player in the North American energy market, operating across regulated utility and renewable energy businesses. The company’s continued emphasis on leadership development and financial excellence reflects its commitment to supporting future expansion and delivering sustainable value to customers, investors, employees, and communities.
With Ryan Shields and Teresa Bradford assuming expanded leadership responsibilities, Avangrid enters its next phase with a strengthened executive team focused on strategic growth, financial discipline, and continued investment in the energy infrastructure needed to support the evolving demands of the modern energy economy.
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