| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 5, 2019, the Board of Directors (the “Board”) of Avangrid, Inc. (the “Corporation”), upon the proposal of the Chief Executive Officer and the recommendation of the Compensation, Nominating and Corporate Governance Committee (the “Committee”), appointed Robert Kump as Deputy Chief Executive Officer and President of the Corporation. The Committee has not yet determined the compensation payable to Mr. Kump in connection with the commencement of this new role. The Corporation will file an amendment to this current report on Form8-K within four business days of such determination.
Mr. Kump, age 57, served as chief executive officer and president of Avangrid Networks, Inc., a wholly-owned subsidiary of the Corporation, since November 2010. Mr. Kump also served as a member of the Avangrid Networks, Inc. board of directors, as a director and officer of a number of Avangrid Networks, Inc. subsidiaries, including, without limitation, as a director of Central Maine Power Company, New York State Electric & Gas Corporation, and Rochester Gas and Electric Corporation, and as the president and a director of the Avangrid Foundation. Mr. Kump joined New York State Electric & Gas Corporation, a wholly-owned subsidiary of the Corporation, in 1986 and has held various senior leadership positions with the Corporation including chief corporate officer, senior vice president and chief financial officer, vice president, controller and chief accounting officer, treasurer, and secretary. Mr. Kump also serves as the president and a director of the Avangrid Foundation. Mr. Kump earned a B.A. in accounting from Binghamton University.
Mr. Kump does not have any family relationships with any director or executive officer of the Corporation and there are no transactions between Mr. Kump, on the one hand, and the Corporation, on the other hand, that would be reportable under Item 404(a) of RegulationS-Kunder the Securities Act of 1933, as amended.
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