The vice president and financial director of Avangrid, Patricia Cosgel, presented her resignation on October 19, effective November 24 for personal reasons. Cosgel’s departure comes as the company is still waiting to take steps forward to buy PNM Resources and is in the middle of a process to sell its renewable assets.
Cosgel was promoted to Chief Financial Officer of Avangrid on July 25, 2022. The executive has more than 30 years of experience in the financial sector and in the financial functions of the utility sector. He has worked at Avangrid since 2015, after the merger with Iberdrola USA, when he joined from UIL Holdings Corporation, where he held the position of Vice President and Treasurer. He has served as Avangrid’s Interim Chief Financial Officer since February 2022 and was previously the company’s Vice President of Investor Relations, responsible for managing relations with investors and equity research analysts and for performance and outlook communications. strategic and financial of the company. Prior to UIL, he worked for 12 years at Eversource, where he held various positions in the financial area, including Deputy Treasurer and Director of Enterprise Risk Management.
The US subsidiary of Iberdrola will appoint Justin Lagasse, Senior Vice President – Controller, as interim Chief Financial Officer of the Corporation following the departure of Cosgel.
Lagasse, 35, was appointed Interim Comptroller on July 7, 2023 and Senior Vice President – Comptroller on July 18, 2023.
He most recently served as Vice President – Chief Accounting Officer of Avangrid Management Company, LLC, a wholly owned subsidiary of the Corporation, from September 2021 to July 7, 2023.
Prior to joining the Corporation, he served as Assurance Director at BDO USA from August 2012 to September 2017 and Assurance Senior at Berry Dunn from January 2008 to July 2012.
The manager has a Bachelor of Science in Accounting and a Master of Business Administration from Thomas College and is a certified public accountant.
As indicated by the company to the US regulatory body, Lagasse will not receive any additional compensation from the Corporation in connection with his service as Interim Chief Financial Officer.
Lagasse has no family relationship with any director or officer of the Company, and there are no transactions between the two parties that affect the interests of the Company.