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EDP CEO to Exit in 2027 After Decades of Service
5 Nov
Summary
- CEO Miguel Stilwell d'Andrade will depart EDP in April 2027.
- He has led the clean energy giant since 2021.
- EDP is a leading renewable energy producer, fourth globally in wind.
Miguel Stilwell d'Andrade, CEO of Portuguese utility EDP, has decided not to seek another term and will step down in April 2027. He has led the company since 2021 and has been with EDP for 25 years.
Stilwell d'Andrade stated that the timing felt right for him to step aside after extensive reflection. He emphasized that the transition would focus on continuity, as the company is in a strong position with robust results and a solid balance sheet.
EDP has established itself as a prominent European clean-energy group. It generates approximately 90% of its electricity from renewable sources and is the parent company of EDP Renewables, the fourth-largest wind power producer globally.
The utility's General and Supervisory Board will manage the succession process. An independent international executive search firm will support the search for both internal and external candidates, ensuring a smooth handover before the 2027 shareholders' meeting.
