Business · Companies · 7 hrs ago
Cox names Patxi Sáez CEO and reorganizes its business
Cox has appointed Patxi Sáez as its new CEO, replacing Nacho Moreno.
Moreno will remain on the board, where he will lead work on strategic corporate deals, and will also head the president’s family office.
Sáez has more than 25 years of experience in energy and infrastructure, and will lead Cox’s next phase of growth.
The company is prioritizing Mexico and the rest of Latin America after completing its current strategic plan ahead of schedule in 2026.
Cox’s acquisition of Iberdrola México has significantly expanded its business and made Mexico its main strategic market.
Cox is reorganizing around three business divisions: Cox México, Cox Latam and Service Co.
Cox México will manage its Mexican energy businesses and develop energy and water infrastructure opportunities, while Cox Latam will focus on infrastructure across the rest of Latin America.
Service Co, based mainly in Seville, will bring together engineering, procurement and construction, as well as operations and maintenance.
Cox has named Patxi Sáez its new chief executive, replacing Nacho Moreno.
The company’s board approved changes to Cox’s management and business structure.
Sáez will lead the group’s next phase of growth, with Mexico and the rest of Latin America as priorities.
Cox will organize its business into three divisions: Cox México, Cox Latam and Service Co.
Moreno will remain involved as a board member and lead strategic corporate operations.
- Who
- Cox and its new CEO, Patxi Sáez. Sáez replaces Nacho Moreno.
- What
- Cox approved a management and business reorganization and appointed Sáez CEO.
- When
- 2026. The announcement was reported on Nov. 5.
- Where
- Cox operates in Mexico and other Latin American markets; Cox Latam will be based in Panama and Service Co mainly in Seville.
- Why
- Cox says the new structure will adapt the organization to the group’s expanded scale and support growth and project delivery. Mexico and Latin America are priorities for the next phase.
This story does not have two clearly opposing sides.
Cox said it had completed its current strategic roadmap ahead of schedule.
Cox reported advances in its strategy, including the acquisition of Iberdrola México.
Cinco Días reported that Cox’s board had approved the reorganization and Sáez’s appointment as CEO.
- New CEO
- Patxi Sáez, replacing Nacho Moreno
- Business divisions
- Cox México, Cox Latam and Service Co
- Cox Latam headquarters
- Panama
- Service Co main base
- Seville
- Mexico acquisition
- Iberdrola México
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What people are saying
the will to strengthen execution capabilities, promote an increasingly effective, integrated organization that is closer to priority markets, and advance a new phase of development for the group based on operational excellence, financial discipline and value creation