Business · Companies · 9 hrs ago
EDP chief Miguel Stilwell to leave at 2027 shareholders’ meeting
Miguel Stilwell de Andrade will leave as EDP’s chief executive and board chair when his current term ends at the company’s 2027 shareholders’ meeting.
EDP is a Portuguese energy group that also owns EDP Spain, whose assets are mainly in Asturias and Cantabria.
Stilwell has spent more than two decades at EDP, including the past two CEO mandates, which began in 2021.
EDP says the company grew under his leadership and is better prepared for future challenges in the energy sector.
The group has focused on renewable energy, electricity networks and international expansion in recent years.
EDP’s supervisory body has started the search for a successor and will coordinate the transition with the board.
Stilwell will remain in the role until the 2027 meeting, supporting continuity in the company’s strategic plan.
EDP chief executive Miguel Stilwell de Andrade will leave his post at the end of his current term, at the company’s 2027 shareholders’ meeting.
He has told EDP’s General and Supervisory Board that he will not seek re-election for another term.
Stilwell will continue as chief executive until then, with the board’s full support.
The board will coordinate the succession process and work to ensure an orderly handover.
Stilwell has spent more than two decades at EDP, including two terms as chief executive since 2021.
- Who
- Miguel Stilwell de Andrade, EDP’s chairman and chief executive.
- What
- He will not seek re-election and will leave his post at the end of his current term.
- When
- At EDP’s next shareholders’ meeting in 2027.
- Where
- EDP, a Portuguese energy company.
- Why
- He said it was the right decision and that it was time to close this chapter of his career. He did not give a more specific reason.
This story does not have two clearly opposing sides.
Stilwell began his two terms as EDP chief executive.
Stilwell informed EDP’s General and Supervisory Board that he would not seek re-election.
His current term is due to end at the company’s next shareholders’ meeting, when he will leave his post.
- Current role
- EDP chairman and chief executive
- Time at EDP
- More than two decades
- Chief executive
- Two terms since 2021
- Departure
- EDP shareholders’ meeting in 2027
- Succession
- EDP’s General and Supervisory Board will coordinate the transition
What people are saying
Leading EDP is a true privilege, and I am immensely proud of what we have achieved together; we have turned EDP into a cleaner, stronger and truly global energy company, which has achieved record profits with a solid balance sheet.
It was not an easy decision, but it is the right decision.
ensuring continuity in the execution of the Strategic Plan and in fulfilling the company’s commitments to its shareholders, employees and customers