Iberdrola to Replace Australia CEO; Rolfe Stays Chair

• Iberdrola reshapes Australia leadership for 2025: CEO Ross Rolfe to step down, stay as chairman, signaling governance refresh in a pivotal growth market.

Iberdrola SA said it will overhaul leadership at its Australian unit at the end of 2025, with Ross Rolfe stepping down as chief executive while remaining chairman of the board. The Spanish utility, listed in Madrid (BME: IBE), announced the transition as part of planned governance changes.

Rolfe, who has led Iberdrola’s Australian operations as both chairman and CEO, will retain oversight through the board role, ensuring continuity. The company did not disclose a successor or further details on the search process. The move underscores Iberdrola’s focus on refining its leadership structure in a key growth market ahead of 2026.

Who will succeed Ross Rolfe as Iberdrola Australia’s CEO after 2025?

• No successor has been named; Iberdrola has not publicly identified a CEO-designate.
  
• Appointment is expected closer to the transition window, following a formal search with external recruiters.
  
• Likely candidate pool spans internal Australian leadership (development, retail, operations) and external executives from major utilities and global renewables developers.
  
• An interim leadership arrangement remains a possibility if the timeline slips.
  
• Watch for updates in 1H 2025 results calls, AGM materials, and ASIC filings for the first disclosure.