Overview
- Endesa’s board, which met Tuesday, confirmed José Bogas will leave the CEO role and called a shareholders’ meeting for April 28.
- Bogas will remain on the board as an external director for the next four years, according to the filing sent to Spain’s market regulator.
- Enel, which owns about 70% of Endesa and counts the Italian state as its main shareholder, is steering the handover, with Enel executive Gianni Vittorio Armani reported as the likely pick.
- The meeting agenda includes reappointing Bogas as an external director and naming Angela Eliseo as Enel’s representative and Ana Muñoz Merino as an independent director.
- Under Bogas, Endesa refocused on Spain and Portugal and set a plan to invest €10.6 billion through 2028, with most funds for power networks and a new renewables platform to support projects like data centers.