Wednesday, May 2, 2012

New Iberdrola employee keeps track of their foreign interests.

Part of the Jose Maria Torres job description?

Rake in the U.S. Federal, State and local subsidies (Subsidy mining.) and ship it back home to Madrid, Spain. 

As Speedy Gonzalez would say, Arriba! Arriba!

As a  green shirt Voter for Wind would say, "Let's get going!"

According to the website, energycentral.com Jose Maria has been named the new Iberdrola VP in charge of finance and control.

The report:


Iberdrola USA has named Jose Maria Torres as vice president, finance and control to replace Dani Alcain. In this role, Torres will manage all financial matters at Iberdrola USA's operating companies, Central Maine Power, NYSEG and RG&E; which deliver natural gas and electricity to nearly 2.4 million customers in the Northeastern United States.

Jose Maria joined the Iberdrola Group in 1997, and has served since in a series of executive roles including Finance Manager at Coelba in Brazil, Control Director at Neoenergia in Rio de Janeiro, and a three-year stint as the CFO for the Sagunto Regasification Plant in Valencia, Spain.

Most recently Mr. Torres was the CFO of Medgaz, an Iberdrola company responsible for the design, construction and operation of a deepwater natural gas pipeline stretching from Algiers to Europe via Spain.


Arriba! Arriba!
"I welcome Jose Maria to the Iberdrola USA team, and look forward to tapping his global business experience to help us continue our mission of becoming a world-class energy company," said Bob Kump, CEO of Iberdrola USA.

Torres replaces Dani Alcain, who has been named Control Director at ScottishPower, part of the Iberdrola Group, and one of the UK's largest energy companies. Jose Maria holds a bachelor's degree in economics and business from the Universidad Autonoma de Madrid, and a bachelor's degree in law from the Universidad Nacional de Educacion a Distancia (UNED).

"Iberdrola USA truly is part of a global organization," said Kump. "So we have the opportunity to source talent from around the world. This access to fresh perspectives and best-in-class knowledge is quite an advantage for us."

Holy Crap!

If you are one of those Americans who would like an American Economy and American Energy that does not depend on foreign interests, that highlighted statement should scare the crap out of you.