José Bogas will step down as CEO of Endesa on April 28.

BarcelonaEndesa's current CEO, José Bogas, will step down at the company's annual general meeting on April 28, thus concluding his nearly 12-year tenure as the energy company's top executive. Endesa has published the agenda for the shareholders' meeting with the Spanish National Securities Market Commission (CNMV), where Bogas is expected to become an external director, but without providing details of who his successor will be. Bogas is thus relinquishing his executive duties at a company where he has spearheaded, for over a decade – across three terms – the transformation of a company marked by the energy transition, the promotion of renewables, and the electrification of the economy. As an external director, Bogas will be able to remain connected to the company, without executive responsibilities, but will be able to facilitate the transition to the new CEO. Although the person to fill the position is still unknown – their appointment will depend on the main shareholder, the Italian electricity company Enel – names have already begun to circulate, such as that of Gianni Vittorio Armani, according to reports. The ConfidentialJosé Bogas is one of the leading executives in the Spanish energy sector, a role he has forged over decades in the industry, with more than forty years at Endesa, thanks to his deep understanding of both the company and the Spanish electricity sector. An industrial engineer from the ICAI School of Engineering, where he graduated in 1978, he joined the electricity company in 1982, when it was still a state-owned enterprise, as head of the market research section in the Planning Department. From there, he climbed the company's organizational ladder, holding virtually every key position, until in 2014, while serving as general manager of the business in Spain and Portugal, he was appointed CEO, succeeding Andrea Brentan, by which time the energy company was under the umbrella of the Italian firm Enel. Last February, during the presentation of the 2025 results, Bogas stated that he felt "strong" enough to continue leading the electricity company, although he emphasized that his future was a matter for "Endesa's board of directors and, ultimately," the general shareholders' meeting. "Life is what it is, and things are as they are. After 45 years at Endesa, it's true that every day that passes brings me closer to retirement. But I will do what's best for the group," he said. The choice to succeed Bogas as CEO rests with the Italian company Enel, Endesa's main shareholder with a 70% stake, which will have to present its proposal at the next shareholders' meeting. Enel will have to choose between a Spanish or Italian candidate, as has been rumored recently, to lead what is considered the "crown jewel" of its subsidiaries.