# EDP leadership transition and financial performance

> Developing situation record from CLSTR: https://clstr.news/situations/edp-leadership-transition-and-financial-performance
> Updated: 2026-11-05T00:00:00.000Z. Sources: 6. Developments: 2.

Miguel Stilwell, CEO of the Portuguese energy company EDP, announced he will not seek re-election and is expected to depart following the 2027 general shareholders' meeting. The company has launched a succession process to identify a new leader, overseen by the Corporate Governance and Sustainability Committee with an international executive search firm.

Following the announcement of Stilwell’s departure, EDP reported a 22% increase in recurring net profit for the first nine months of 2026, totaling 1.191 billion euros. This growth was attributed to renewable energy performance, asset rotation gains, and new regulatory periods for electricity grids in the Iberian Peninsula. Recurring EBITDA rose 11% to 4.2 billion euros, with EDP Renewables seeing a 23% EBITDA increase supported by asset rotation in the United States, Poland, and Italy.

## Timeline

### 2026-11-05: EDP reports 22% profit increase amid CEO departure announcement

EDP reported a 22% rise in recurring profit to 1.191 billion euros for the first nine months of 2026, driven by renewable energy and grid investments, following news of its CEO's upcoming departure.

4 sources. https://clstr.news/cluster/edp-reports-22-profit-increase-amid-ceo-departure-announcement

### 2026-11-04: EDP CEO Miguel Stilwell to step down in 2027

EDP CEO Miguel Stilwell will step down in 2027. The Portuguese energy company has begun a succession process for both internal and external candidates.

2 sources. https://clstr.news/cluster/edp-ceo-miguel-stilwell-to-step-down-in-2027

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Cite as: EDP leadership transition and financial performance. CLSTR, https://clstr.news/situations/edp-leadership-transition-and-financial-performance