major oil companies entered the bidding for options to build wind farms off the British coast, and the prices paid were criticized by some operators as too high.

it has done nothing wrong.

But for an executive known for making bold bets on the future, Mr. Galán, who is 70, has yet to announce any transition plans. He remains in firm control as both chairman and chief executive, and says he has no interest in retiring, once describing himself as “the dean of all chief executives of Europe.”

Some analysts say privately that he ought to be grooming a successor. His son and son-in-law are both managers at the company but are not seen as ready to step into the executive suite, and his second-in-command is 64.

“I think I have to continue just growing and conducting this company,” he said.

Stanley Reed reported from London, and Raphael Minder from Madrid.

View Source