MasTec Taps Utility Titan Manny Miranda to Steer Infrastructure Dominance

CORAL GABLES, FL – July 01, 2026 – In a move that signals a deliberate deepening of its strategic command over the energy infrastructure market, MasTec, Inc. (NYSE: MTZ) has appointed Manny Miranda, a 40-year veteran of the utility industry, to its Board of Directors. The appointment is far more than a routine change in governance; it is a calculated chess move by a company already riding a wave of unprecedented growth, designed to embed the very DNA of its largest clients into its strategic core.

MasTec, a leading North American infrastructure construction firm, is currently navigating a period of intense demand. The company recently posted a record-breaking first quarter for 2026, with revenues surging 34% to $3.8 billion and its 18-month backlog swelling to an all-time high of $20.3 billion. In this high-stakes environment, bringing a figure with Miranda’s operational depth aboard is a clear signal to investors and clients alike: MasTec is not just building infrastructure; it is seeking to master the intricate landscape in which its clients operate.

A Masterclass in Utility Operations Joins the Board

Manny Miranda’s career is a veritable blueprint of modern utility management. His four decades at Florida Power & Light (FPL) and Florida City Gas saw him hold leadership roles across nearly every critical function, from engineering and construction to system reliability and customer service. He has managed the lifecycle of energy infrastructure, overseeing the planning and execution of massive capital investment programs while ensuring the safe and reliable delivery of power to millions. This is not just experience; it is institutional knowledge of the highest order.

MasTec’s Chairman, Mr. Jorge Mas, highlighted this unique value in the company’s announcement. "Manny's experience across nearly every facet of the utility industry gives him a unique perspective on the opportunities and challenges facing our customers," he commented. "His deep understanding of electric and natural gas infrastructure, combined with his operational expertise and industry relationships, will be invaluable assets as MasTec continues to help build and modernize North America's critical infrastructure."

This perspective is precisely what a contractor needs to evolve into a true strategic partner. Miranda’s influence already extends across the sector, with current board positions at utility giant CenterPoint Energy and smart city technology firm Ubicquia, Inc., underscoring his role as a key voice in the future of energy and urban infrastructure. By joining MasTec, he brings a client-side, operator-first mindset directly into the boardroom.

Aligning Expertise with a Multi-Billion Dollar Backlog

The timing of Miranda’s appointment is critical. MasTec’s record $20.3 billion backlog is a testament to its market position, but it also represents an enormous operational challenge. Successfully executing this pipeline of projects requires more than just manpower and equipment; it demands a profound understanding of project complexities, regulatory hurdles, and the long-term strategic goals of utility clients.

Miranda’s expertise maps directly onto MasTec’s most powerful growth engines. The Power Delivery segment, which grew 16% in the last quarter and added over $600 million to its backlog, will benefit from his deep knowledge of transmission, substations, and grid hardening. Even more striking is the Pipeline Infrastructure segment, which saw a staggering 91% revenue increase as the demand for natural gas to support grid reliability continues to surge. Miranda's background, which includes leadership at Florida City Gas, provides invaluable insight into this vital market.

Furthermore, as MasTec’s Clean Energy and Infrastructure segment expands—with renewables revenue growing over 60%—Miranda’s experience managing large-scale capital programs at FPL, a utility that has made significant investments in solar, will be instrumental. He understands the complexities of integrating renewable assets into an existing grid, a challenge that is central to the North American energy transition.

Miranda himself acknowledged this strategic alignment. “I am honored to be joining MasTec’s Board of Directors, a company I have known for decades and watched become one of the preeminent utility contractors in the United States,” he stated. “I look forward to leveraging my deep knowledge of utility operations to enhance MasTec’s strategic positioning with utility clients and position MasTec as the supplier of choice for critical utility infrastructure deployment.”

Navigating the New Energy Landscape

Miranda joins MasTec at a pivotal moment for the entire North American infrastructure sector. The industry is being reshaped by powerful, intersecting forces: a nationwide push for grid modernization fueled by federal initiatives like the Infrastructure Investment and Jobs Act (IIJA); the accelerating transition to renewable energy sources; and the concurrent need for reliable natural gas infrastructure to ensure stability. Added to this are new demand drivers, from the buildout of 5G and fiber networks to the massive power requirements of AI-driven data centers.

This complex environment has created a trend where the lines between utility operators and their construction partners are blurring. To succeed, infrastructure firms must think like utilities. They need to anticipate challenges related to grid resilience, regulatory compliance, and community engagement before they become problems. Appointing seasoned utility veterans like Miranda to their boards is a direct response to this new reality, a form of cross-pollination that strengthens the entire ecosystem.

By adding Miranda, MasTec is better equipped to not only win contracts but to help shape them, offering solutions that are more efficient, resilient, and aligned with the long-term vision of its clients. In a competitive field with giants like Quanta Services, this deep, embedded understanding of the customer’s world becomes a powerful differentiator. The move demonstrates that for MasTec, future growth lies not just in the scale of its projects, but in the sophistication of its strategy and its ability to act as an indispensable partner in building the future of energy.