catherine macgregor engie bio

By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. Net interest expense was also slightly higher driven by negative FX and lower cash remuneration. Thank you Renata Spada for being yourself and authentic. For cost savings, you can change your plan at any time online in the Settings & Account section. Current positions of Catherine MacGregor Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. On the strength of our shared industry culture and my operational experience, I will work with all of our teams to achieve our goal of enabling Engie to accelerate the energy transition.. janvier 2021 en qualit de Directrice Gnrale. I would love to hear from you. This will mean a transition based on a combination of electrification and decarbonization of gas as well as on the development of flexible and resilient energy systems. Okay. So hopefully, this helps. #buckminsterfuller #trimtab #climatechange. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. And I was very pleased to hear that you put simplification at the center of your new vision for the group. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French groups ambitious renewables and energy transition plans. Engie board set to appoint Catherine MacGregor as new CEO. You may now disconnect. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. For a full comparison of Standard and Premium Digital, click here. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." cookies So its a little bit of a total team, but we at this stage, that decision from the government hasnt been explicit. Its, for sure, a large part of the investment case. analyse how our Sites are used. The enshittification of apps is real. Aged 48 and a graduate of cole Centrale Paris, Catherine MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. The ENGIE Board set out strategic orientations for the group last year in July 2020, and my new executive team and I have three clear priorities: firstly, simplifying the group at pace; secondly, investing further, investing in renewables, networks and asset-based client solutions, as these are areas of competitive strength for ENGIE; and finally, strengthening our groups commitment to the energy transition. On quick one on numbers, on guidance. And we will now take our next question from Vincent Ayral with JPMorgan. Un article de Wikipdia, l'encyclopdie libre. This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. Thank you. If so, do you have a view to what level? So that is roughly what you have to have in mind. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. Overall, we currently estimate a potential net impact at the group COI and net recurring income group share level of between 80 million to 120 million. Find here the list of all the sessions presented by this speaker in order not to miss any of it. And as in the past, we will be very mindful of timing. currently to 4 GW p.a. organisation Catherine will then come back and share our priorities. Let me now turn to our ESG performance. And my second question will be more accounting related regarding EVBox. Obviously, you did signal that youd be ramping up CapEx. In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. Again, especially when it comes to replace when it replace coal. For a full comparison of Standard and Premium Digital, click here. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. Often, its actually a very small proportion of coal that is being used, but it is indeed the case that it is part of our feedstock. Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. MacGregor is poised to become the only woman leading a company in the CAC 40France's benchmark stock indexwhen she takes the reins at the utility Engie on Jan. 1. Chef d'Agence Filire Vente Centre Ouest chez GRDF, Thank you Catherine Fiamma MacGregor for your post that combine strategy, progress and well-balanced energy mix (#renewable #gaz #power) to confirm meaning and a consistent vision to our company, not to mention the recognition. Our environment is changing. Stepping back. Strategy: we have made progress in the execution of our plan to build a stronger and more unified Group, on the offensive to accelerate the energy transition. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. French energy group Engie's ENGIE.PA board is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMC FTI.N as CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters. Altogether, these units can contribute to a yearly production of up to 3.9 terawatt hours, equating to the annual gas consumption for hitting approximately one million new build homes in France. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. , Dear Catherine, [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . The final area of 2020 performance I would like to highlight is the groups continued progress in growing our renewable portfolio, which has grown significantly by 32% since the end of 2018. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. Its a geography refocus. Overall, these positive factors are expected to more than offset year-on-year negative evolutions. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. Very yes, good question. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. And so every year, we will allocate capital to that, and thats 1.3 billion a year. So and then maybe Ill add that there is also, I think, a lot of things we can do and we are doing, and we will continue to do and even increase around industrialization, procurement, supply chain, of course, digital. And then the second question is more for Judith. Catherine MacGregor a t dcrite positivement par d'anciens collaborateurs: des articles de presses rapportent des propos qui la dsignent comme une personne trs simple aux loisirs sans surprise (cinma ou scrabble)[1], directe, mthodique, tenace, trs oprationnelle[4], humble et courageuse[3], efficace, mais elle sait couter (Thierry Pilenko)[2]. We also rapidly launched strategic reviews of businesses, including part of Client Solutions, GTT and ENGIE EPS. We will now take our next question from Emmanuel Turpin with Societe Generale. Joe Biden teaches the EU a lesson or two on big state dirigisme, Elon Musks Twitter is dying a slow and tedious death, Who to fire? Congratulations Engie. Please. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. CEO Affiliation Engie Country France 2020 Rank 13 In her first year as CEO of the giant French power company, MacGregor, an oil and gas industry veteran, focused on simplifying the $63.5. Solvay Alpharetta celebrates Black History Month. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. We delivered for our customers while continuing to invest in major capital projects. So thank you very much, and bye-bye. modifier - modifier le code - modifier Wikidata. But what is the tax rate thats assumed in the guidance and what DBpSO has assumed? So I was wondering whether you could share some thoughts on perhaps where you might be able to get back to perhaps over the medium term in that business? Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. And so the amount will be much lower than what you have seen in 2020. Higher D&A was mainly due to accelerated amortization of some distribution assets. The key here is really to give that business its own industrial project, its own identity. We have ambitious goals to continue to simplify ENGIE at pace to play a key role in accelerating the energy transition and to focus on the long-term profitable growth of the group. But just one observation is a key part of success, I think, for some of your peers has been laying out quite detailed guidance over a 3-year period. We will now take our next question from Peter Bisztyga with Bank of America. Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. Let me know below Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). I have a couple of questions, 1 for Catherine and 1 for Judith. This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. organisation Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. Hosted by His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, my dear friend His Excellency Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, and Kadri Simson, EU Commissioner for Energy, this is an important forum for advancing Europes #cleanenergy ambitions. The first is on the Supply business. The COVID impact on our thermal activities was minimal with lower demand mainly in Chile and Peru. And Judith, you want to comment, please, on the impairment? In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . on the development of flexible and resilient energy systems. We expect financial performance to improve significantly from 2020 driven by a combination of strong recovery from COVID impacts, growth in renewables and international networks, improved nuclear availability and higher achieved price, and reversal of warm weather effects. As CEO, Catherine MacGregor will focus on defining and implementing the Group's strategic road map, in particular around the two priority areas announced in July 2020 by the Board of Directors: speeding up growth in renewable energies and energy infrastructure such as cooling and heating networks. Ms MacGregor, an engineer by training who was born and raised in Morocco, will start in the CEO job on 1 January 2021, taking over a company that has been roiled over the past few years by a. 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Depending on opportunities, it could be this asset or another one. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. The peer groups done very well. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. offers FT membership to read for free. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. French Networks had limited COVID impact also mainly on distributed gas volumes. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. And if so, what quantity? So Paulo, Ccile, Edouard and Sbastien will be obviously leading this organization effort, which I very, very much look forward to, indeed, seeing simplified over the coming months. In the summer of 2019, she chose to pursue her career in the energy industry by joining the executive committee of the TechnipFMC group to lead its onshore and offshore engineering and construction activities, Technip Energies. I have proper control over all inventory department with the skill of my Minimum and Maximum stock levels, Gerente Industrial | Gesto de Operaes e Servios | Supply Chain | Engenheiro de Produo | leo e Gs | Suporte Tcnico | Produo | Gesto da Qualidade, Pessoal, eu criei esta Proposta de Ideia Legislativa no Senado Federal que se transformada em lei criar as Poltica Nacional de Incluso das Pessoas 50+. These positive effects were partly offset by lower volumes mainly due to a decrease in availability of our Belgian assets caused by the last planned LTO maintenance works on Doel 1, Doel 2 and Tihange 1. With our experience, knowledge and reach we can optimally meet your businesses media needs and requirements in three cohesive ways: Network with the right people, Insight into the industry, and Talent to the right place. Okay. Welcome to the sector, indeed. The second half showed a clear recovery with less stringent confinement measures but also with improved processes and protective equipment for our teams. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. It mainly affects our renewables and supply activities. With respect to the recent extreme weather events in Texas, we are assessing the situation. So no impact there, of course, on G&A reduction and about 800 million of assets. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. Now its a little bit difficult for me to really be critical about the past. Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. And so were keeping 40%. Estabelecer as diretrizes legais e normativas para incentivar a contratao de pessoas com 50 anos ou mais nas organizaes privadas atravs da reduo de impostos sobre a folha destes empregados. MacGregor will take the helm at Engie in January 2021, joining from TechnipFMC Group where she has spent just over a year as head of Technip Energies. Many thoughtful leaders throw up their arms when it comes to taking action on climate change, thinking, understandably, that their company is just a drop in the bucket. Engie has been riven in the past by fights between chairman and CEO and is a company where the board plays a big role in shaping strategy. Pascal Frings., Assistente de Planejamento e Controle I | ENGIE Brasil | Gesto de Frotas | Logstica | Atendimento ao Cliente | Administrao Estcio, Bizarre, je suis un employ d'Engie et je n'ai pas reu , I am really very Happy after Hearing that Engie is going to make strong and strong renewable resources that makes to process competency of whole work which is going on this projects as i would proudly feel good i wish if you have any vacancy in the Engie organization i would definitely prefer to work this organisation as my last experience were quite satisfactory in Allied Maintenance Company Pvt Ltd at Tabuk Project in Saudi Arabia even i was working two years as store supervisor in Tabuk Projects i forwarded my resume to one of your recruiter for store supervisor as i have 12 years experience in the maintenance Departments like Civil, Plumbing, Mechanical,HVAC, Gardening, Cleaning and most importantly PGP Department. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ETCompany Participants. There is a very, very strong will power within the team to do that. One was the CapEx. #beyou #beunique #beunited ENGIE Africa MacGregor will take the helm at Engie in January 2021, joining from TechnipFMC Group where she has spent just over a year as head of Technip Energies. Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. On the other hand, we, obviously, want stability in a power system. We announced last December that EVBox would be listed on the New York Stock Exchange. #mixedfeeling :D And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. ENGIE is a major player in the energy sector, and we are extremely well placed to tackle most of the challenges posed by this transition. France's Engie appointed an oil services executive to execute its strategy of refocusing the utility on renewable energy and grids, overlooking the internal candidate behind its new green strategy.. Engie said in a statement it had appointed Franco-American oil services firm TechnipFMC executive Catherine MacGregor as new CEO, effective Jan. 1, 2021. We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. [indiscernible] Sam, for putting more pressure on us. You can store it. ), has announced that he will retire on 31 CGG announced today (March 2) the appointment of Jrme Serve as Group Chief Financial Officer. And we will now take our next question from Ajay Patel with Goldman Sachs. This was partly offset by a temporary higher effective recurring tax rate at 32.5% in 2020 versus 28.2% in 2019. And second, its really focused and making sure that everybody pulls in the same direction. Energy Solutions: we won major contracts in district heating and cooling networks but also in #greenmobility, notably with 5600 charging points for electric vehicles in Belgium Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. If we basically look at simplification, we could cut it in two parts, what I would call transactional simplification, disposals buyout of minorities on maybe organizational simplification. On 14th of January, I announced a new executive committee, and Im very pleased that Paulo, Edouard, Ccile and Sbastien have started their new business roles. In France, we continued to invest into the gas smart meters rollout. Ladies and gentlemen, this concludes this conference call. Judith, you want to answer the second question? Read more about DN Media Group here. Let me now move to a detailed view per business line. We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. So I would like to hear your opinion, how maybe your story might be slightly different from electric renewables players, how we maybe think about the gas network as a funding option for the renewables growth. Her vision on ENGIEs transformation and development, her industrial and international track record as well as her leadership and managerial skills will fully contribute to the achievement of the strategic orientations announced at the end of July. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. Today, I am very pleased to announce a commitment to exit all coal assets in Europe by 2025 and globally by 2027, in line with our purpose to drive carbon neutrality. And then, of course, you also remember that, in 2020, we have decided to more consolidation where it makes strategic and financial sense, as it was mentioned earlier. When we mentioned the 2 billion of additional disposal to drive simplification, the topics you know about, of course, the strategic reviews that we have announced. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. This button displays the currently selected search type. So its a huge project. No, thank you. We use So thats one aspect of it. Operationally in 2020, the group continuously evolved processes to tackle COVID, and we maintained high health and safety standards for both occupational and process safety. Currently, we have 3 gigawatts under construction for commissioning in 2021, and we are on track to achieve the 2019 target of commissioning 9 gigawatts in three years by the end of this year. MacGregor said: I would like to thank the board of directors for the confidence it shows in me. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. On May 18, 2021, ENGIE's Chief Executive Officer Catherine MacGregor unveiled the Group's strategic roadmap, to reaffirm ENGIE as a leader in the energy transition. The French group last year pledged to invest 12bn ($13.1bn) in its 2019-21 energy transition programme, and was on track to install 9GW of renewables in that period. In addition, the extension of fair value accounting to a European gas contract and its related assets also led to a net impairment of 500 million. This was really driven by mix of the results, changes in some tax laws, including in the UK, and we are expecting to go to a more normal level at the 25% kind of range in 2021. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. So let me start then with your question on Thermal. So again, when you think about the business and the need to have a resilient power system, gas has actually a very critical role to play. Elle travaille pendant 23 ans chez Schlumberger. Lower results from SUEZ also impacted Client Solutions COI by approximately 160 million. But now that we have officially become Equans for a few weeks, this message that all ENGIE employees worldwide will receive a bonus of 1500,- comes as a disappointment. And that will be something that we will be describing a bit more in details in May. Although we were in crisis management most of 2020, we did not lose focus on our long-term objectives and continued to invest for the future. Congratulations to all of our employees on the well-deserved bonus. Indeed, we had an increase a temporary increase in 2020 to 32.5%. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class We are a smaller company than Engie normally would partner with. Let me start with your second question, and then I will hand over to Judith, who will go through the details of the impairment impact, if you dont mind, Rob. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? Thank you, Emmanuel, for your questions. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? So Ill ask two questions. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Recharge is part of DN Media Group AS. analyse how our Sites are used. But in short, we have big ambition, but we will be disciplined. #solvaylife #futureemployees #career #mockinterviews, Bringing some sun and fun to the Solvay Alpharetta site in February, employees and friends enjoyed an Hawaiian themed luau complete with ukulele music from Jason Chung and Ryan Carey. Compare Standard and Premium Digital here. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. So we feel very good about [indiscernible]. Now Ill comment on the bridge from net recurring income group share to net income group share, which was negative 1.5 billion in 2020. And it would be helpful if you could highlight for us any meaningful one-offs embedded in the 2020 results, whether positive or negative that we should bear in mind as we build our bridge to 2021? The first one is on strategy. Within this guidance, we have included our current estimate of the potential impact. Elle y dirige des activits de forage au Congo, en Mer du Nord[3], aux tats-Unis, en Malaisie, au Royaume-Uni et en France[4]. A warm welcome as well to you, Catherine MacGregor. Some of your peers there have convinced the market that they transitioned to hydrogen. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Delivering on decarbonization while ensuring reliability and affordability can only be achieved through a combination of centralized and decentralized solution and with a mix of energy sources.

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