catherine macgregor engie bio

Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. 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. But is it bad? And then I also had a question on the coal phase out. #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. Regarding the organizational simplification, you mentioned complexity of the group. https://lnkd.in/ea25krWt Pour les articles homonymes, voir MacGregor. 2020 was really a milestone year for ENGIE in the U.S. with nearly 2 gigawatts of this new capacity commissioned across four states, taking our total installed renewable generation there to over 3 gigawatts. And then, of course, now this partial sell down that were planning into a SPAC transaction. Now that makes me and that makes the team, obviously, extremely motivated and optimistic that we are going to get the benefit from these tailwinds because, as a team, we are extremely focused in making sure that we do outperform, and outperform our peers, outperform the market. This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. This higher tax rate included notably the adjustment of carrying value of some deferred tax assets and the one-off effect of the tax rate change in the UK. 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. 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. I would like to pay tribute to their mobilization, which has enabled us to: Okay. We announced last December that EVBox would be listed on the New York Stock Exchange. And maybe more importantly, where do you see subsidiary in five years and what it could contribute to your P&L considering the potential growth of these assets? And sorry, just a follow-up on the CapEx. Catherine MacGregor est elle-mme mre de deux filles[2]. Theyre going into similar areas with Networks is an important aspect. , Dear Catherine, Maybe I will start with your second question, which relates to the coal used in DHC. So this is becoming real. As a leader in gas networks, we are playing a critical role in enabling an affordable and smooth energy transition, and we are promoting a progressive increase in the role of renewable gases. It mainly affects our renewables and supply activities. And then the second one, its for Catherine. 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. So I think this is a key point Id be interested in. https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. We have also good fleet in Middle East and also Latin America. 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. Keep abreast of significant corporate, financial and political developments around the world. 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. From 2013 to 2016, she served as President Europe & Africa at Schlumberger, before being promoted in 2017 to President of the group's drilling activity, based in London. 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. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. Now having said that, we are also very excited about transitioning our gas systems into renewable and by that, I mean, renewable gas. We invested 1.5 billion growth CapEx in 2020, mainly in Brazil, on power transmission lines and for the acquisition of the remaining 10% in TAG. So youve been talking about investment discipline. ENGIE SA (OTCPK:ENGIY) Full Year 2020 Earnings Conference Call February 26, 2021 4:00 AM ET, Aarti Singhal Director of Investor Relations, Catherine MacGregor Chief Executive Officer, Judith Hartmann Chief Financial Officer. 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. And so were keeping 40%. So firstly, theres step-up in CapEx in 2021 versus your sort of prior 10 billion 3-year plan. Therefore, we do continue that we do think that gas will continue to play a very key role. So thats one aspect of it. In Latin America, COI was up significantly, driven by the scope in effect and higher organic contribution of TAG, which, Im very pleased to say, has outperformed our expectations. The peer groups done very well. So for my question, the first is on the asset rotation. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. I think there was another question, which was related to the calendar. Please disable your ad-blocker and refresh. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. Sure. Engie board set to appoint Catherine MacGregor as new CEO. Its about 1% of French consumption that was injected, so and thats 2021 or 2020, rather. Notre lectricit est dj propre [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. We completed the SUEZ transaction in October and launched further strategic reviews. Were very pleased. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. In France, we continued to invest into the gas smart meters rollout. To read more about DN Media Group, But on defining the structure, does that mean we have a disposal in Q3, Q4? This was due to higher contributions from entities with minorities, which fully contributed at EBITDA and COI levels but only contributed at share at net recurring income group share level. #Renewables: We have commissioned 2.5 GW of new #renewableenergy capacity since January and are on track to reach 4 GW by the end of the year. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. One is, of course, to participate in the future growth that we are projecting for this company; and second, of course, the close link into this space, which is a very important space for us. It is important to say that our renewables growth ambition is not about entering a gigawatt race. Minority interests were lower mainly due to lower contributions from our listed entities in Latin America and to the scope effect of Glow. And on gender diversity, we maintained 24% women in management of the group, and this must continue to be an area of focus for us in the coming years. 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. Therefore our industry is [], ENGIE steps up its energy transition, targets renewables, MacGregor to supply RoRo equipment for K Lines LNG-powered newbuilds, Equinor and Engie press ahead with H2BE hydrogen project in Belgium, Engie names Catherine MacGregor as new CEO, MacGregor to supply all-electric RoRo equipment to H-Lines PCTCs, MacGregor to equip 4 more Hegh Autoliners multi-fuel PCTCs, In focus: Investments in oil, offshore wind hit a snag. So two questions, please. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. Because there was a time when that business was making around 600 million of COI. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. Now its a little bit difficult for me to really be critical about the past. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). 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. Congratulations to all of our employees on the well-deserved bonus. She has spent her entire career in the energy sector. Yes. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. Our group remains committed to Belgium and to contributing to the countrys security of supply. Offshore wind is typically much longer. COVID weighed particularly heavily on Client Solutions and on Supply. Now the other aspect, of course, is that we are obviously and we have not talked too much about it yet, but the hydrogen opportunity for us is very, very material. To remind, the company said in July that it intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition. So there will be a capital gain on this. [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . What you would be looking for? On the other hand, we, obviously, want stability in a power system. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. And maybe the last point, which is around performance culture, which I think can be improved within ENGIE, and here again, I can assess that the first reaction to this discussion within the company leads me to believe that we can make some inroads on that topic as well. She has spent her entire professional career working in the energy sector. Lastly, COI for other activities decreased as 2019 benefited from a positive one-off related to partial sale of a gas supply contract, in 2020 was impacted by COVID mainly due to credit losses for GEM. 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. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, In emerging markets, the importance of gas is driven not just by economic growth but also by reducing exposure to higher emitting sources such as coal. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future/ Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . Yes, Judith, just to follow up on the Nuclear, can I just ask setting aside the provisions and the cash payments against those which we know about, can I just ask, do you anticipate any positive free cash flow from the nuclear fleet now in the rest of its life, I mean, if you just look at operating cash flow and essentially operating CapEx that youve got to put in? Officer of ENGIE SA since . For a full comparison of Standard and Premium Digital, click here. I was wondering whether you could just remind us where youre still using coal in district heating and what the options are there, whether youre planning on investing and converting those units to cleaner fuels? 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.. Price is going up. Comptences clefs . And if so, what quantity? And this is something, obviously, that we are going to continue and push. First of all, I think you are highlighting through your question the fact that we have, at ENGIE, significant tailwinds, tailwinds that some of our peers have enjoyed and we havent. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. And I think the way I want to say this is I think we know the broad plan now for the business, but I think its also important to look back at the last 5 years and understand why essentially the investment thesis has not delivered so far for shareholders. It will also require some infrastructure, maybe not with the same density at todays gas network. Current positions of Catherine MacGregor This change led to an impairment, which Judith will cover shortly. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. Some others, there is still a good portion of assumption that there might be a stranded asset. And side comment also on this is that our employees are obviously very excited about renewable as being a growth center of a growth engine for us in ENGIE, so as well as obviously being a key goal of our ESG road map. Catherine, the floor is yours. Its, quite frankly, one of the big wins, I think, of last year when you think about it because both operationally to take this company to a level and multiply by almost 10 times their revenue over the last two years. That will put pressure on Ms MacGregor to make her mark . To this end, we expect to invest between 5.5 billion to 6 billion growth CapEx, with over 90% of this in renewables, networks and asset-based client solutions. Lets now move to Thermal, which was impacted by scope and FX, notably, 90 million of disposals mainly in Thailand and close to 40 million negative FX impact. Now the markets are looking at the remaining energy services. Do you see eventually opportunities in the future going forward with the convergence between power network and gas network considering the evolution of the hydrogen, Catherine? The issue of having mtiers and activities that are so different from each other and I think weve talked a little bit about the multi-technical services, as an example, that require a management focus, a capital allocation policy, a system and attention to every cent that you have to spend, which is not necessarily something that is ENGIE DNA. We use "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." 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]. So in short obviously, its a topic we could talk for hours. On the 100 million, quite frankly, there isnt any unusuals that you should assume. And so our thermal fleet has a very, very important role to play there. For cost savings, you can change your plan at any time online in the Settings & Account section. We have some core competencies. Thank you, Emmanuel, for your questions. We also benefited from higher contributions of GTT thanks to a strong past order intake. So yes. 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. And I was interested to get your philosophy about minorities. So again, of course, I mean, it 2020 was heavily impacted. Recharge is part of DN Media Group. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. It seems to be the trend last few questions. There are 25 older and 1 younger executives at ENGIE SA. H2, We have a team of about 300 developers who are really good at what they do. On the following slide, Ill share our 2021 expectations for each business line. So without going into any specific, youre right to say that it does contribute to the simplification efforts. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. Il serait pertinent de se concentrer sur l'aprs nuclaire, Curious as to what my Linkedin connections think. So 25% of your business is in Thermal, and its an area that youre not particularly resting hugely behind if you look at the growth CapEx numbers. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. Or does it have its own game plan? I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. On the renewables COI for 2020 of about 1.1 billion, basically, you can assume that the main contributors were hydro and wind, hydro about 700 million of that and wind was the rest. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. Hopefully, thats an easy one, but would be very helpful. 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. Its been a period in which the sector was exceptionally strong. 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. Two questions from me. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. 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. I think these are really, really good questions. All these strategic advances, which place our Group as a leader in the low-carbon transition, are the result of the exceptional commitment of all our teams! And we will now take our next question from Ajay Patel with Goldman Sachs. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. Catherine MacGregor will join Engie as CEO. And part of this feedstock sometimes continue to rely on coal. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! How old is Ms MacGregor? Yes. Good morning, everyone. We have not seen prices like this in many years. And thank you, Catherine, too, for your answer, which I think we all appreciate, and we wish you with that, just final comment from my side, then Ill turn it over. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. 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. 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. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch.

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