I was very pleased to participate in the 9th Ministerial Meeting of the Southern Gas Corridor Advisory Council, and the 1st Ministerial Meeting of the Green Energy Advisory Council, held in #Azerbaijan last week. And part of this feedstock sometimes continue to rely on coal. Jean-Pierre Clamadieu, Chairman of the Board of Directors, declared: On behalf of the Board and employees of the Group, I am pleased to welcome Catherine MacGregor and wish her full success in her missions. All options considered for Engie's services business sale-CEO And thats really the key part of what we do. Son profil de spcialiste, sa connaissance des enjeux oprationnels et des mtiers de l'nergie, son exprience internationale sont autant d'atouts pour le groupe So when you will reinvest? EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. The key here is really to give that business its own industrial project, its own identity. [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. Very yes, good question. Ow, nobetter ! In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. offers FT membership to read for free. Also adding to national energy insecurity and dependence on fossil producing countries at colossal scale. Comptences clefs . So its a huge project. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. We think, in general, gas is going to be important in this energy transition. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Aged 48 and an engineering graduate of cole Centrale Paris, Catherine MacGregor started her career at Schlumberger in 1995, where she spent 23 years in positions of international responsibility, notably as group HR director. In other words, direct stable energy is needed these hours. #mixedfeeling :D For the first part of the transactions, you mentioned the first buyout of or rather the buyout of a part of your minorities in Latin America. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. Ses parents, d'origine corse et basque[1], sont professeurs. Judith? Elle a t leve au Maroc[1]. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. #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. Non Madame Catherine, the floor is yours. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Let me give you the 2020 COI highlights. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. Tax charges were 300 million lower mainly due to the decrease in profit. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Let me now move to a detailed view per business line. And then on your DBSO question, what were expecting for 2021 is roughly in line with what we had in 2020, so just below 100 million. 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]. 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 Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. For a full comparison of Standard and Premium Digital, click here. analyse how our Sites are used. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. So without going into any specific, youre right to say that it does contribute to the simplification efforts. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. https://lnkd.in/ea25krWt 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. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Engie appoints oil services executive to execute new renewables strategy 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 impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. We had 1.2 billion total impact last year. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. This was linked to a recovery of past energy costs, following the agreement on renegotiation of hydrological risk, which was finalized at the end of 2020. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. 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. 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. #beyou #beunique #beunited ENGIE Africa These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. Recharge is part of DN Media Group. Keep abreast of significant corporate, financial and political developments around the world. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. On an organic basis, the business line saw 1% growth, which was a strong result considering that there were over 100 million of positive operational one-offs in 2019 from LDs on newly commissioned power plants in Brazil and Chile. Indeed, you can expect positive cash flow operation from our nuclear activities. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. So this is becoming real. Elle est alors nomme prsidente New Ventures de TechnipFMC. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. Pay my electricity bill of next year. 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. And so were excited about this transaction. So lots of enthusiasm around renewable. Here's a bit more, on climate change and from a few years ago, but still relevant. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. 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. In Nuclear, we expect contribution to increase as volumes should be higher, thanks to better availability. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. And yes, let me start by saying also welcome and wishing you success in the new role. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. In 2021, we already have hedged 80% of the production at 46. I think, as you pointed out, theres been a little bit of a race to gigawatts. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. We expect EBITDA to be in the 9.9 billion to 10.3 billion range, COI to be in the 5.2 billion to 5.6 billion range, and net recurring income group share to be in the 2.3 billion to 2.5 billion range. We use MacGregor joins Engie as it embarks on a major push into renewables and clean energy. 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. 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. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. Yes. So for my question, the first is on the asset rotation. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. Check if your The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. - Contribute to measures to support purchasing power Sign up for more in-depth articles and insights. And I just wanted maybe to clarify that the government has not explicitly made the decision. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. This has been a concern for the market. We assume up to 100 million dilution effect at the COI level from approximately 2 billion disposals in addition to previously signed transactions. Pour viter se gchis financier avec l'argent des franais And maybe Ill just say a few things, and Ill pass on to Judith, just to say that the Client Solutions project is a big project.