catherine macgregor engie bio

Net recurring income group share was in line with guidance but at the bottom end of the range. Ses parents, d'origine corse et basque[1], sont professeurs. 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. To read more about DN Media Group, COI was adversely impacted by roughly 300 million due to foreign exchange and by an aggregate negative scope effect of 75 million. Jusqu' l'arrive de Christel Heydemann la tte d'Orange en 2022, elle est la seule femme la tte d'une entreprise du CAC 40[7]. Because there was a time when that business was making around 600 million of COI. So let me start then with your question on Thermal. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. COI decreased mainly driven by a 600 million impact from the pandemic. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. click here. For example, last year, 91 additional biomethane production units were connected to the French gas grids, and over 85% of these were connected to GRDF. 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 reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. Is this happening to you frequently? Depending on opportunities, it could be this asset or another one. Our focus is on disciplined investment through organic growth and through targeted acquisitions that offer good returns. And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. 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. So maybe I will start with your last question, which is around the decision on nuclear. We will run processes. 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. Judith, you want to answer the second question? Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. 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. Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. Yes. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. Elle s'intresse notamment l'utilisation de la sismique 3D pour la rcupration assiste du ptrole[5]. 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. We use And in terms of the supply, were really expecting supply to recover mainly from less COVID impacts, also looking at the temperature, which will improve. You can read more about how we handle your information in our privacy policy. And yes, let me start by saying also welcome and wishing you success in the new role. Our greenhouse gas emissions from power production reduced 9% to 68 million tons as the share of coal has further decreased in 2019. Hydro had a strong increase organically but was down from a growth perspective because of the FX, of course, in the Brazilian real, and wind was an increase for the obvious reasons because we have been investing quite significantly in the past few years. Posted mercredi, avril 14 2021 Last month, with her feet barely under the desk, Catherine MacGregor was required to appear before the French senate's economic affairs committee be grilled on Engie's strategy. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. 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. I mentioned earlier two things actually. New organizational structure for a simpler ENGIE to go live on July 1 And so we have assumed a very strong recovery like we have seen it in the second half. The enshittification of apps is real. But in short, we have big ambition, but we will be disciplined. The COVID impact on our thermal activities was minimal with lower demand mainly in Chile and Peru. And what is your philosophy there? 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. We had 1.2 billion total impact last year. [Foreign Language]. Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. Engie names Catherine MacGregor as new CEO - Offshore Energy What you would be looking for? 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. 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. Live from New York and. And I was very pleased to hear that you put simplification at the center of your new vision for the group. When expanded it provides a list of search options that will switch the search inputs to match the current selection. And so these are some of the things that complexity and ability to manage activities that are very, very different from each other, I think really get in the way of performance. I think on the question of network convergence between gas and power, I think were a bit obviously, different drivers behind this, one, which is the trend towards more electrification is something to stay. If you have an ad-blocker enabled you may be blocked from proceeding. For example, we signed several corporate PPAs with Amazon for a 650-megawatt global portfolio of wind and solar projects across the U.S., Italy and France. We have not seen prices like this in many years. Some of your peers there have convinced the market that they transitioned to hydrogen. However, our results were ahead of our expectations on both metrics, and this was driven by the fact that the second half confinements were lighter in our main markets and that we adapted our processes, contributing to improved activity levels. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. And given that theyre contracted, to maybe accelerate other areas of the business? Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. It will also require some infrastructure, maybe not with the same density at todays gas network. Il serait pertinent de se concentrer sur l'aprs nuclaire, 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 have also good fleet in Middle East and also Latin America. But we really want to focus on a return-based growth strategy. 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? And hopefully, we can share more of that in May when we come back to you. I have a couple of questions, 1 for Catherine and 1 for Judith. But is it bad? The 48-year-old MacGregor replaces Isabelle Kocher, who was ousted by the Engie board in February, ensuring that a woman maintains a place at the top table of a major European utility. She has spent her entire career in the energy sector. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. Now the guidance for 2021. From 2013 to 2016, she also served as president Europe & Africa at Schlumberger, before being promoted in 2017 to president of the drilling business, while based in London. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. I'm looking forward to continuing to make a difference together. Therefore, we do continue that we do think that gas will continue to play a very key role. - Contribute to measures to support purchasing power Thank you very much, James, for your question. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. Before I say more on this, let me review the groups overall 2020 performance. Tout au long de cette priode, les quipes d'Elengy, Storengy - ENGIE, GRTgaz, GRDF Catherine Fiamma MacGregor on LinkedIn: nergie : la consommation de gaz a baiss de 6,2% en France en . Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. 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. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Recharge is part of DN Media Group AS. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. And to this end, Im very pleased to announce our next event on the 18th of May, where Judith and I will cover both our Q1 results and provide you with a medium-term strategic plan and guidance. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. And we will now take a last question from Louis Boujard with ODDO. But is it bad? And still on the asset rotation, this leaves you probably, I dont know, 12 billion of total proceeds, maybe overall when we put everything all together. 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 also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. Catherine MacGregor Net Worth (2022) | wallmine 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. So I think this is a key point Id be interested in. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. And so were confident to be able to invest in lots of opportunities that Catherine talked about. So can you be a little bit more specific about where the extra CapEx is being spent this year and how youve been able to ramp it up so quickly? Premium access for businesses and educational institutions. We have a team of about 300 developers who are really good at what they do. Its coal exits. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. And sorry, just a follow-up on the CapEx. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. Katherine MacGregor - Biography Yes, its hard to give any precise guidelines on that because, of course, it depends on the M&A and greenfield mix, and it depends on the type of projects that youre after. 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. And my second question will be more accounting related regarding EVBox. Its the first step. 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? We have this 28 billion RAB, or regulated asset base, in France, which gives us this good visibility and predictability, which is a very nice complement to the renewable. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. 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. Its two and probably a little bit more early. 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. 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. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). Welcome again to Catherine. 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? Engie hires oil & gas veteran Catherine MacGregor as CEO for energy And thats really the key part of what we do. We have a lot of experience over the years developed through our generation and thermal activity. But that brings me to my question actually. 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. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. offers FT membership to read for free. It was in this ramp-up that we were doing on renewability was the first time that we had significant sell downs. The renewables COI, could you break that down, if you dont mind, into the change in hydro versus wind and solar in the 2020 numbers? Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? Compare Standard and Premium Digital here. And the answer is yes. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. This was partially offset by capital gains, the main one being 1.7 billion due to the sale of the 29.9% shareholding in SUEZ. Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, #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. 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. Welcome also and again and similar thing for the CMD and midterm outlook, I would concur. 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. Okay. 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Catherine MacGregor Wikipdia 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. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. Before I share my view on 2021, here are our 2020 financial highlights. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Yes. Okay. That's where the "trim tab" comes in. Problem: 40% of the hours of the month there is minimum wind and zero sun. Parit homme-femme au sein des directions gnrales encore loin du Select Accept to consent or Reject to decline non-essential cookies for this use. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. organisation Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. Renewable #Gas: We continue to make progress, with 459 #biomethane production units connected to our networks in France, and with 5 of our #hydrogen projects in Europe selected to benefit from public aid from the European Commission. Price is going up. Okay. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. So lots of enthusiasm around renewable. So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. Elle travaille pendant 23 ans chez Schlumberger. Tax charges were 300 million lower mainly due to the decrease in profit. On the other hand, we, obviously, want stability in a power system. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. I will try and stick to two questions, too. 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? In green mobility, were a leading global provider of smart charging solutions for electric vehicles through EVBox, a start-up we acquired in 2017. 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. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. Firstly, Id like to share everyones sentiments in wishing Catherine well in her role. These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. 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 "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." directrice gnrale d'un groupe industriel nergtique; 25 ans de services, Vincent Collen, David Barroux et Julie Chauveau, , Dcret du 31 dcembre 2020 portant promotion et nomination dans l'ordre national de la Lgion d'honneur, https://fr.wikipedia.org/w/index.php?title=Catherine_MacGregor&oldid=201657000, Portail:Biographie/Articles lis/Sciences, Portail:Biographie/Articles lis/Entreprises, licence Creative Commons attribution, partage dans les mmes conditions, comment citer les auteurs et mentionner la licence. 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. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. Solvay Alpharetta celebrates Black History Month. One was the CapEx. We also continued our relentless pursuit of simplifying the group. You may now disconnect. Offshore wind is typically much longer. And weve made some moves last year, and we will continue to do that. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. Congratulations Engie. Catherine MacGregor is currently Chief Executive Officer and Director at Engie - View - Engie org chart Create your alert to follow the career of Catherine MacGregor. Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. Engie's new CEO sets out with the goal of simplifying the energy group In Client Solutions, overall, we are expecting a strong recovery from COVID, albeit with a relatively slower recovery for asset-light activities. 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. 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 Thanks, everyone, for your welcome message and very much look forward Judith and I very much look forward to meeting you, extending with you in the future and again, very, very excited about turning those tailwinds that ENGIE has had into reality. We have progressed on simplifying the group. But really appreciate, thanks again ! We will make sure that we get the right price. But what is the tax rate thats assumed in the guidance and what DBpSO has assumed? So if we have opportunities, which, from an energy transition makes sense, because, for example, they would replace coal or even worst, fuel assets and bring a solution of flexibility to the system is something that we might consider. hosting the engineering activities. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? Hopefully you can also take this into account? They represent a key long-term growth engine for the group. This is what I am committed to. En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch. This button displays the currently selected search type. 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. Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. We will now take the next question from Rob Pulleyn with Morgan Stanley. Indeed, we had an increase a temporary increase in 2020 to 32.5%. 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, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). 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. 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. Next, a few words on the bridge from EBITDA to net recurring income group share. In terms of operational performance, I am pleased that the group made progress at pace despite the challenging backdrop. So yes. 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. Thank you, Sam, for your welcome message and your welcome question. 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. Let me know below The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. 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. This is value neutral over time as D&A is integrated in the regulated revenue. 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.

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