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. 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. Great post Catherine Fiamma MacGregor! 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.. Congratulations to all of our employees on the well-deserved bonus. Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. In DHC networks, the worldwide market is expected to grow over 5% per year on average across the next nine the next five years. Dans ce poste prestigieux et trs expos politiquement, elle succde Isabelle Kocher, partie le 24 fvrier 2020 et remplace provisoirement par Claire Waysand. Are you talking about Q3, Q4 for the end game? This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? So when you will reinvest? So naturally, were landing more just below a 100 million figure for 2021. In Nuclear, we expect contribution to increase as volumes should be higher, thanks to better availability. And Im really I am personally convinced, enthusiastic about the idea of having a very sharp focus on capital allocation making sure that all of our managerial efforts go in the direction that weve announced, and well be able to show very positive results. Maybe some thoughts. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. Yes, two topics that you were talking about, Peter. We have progressed on simplifying the group. Thanks to Faye Kirby and Rodica Roman for organizing the event and thanks to the many helpers! Have a nice day. 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. First, operating cash flow was 1.1 billion lower, mainly reflecting the drop of EBITDA. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. You mentioned diversity of vast diversity of business line, et cetera. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. So its a huge project. Recharge is part of DN Media Group AS. En 2020, elle est pressentie pour diriger Technip Energies, une socit en cours de cration base Paris d'environ 12000personnes issue de la scission de TechnipFMC en deux entits spares. 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. We will run processes. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. That's where the "trim tab" comes in. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. 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.
La diversit en actions - Interview de Catherine MacGregor, directrice Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Its been a period in which the sector was exceptionally strong. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. Therefore, we do continue that we do think that gas will continue to play a very key role. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. 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 .
Climate Week NYC 2021: Interview With Catherine MacGregor, CEO Of ENGIE And my second question will be more accounting related regarding EVBox. We have also started to adopt the existing gas transport networks by commissioning three reverse flow installations in 2020, which allow biomethane to flow from the distribution grid to the gas storage units. On quick one on numbers, on guidance. The biggest, of course, remains Renewables. I would like to pay tribute to their mobilization, which has enabled us to: 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 thought, on this occasion, it would be great if you could take a few minutes just to share with us sort of your perspective on why the last few years have been so difficult for ENGIE, why the 2016 asset rotation plan didnt really deliver in the end and why the current asset rotation plan may be more successful.
Engie appoints oil services executive to execute new renewables strategy Overall, we have 100 cooling networks with a total installed capacity of 6.1 gigawatts and 300 heating networks of various sizes that distribute 19 terawatt hours yearly. Again, especially when it comes to replace when it replace coal. Were, in fact, very positive and excited about the opportunity of these businesses, very, very different from other more traditional mtier that we have in ENGIE, and the idea is really to form a very coherent entity, which Jrme Stubler is very busy doing right now. The commitment and mobilization of all our teams at ENGIE is truly exceptional and it is an honor to be a part of such a dedicated and forward-thinking organization! Does this mean that Equans is now getting nothing? 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. Euro erzielen. And lets now, indeed, look at our priorities for sustainable long-term value creation. For cost savings, you can change your plan at any time online in the Settings & Account section. In 2020, most of our newly commissioned assets were onshore wind followed by solar. This was mainly due to impairments, especially related to our nuclear reactors. And so every year, we will allocate capital to that, and thats 1.3 billion a year. And the second one is very bad timing. Thank you, Catherine, and good morning, everybody. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. And hopefully, we can share more of that in May when we come back to you. We currently have leadership positions in all of these activities, and recent successes include a 30-year contract signed in Monaco to design, build, own and operate a seawater heating and cooling network that will enhance energy efficiency. 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. 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.
Biography of Catherine MacGregor - The Official Board I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. or Premium access for businesses and educational institutions. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. Judith, you want to answer the second question? There are 25 older and 1 younger executives at ENGIE SA. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. 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? Its a geography refocus. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. In summer 2019, she joined the Executive Committee of TechnipFMC Group, to lead its engineering division. Select Accept to consent or Reject to decline non-essential cookies for this use. And so to in that respect, I think your comment might be valid. But time will tell. 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. She has spent her entire professional career working in the energy sector. And I was very pleased to hear that you put simplification at the center of your new vision for the group. Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. 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. Then rapidly followed: "what am I gonna use that for ? Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. Turning to an update on the strategic review of part of our Client Solutions business that was launched in the second half of last year. By Gwnalle Barzic and Geert De Clercq. In that entity that we are forming, which is the object of the consultation weve talked about, there will be 34,000 roughly 74,000, sorry, 74,000 people. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. We have not seen prices like this in many years. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. This really has two reasons. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. The current total coupon of 100 million per year has been reduced by 28% since 2017. The enshittification of apps is real. So thats one aspect of it. Following which, as usual, well open the lines for Q&A. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. 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. 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. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. Weve proven that over and over again in very, very recent past. Current positions of Catherine MacGregor We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. So thank you very much, and bye-bye. Ladies and gentlemen, this concludes this conference call. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. And if so, what quantity? 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. offers FT membership to read for free. And then just another one on guidance. Long-term growth drivers for asset-light activities are also strong, underpinned by major international actions plans, such as the European green deal towards making the EUs economy sustainable. The first one is on strategy. Okay. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. Un article de Wikipdia, l'encyclopdie libre. Watch th. I will now hand you back to Catherine for our 2021 priorities. So youve been talking about investment discipline. Theyre going into similar areas with Networks is an important aspect. Then potentially collaborate/partner with us for less than EUR 10 m in costs, together solving the crucially important 40% of the hours of the month. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. And we will now take a last question from Louis Boujard with ODDO. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. No, absolutely. Lower results from SUEZ also impacted Client Solutions COI by approximately 160 million. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. 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. This was notably due to the discounting of liabilities related to hydro concessions in Brazil that are indexed to inflation and which increased significantly in 2020. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. Simply log into Settings & Account and select "Cancel" on the right-hand side. We delivered for our customers while continuing to invest in major capital projects. And then, of course, right after that, you have hydrogen. 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So all of the work that we started last year and that we are doing as part of this consultation is to bring these activities into a coherent entity, and this is really happening now with a commonality in terms of mtier, activity type, expertise, purpose and also industrial project. Now this is mainly provided by fossils, the reason CO2 emissions are increasing since 2015, not decreasing. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. We support credit card, debit card and PayPal payments. Access to customer sites was much reduced during the strict lockdowns of the second quarter 2020, and we were not able to perform various services. 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. 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. 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Catherine MacGregor | 2021 Most Powerful Women International | Fortune 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. Our near-term priority in the region is to commission two major electricity transmission projects. 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. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. 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. The peer groups done very well. 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. ENGIE thanks you for your participation. And thats really the key part of what we do. 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. 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 Thermal, we expect a COI decrease due to the normalization of a strong 2020 performance in Europe, which was supported by high spark spreads and ancillary contributions. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. Or is it your budget of the COI for these businesses in 2021? So firstly, theres step-up in CapEx in 2021 versus your sort of prior 10 billion 3-year plan. And so were excited about this transaction. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, But we really want to focus on a return-based growth strategy. And one of the things to keep in mind, when you say how can you speed up is also that we have less sell downs in Renewables in 2021. And yes, let me start by saying also welcome and wishing you success in the new role. Its coal exits. Thank you very much, Aarti, and good morning, everyone. Pour les articles homonymes, voir MacGregor. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Thank you, Sam, for your welcome message and your welcome question. Thank you very much, Judith. And then, of course, now this partial sell down that were planning into a SPAC transaction. 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? So without going into any specific, youre right to say that it does contribute to the simplification efforts. 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. You may change or cancel your subscription or trial at any time online. 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. This decision, effective as from January 1st 2021, is the result of a selection process, led by Jean-Pierre Clamadieu, Franoise Malrieu and members of the Appointments, Compensation and Governance Committee, following the highest standards of governance. And finally, we also strengthened our position in the rapidly growing market of corporate PPAs with over 1.5 gigawatts of contracts signed in 2020.
Catherine MacGregor | 2020 Most Powerful Women International As always, my team and I are here to assist you, so do please reach out. Together, these drivers helped to more than offset negative foreign exchange in Brazil, Mexico and Argentina. 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. Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery.
Catherine MacGregor - Forbes And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. 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. But in short, we have big ambition, but we will be disciplined. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise.
Catherine MacGregor Wikipdia 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. 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. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting.