catherine macgregor engie bio

I would like to pay tribute to their mobilization, which has enabled us to: A warm welcome as well to you, Catherine MacGregor. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. 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.. We delivered for our customers while continuing to invest in major capital projects. We will then consider next steps and review future ownership options for the new entity in the second half, maximizing value and acting in the interest of all our stakeholders. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. Catherine will then come back and share our priorities. Is this happening to you frequently? So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. And I was very pleased to hear that you put simplification at the center of your new vision for the group. . This is what I am committed to. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. Higher D&A was mainly due to accelerated amortization of some distribution assets. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. These headwinds were partly offset by a 700 million positive change in working capital requirements from energy management activities driven by dynamic management of margin calls in 2020 in a context of extreme volatility of commodity prices. 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So the what is happening here in France on biomethane is actually quite real, and so we are now looking at potentially having sufficient volume to fully displace what will be needed in gas at the 2050 horizon. And Im sure thats a question youve been reflecting on as you took up the new role. You may change or cancel your subscription or trial at any time online. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. Pour les articles homonymes, voir MacGregor. And of course, hydrogen as it gets developed, indeed, could be very much more linked to power than maybe gas was in the past. Yes. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. We completed the SUEZ transaction in October and launched further strategic reviews. 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. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. fusion, Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. You can store it. I will now hand you back to Catherine for our 2021 priorities. These negative effects were partially offset by the positive GFOM ruling in Brazil of approximately 165 million. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. 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. We will now take the next question from Meike Becker with Bernstein. What an insightful stay in India this week starting with a technical conference on #hydrogen #certification at #IndiaEnergyWeek then meetings with 7 industrial players developing hydrogen projects across #India. 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. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. Good morning, everyone. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. So when you will reinvest? 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. Compare Standard and Premium Digital here. 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. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. 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. Catherine MacGregor will join Engie as CEO. 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. But we really want to focus on a return-based growth strategy. You can still enjoy your subscription until the end of your current billing period. And so our thermal fleet has a very, very important role to play there. Net income group share stood at negative 1.5 billion. We will now take our next question from Peter Bisztyga with Bank of America. I mentioned earlier two things actually. So thats a positive. 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. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. A short stay for a rich experience and deep learning. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. Okay. Yes. Welcome to the sector, indeed. Its, for sure, a large part of the investment case. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. And then, of course, right after that, you have hydrogen. 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. 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. The first one is, following the impairment on Belgium Nuclear, could you indicate whether there will be any impact on depreciation and amortization going forward? 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. So we really have some really nice differentiation that we want to use in order, for sure, to be competitive but without sacrificing the return. The peer groups done very well. First, you will hear from our new CEO, Catherine MacGregor, on the highlights of 2020, followed by our CFO, Judith Hartmann, on our financial performance. 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. 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. I'm looking forward to continuing to make a difference together. So the 150 million I gave is correct. To read more about DN Media Group, 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. With our strong local presence in key geographies and leading capabilities across the power generation value chain, including in energy management, which is a key for commercializing renewable energy, we are confident in our ability to drive long-term value creation from this renewables growth. Our portfolio of wind and solar assets has an average age of five years with an average residual contract duration of 15 years, which offers us with good visibility of earnings. 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. Find here the list of all the sessions presented by this speaker in order not to miss any of it. And Ill turn to Judith maybe for the cash flow from Nuclear. Some others, there is still a good portion of assumption that there might be a stranded asset. 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. MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. For example, we significantly enhanced our renewables footprint in the U.S. So really, in summary, three elements: complexity, sharper capital allocation, everybody pulling in the same direction and performance culture are three important elements, I think, that are going to make a difference and allow ENGIE, indeed, to strive in those strong tailwinds that continue to be there for us. And that will be something that we will be describing a bit more in details in May. Warm temperatures in the first half also weighed on energy consumption, mainly in France, for B2C gas volumes. So these are some of the things that we are excited about when we think about our network assets, and we like it. As we are reminded by extreme events, such as the recent ones in Texas, it is critically important that decarbonization of the energy mix is both reliable and affordable. [Foreign Language]. Sure. Solvay Alpharetta celebrates Black History Month. We support credit card, debit card and PayPal payments. 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. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. Then rapidly followed: "what am I gonna use that for ? De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. At the event, we were pleased to highlight how #Masdar is working with our partners in Azerbaijan to develop world-class clean energy projects like the 230 MW Garadagh Solar PV Plant, with further agreements to develop up to 10GW of clean energy capacity across #onshorewind, #offshorewind, #solar, and #greenhydrogen projects. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. We are assessing the situation, which mainly affects renewables and supply activities. 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. Does this mean that Equans is now getting nothing? We are a media company, specifically facilitating the maritime and offshore industry. Indeed, we had an increase a temporary increase in 2020 to 32.5%. Thank you. She has managed numerous complex industrial projects, both . 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 . 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. But let me reassure you, there are several processes that have been launched, and so were confident that we can move at speed to really help simplify the group through the disposals. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, An example of the latter is the continued rollout of smart meters, where we installed an additional two million smart meters in France last year. So youve been talking about investment discipline. 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. Un article de Wikipdia, l'encyclopdie libre. The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. 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+. Thank you, Sam, for your welcome message and your welcome question. We also rapidly launched strategic reviews of businesses, including part of Client Solutions, GTT and ENGIE EPS. We have a new business organization and leadership team who is focused on performance, and weve committed to executing our strategy to accelerating the group growth and to strengthening our commitment to the energy transition. How Does Gumamela Reproduce, Articles C