catherine macgregor engie bio

And so we consider that these are going to be very important in the near term at least in order to maintain a power system that is both robust and affordable, which was some of the features that I described in my talk, as extremely, extremely important for this energy transition. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. La dernire modification de cette page a t faite le 22 fvrier 2023 19:40. Following which, as usual, well open the lines for Q&A. In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. She has spent her entire career in the energy sector. A very fine, humane gesture that you promised your ENGIE colleagues. This change led to an impairment, which Judith will cover shortly. Chef d'Agence Filire Vente Centre Ouest chez GRDF, Thank you Catherine Fiamma MacGregor for your post that combine strategy, progress and well-balanced energy mix (#renewable #gaz #power) to confirm meaning and a consistent vision to our company, not to mention the recognition. Pour viter se gchis financier avec l'argent des franais Thank you very much for your attention, and I would like to turn now the line back to the operator for the Q&A session. 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 the second one is very bad timing. And Im going to pass it on to Judith now for the COI details on Renewables. Maybe I will start with your second question, which relates to the coal used in DHC. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. 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, the companys statement reads. But really appreciate, thanks again ! Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. This included 4 billion of growth CapEx, almost exclusively in our areas of strategic growth with approximately 40% in renewables, 40% in networks, and 15% in asset-based Client Solutions. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. No, thank you. This decrease in total COI was mainly driven by a negative 1.2 billion COVID impact, a negative 300 million pressure from foreign exchange mainly due to the depreciation of the Brazilian real and a negative 160 million impact from French temperatures. She has spent her entire professional career working in the energy sector. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. So Paulo, Ccile, Edouard and Sbastien will be obviously leading this organization effort, which I very, very much look forward to, indeed, seeing simplified over the coming months. It honors and commits me. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. 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. The oldest executive at ENGIE SA is Francoise Malrieu, 73, who is the Independent Director. Excellent example of circular economy ! 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. In DHC networks, the worldwide market is expected to grow over 5% per year on average across the next nine the next five years. 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. Were going to really focus on a few geographies. We have in the U.S. the largest development pipeline. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. Catherine Fiamma MacGregor is an Influencer, https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future, https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. All options for the sale of Equans, the newly-created services unit of French energy group Engie (ENGIE.PA), are being considered, including a possible listing, Chief Executive Catherine MacGregor . , Dear Catherine, I will try and stick to two questions, too. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Let me now focus on the evolution of net debt and on our leverage ratios. And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. And youre right to point out that some of our DHC networks rely on a mix of entrance of feedstock. And the second one, if I may ask, around Client Solutions. 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. So two questions, please. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. ), has announced that he will retire on 31 CGG announced today (March 2) the appointment of Jrme Serve as Group Chief Financial Officer. We use Head of Core Laboratories US - Alpharetta Site Manager, Thanks to Solvay Alpharetta employees Michael O'Keeffe and Edna Carbajal for reaching out to students in Dawson county GA for their junior high school career fair and mock interview days. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. We think, in general, gas is going to be important in this energy transition. Let me give you the 2020 COI highlights. Yes. https://waves-energy.co/maps/. 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. We continue to develop these activities, including through an acquisition of the worlds largest district cooling scheme in Dubai, allowing us to increase our DHC net installed capacity by 9%. 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. Thank you, Sam, for your welcome message and your welcome question. And so from a financial impact standpoint, unlikely to be a 2021 story. And it would be helpful if you could highlight for us any meaningful one-offs embedded in the 2020 results, whether positive or negative that we should bear in mind as we build our bridge to 2021? Non Madame On the other hand, we, obviously, want stability in a power system. Stepping back. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class 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. Higher D&A was mainly due to accelerated amortization of some distribution assets. Before I share my view on 2021, here are our 2020 financial highlights. 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. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. 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. Its, for sure, a large part of the investment case. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? Standard Digital includes access to a wealth of global news, analysis and expert opinion. So indeed, were going from 4 billion of growth CapEx to 5.5 billion, 6 billion in 2021. Elle travaille pendant 23 ans chez Schlumberger. offers FT membership to read for free. 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. 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. This was mainly due to impairments, especially related to our nuclear reactors. French utility's new chief Catherine MacGregor to increase investment in renewables. This very unusual year translated into a mixed set of numbers. Sign up for more in-depth articles and insights. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. Solvay Alpharetta celebrates Black History Month. Hopefully, thats an easy one, but would be very helpful. For cost savings, you can change your plan at any time online in the Settings & Account section. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. Okay. Live from New York and. 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. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* We have strict criteria, and we will stick to them. Premium access for businesses and educational institutions. 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. Both include the construction of new substations and upgrades to existing substations and are expected to be commissioned in the second half of this year. On quick one on numbers, on guidance. cookies So yes, Thermal is a good fleet for us, good asset. Again, especially when it comes to replace when it replace coal. #beyou #beunique #beunited ENGIE Africa 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. Catherine MacGregor will join Engie as CEO. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. We have a high performing gas fleet, as you know, which is very important in our mind to bring the flexibility to the system. 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. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. I will now hand you back to Catherine for our 2021 priorities. 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. She has spent her entire professional career working in the energy sector. Now the markets are looking at the remaining energy services. modifier - modifier le code - modifier Wikidata. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. COI was adversely impacted by roughly 300 million due to foreign exchange and by an aggregate negative scope effect of 75 million. We also continued our relentless pursuit of simplifying the group. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. 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. Is it something that could be you realize value of and take advantage of low rates? (Tech. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. 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. These headwinds were partly offset by the outperformance of GEM activities on the back of market volatility. We have not seen prices like this in many years. 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. 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). More information, our agenda as well as the opportunity to register are available here: https://fusion.concur.com/. I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. #buckminsterfuller #trimtab #climatechange. 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. #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. analyse how our Sites are used. Euro erzielen. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. She has managed numerous complex industrial projects, both . You can store it. But time will tell. 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. It honours and commits me. Welcome also and again and similar thing for the CMD and midterm outlook, I would concur. Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. Check if your However, we claim we have a valid solution to the above problem,, inviting large corporations like Engie and others reading this, to scrutinize our numbers and concept very carefully. Let me know below First, we recorded significant impairments mainly driven by the 2.9 billion nuclear impairment caused by the change in lifetime assumption for Belgian nuclear reactors as well as by changes in the commodity price scenario. As you put a fresh perspective into this organization, do you see room for improvement in terms of organization? But when you think about where that green hydrogen will be produced and where it will be consumed, the fact that we have infrastructure to transport this hydrogen, potentially to store this hydrogen will play to our strength. Aprs avoir t auditionne par les cabinets de recrutement Korn Ferry et NB Lemercier & Associs, elle est nomme directrice gnrale d'Engie le 2 octobre 2020, avec entre en fonctions le 1er janvier 2021. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. 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? 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. We think its important to have a system play on renewables. Officer of ENGIE SA since . Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. So when you will reinvest? Because there was a time when that business was making around 600 million of COI. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities. How quickly can that new CapEx sort of translate into earnings? The enshittification of apps is real. A graduate of the Paris cole Centrale (CentraleSuplec), Catherine MacGregor has spent her entire professional career working in the energy sector, including 23 years with Schlumberger, the world's leading supplier of technologies for characterizing, drilling, producing and processing reservoirs for the oil and gas sector. I have a couple of questions, 1 for Catherine and 1 for Judith. Very yes, good question. Recharge is part of DN Media Group. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. So yes. 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. So we feel very good about [indiscernible]. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. So our main working scenario right now is that it wont happen. The first one is on strategy. Also on the same point, risking up or risking down in the future strategy, what is your view on how the risk profile for ENGIE should change going forward? In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. click here. We have also good fleet in Middle East and also Latin America. Two questions from me. We intend to retain a higher ownership of our renewables project where it is strategically and economically rational as we indicated in our strategic orientation. And then the last thing I would want to mention, too, is on the positive side of this decision, is this will help us reallocate some earmarked, lets say, CapEx into, again, our growth opportunities in Renewables and in Networks. 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. COI decreased mainly driven by a 600 million impact from the pandemic. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. Even if you ten-double the installations of these sources, the 40% remains. 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. And that will be something that we will be describing a bit more in details in May. Check if your personalising content and ads, providing social media features and to Watch th. A particular region of international growth in Networks has been Latin America, where, in addition to gas, we are also building power transmission lines. Nothing much more structural than that really, James, on supply improvement. 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. - Accompany our customers in their decarbonization strategies to face the climate emergency Let me now move to a detailed view per business line. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. It was in this ramp-up that we were doing on renewability was the first time that we had significant sell downs. 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. And how quickly do you think it can actually contribute to your earnings, please? or And then just another one on guidance. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. 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. So for my question, the first is on the asset rotation. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. Regarding the organizational simplification, you mentioned complexity of the group. Yes. And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. I look forward to continuing to work closely with our brothers in Azerbaijan, and our partners across Europe and around the world, to deliver on our shared clean energy ambitions. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. It is a great source, among others, of motivation and satisfaction to continue the (so essential) low-caborn transition in an extremely challenging environment , | Financial Reporting |Taxation| Month, Year-end Closings |Corporate Accounting| Financial Statement Analysis| SAP Hana FICO |IFRS. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. And as in the past, we will be very mindful of timing. https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. Turning to our major focus areas starting with Renewables. Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. For example, in addition to the Amazon contract that I mentioned earlier, ENGIE will supply 3 terawatt hours of renewable energy to the global chemicals group, INEOS, through a 10-year corporate PPA. So maybe I will start with your last question, which is around the decision on nuclear. Indeed, you can expect positive cash flow operation from our nuclear activities. Welcome again to Catherine. Congratulations to all of our employees on the well-deserved bonus. abcde is a regular pentagon acfg is a square, creative names for blue drinks,

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