From November 1st DN Media Group is responsible for controlling your data on Recharge. Catherine MacGregor | 2021 Most Powerful Women International | Fortune 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. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. Because there was a time when that business was making around 600 million of COI. 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. And when we reflect about some of the trends around electrification, around the growth in renewables, we realize that flexibility, dispatchability are going to be very important to the future of the energetic mix. Officer of ENGIE SA since . ENGIE thanks you for your participation. We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. modifier - modifier le code - modifier Wikidata. Its coal exits. Catherine MacGregor est elle-mme mre de deux filles 2 . Good luck with the new role, Catherine. Welcome also and again and similar thing for the CMD and midterm outlook, I would concur. There are 25 older and 1 younger executives at ENGIE SA. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. Obviously, you did signal that youd be ramping up CapEx. The Board has reaffirmed the groups dividend policy and proposed for 2020 a payout ratio of 75%, which is at the top end of the range. That will put pressure on Ms MacGregor to make her mark . We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. And I was interested to get your philosophy about minorities. Catherine MacGregor | 2020 Most Powerful Women International This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. And hydrogen, massive tailwind for ENGIE, massive tailwind because of it goes hand in hand with renewables. Catherine MacGregor I was happy to see so many enjoying each others company. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. Often, its actually a very small proportion of coal that is being used, but it is indeed the case that it is part of our feedstock. 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. We have a lot of experience over the years developed through our generation and thermal activity. Do you have a vision about taking this proportion of minorities down for the group? The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. 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. Premium access for businesses and educational institutions. I know weve heard from the Chairman very helpfully on this last year, but I think wed love to hear your thoughts on this. Thank you, Catherine, and good morning, everybody. We are investing in our strategic priorities for long-term value creation. You can still enjoy your subscription until the end of your current billing period. You have, of course, in mind, that we have committed to fund our waste provision until 2025. Standard Digital includes access to a wealth of global news, analysis and expert opinion. So naturally, were landing more just below a 100 million figure for 2021. 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. About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. offers FT membership to read for free. She occupied a number of roles in various geographies (Republic of Congo, the US, Malaysia, ): from Director of Business Entities (Wireline, Reservoir Characterization, Drilling, ) to Regional Division (Europe and Africa). Dans intrt de la France, It seems to be the trend last few questions. La situation en France depuis plus de 50 ans The first one is on strategy. Okay. And what is your philosophy there? A very fine, humane gesture that you promised your ENGIE colleagues. 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. Harnessing 35 years of expertise to power the future of Energy and Water with data-driven solutions. The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. I want to take advantage also to clarify on a question that I was asked earlier on the nuclear impairments and the impact on D&A. organisation These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. Thank you very much, James, for your question. 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. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. We are a media company, specifically facilitating the maritime and offshore industry. Are you talking about Q3, Q4 for the end game? European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French groups ambitious renewables and energy transition plans. - Play an important role in ensuring security of supply for France and Europe Finally, on Client Solutions, we see a strong growth potential driven by decarbonization and energy efficiency, especially in heating and cooling networks, on-site generation, and green mobility among other asset-based solutions. Net interest expense was also slightly higher driven by negative FX and lower cash remuneration. Yes. 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. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). What are you looking at? Check if your A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. Our group remains committed to Belgium and to contributing to the countrys security of supply. Thank you, Sam, for this question. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. 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. As always, my team and I are here to assist you, so do please reach out. And thats really the key part of what we do. And does is your vision about full ownership versus minorities guiding your capital allocation going forward? Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. 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. In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . In 2021, we already have hedged 80% of the production at 46. This is value neutral over time as D&A is integrated in the regulated revenue. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. 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. 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. Elle s'intresse notamment l'utilisation de la sismique 3D pour la rcupration assiste du ptrole[5]. And then, of course, in terms of Thermal, we will be very opportunistic. 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These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. You can update your choices at any time in your settings. 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+. And then, of course, now this partial sell down that were planning into a SPAC transaction. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. And so were confident to be able to invest in lots of opportunities that Catherine talked about. offers FT membership to read for free. 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. Engie board set to appoint Catherine MacGregor as new CEO. But the idea is that for the big production projects, we will give the Thermal people and the Thermal team, the responsibility to run those hydrogen production plans and projects because some of the skills are actually quite similar. So that is roughly what you have to have in mind. And so were excited about this transaction. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. Turning to our major focus areas starting with Renewables. Some others, there is still a good portion of assumption that there might be a stranded asset. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. I think we are now about time, so I would like to thank you for your attention. Cheers! This impact was partially offset by higher achieved prices for our hydro power production and higher volumes produced mainly by our wind assets. Catherine MacGregor Net Worth (2022) | wallmine Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. 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 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. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. 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). We see a huge potential for hydrogen, and we are already making significant progress in biomethane. A particular region of international growth in Networks has been Latin America, where, in addition to gas, we are also building power transmission lines. And maybe the last point, which is around performance culture, which I think can be improved within ENGIE, and here again, I can assess that the first reaction to this discussion within the company leads me to believe that we can make some inroads on that topic as well. Stepping back. 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. Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? 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. Notre lectricit est dj propre Enel nearly tripled, Orsted quadrupled. Catherine MacGregor - Chief . We announced last December that EVBox would be listed on the New York Stock Exchange. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. Not related to what I normally post, but I saw an article this morning from #NewstalkZB and thought it was brilliant. On the 100 million, quite frankly, there isnt any unusuals that you should assume. How old is Ms MacGregor? All options considered for Engie's services business sale-CEO The first is on the Supply business. 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. The first one regarding the network convergence. 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. The enshittification of apps is real. Regarding the organizational simplification, you mentioned complexity of the group. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. 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. 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! You can see that on the recent months trading for renewable players. 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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. We completed the SUEZ transaction in October and launched further strategic reviews. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. Before I say more on this, let me review the groups overall 2020 performance. 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? Net recurring income group share was within the guidance range, and Judith will cover financial performance in more detail shortly. No, absolutely. So again, when you think about the business and the need to have a resilient power system, gas has actually a very critical role to play. personalising content and ads, providing social media features and to You may change or cancel your subscription or trial at any time online. And so to in that respect, I think your comment might be valid. Hosted by His Excellency Ilham Aliyev, President of the Republic of Azerbaijan, my dear friend His Excellency Parviz Shahbazov, Minister of Energy of the Republic of Azerbaijan, and Kadri Simson, EU Commissioner for Energy, this is an important forum for advancing Europes #cleanenergy ambitions. Now the 2021 guidance. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. Please. 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. We think, in general, gas is going to be important in this energy transition. 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. So indeed, were going from 4 billion of growth CapEx to 5.5 billion, 6 billion in 2021. 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. 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. The key here is really to give that business its own industrial project, its own identity. Welcome again to Catherine. 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? Elle travaille pendant 23 ans chez Schlumberger. Before I share my view on 2021, here are our 2020 financial highlights. 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. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. 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. 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. Vocs conseguem nos apoiar? Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. And hopefully, we can share more of that in May when we come back to you. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. 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. janvier 2021 en qualit de Directrice Gnrale. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Have a nice day. In Renewables, we expect growth from asset commissioning in the United States from higher achieved prices for French hydro and from the potential positive effect of the CNR concession extension. 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. Keep abreast of significant corporate, financial and political developments around the world. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. And youre right to point out that some of our DHC networks rely on a mix of entrance of feedstock. 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. Thats really clear. Pour les articles homonymes, voir MacGregor. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. And so we have assumed a very strong recovery like we have seen it in the second half. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. And how quickly do you think it can actually contribute to your earnings, please? When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. 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? Pascal Frings., Assistente de Planejamento e Controle I | ENGIE Brasil | Gesto de Frotas | Logstica | Atendimento ao Cliente | Administrao Estcio, Bizarre, je suis un employ d'Engie et je n'ai pas reu , I am really very Happy after Hearing that Engie is going to make strong and strong renewable resources that makes to process competency of whole work which is going on this projects as i would proudly feel good i wish if you have any vacancy in the Engie organization i would definitely prefer to work this organisation as my last experience were quite satisfactory in Allied Maintenance Company Pvt Ltd at Tabuk Project in Saudi Arabia even i was working two years as store supervisor in Tabuk Projects i forwarded my resume to one of your recruiter for store supervisor as i have 12 years experience in the maintenance Departments like Civil, Plumbing, Mechanical,HVAC, Gardening, Cleaning and most importantly PGP Department. 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? The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. 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. 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. In DHC networks, the worldwide market is expected to grow over 5% per year on average across the next nine the next five years. We support credit card, debit card and PayPal payments. Its two and probably a little bit more early. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Its not like a 2020 event. Dans ce poste prestigieux et trs expos politiquement, elle succde Isabelle Kocher, partie le 24 fvrier 2020 et remplace provisoirement par Claire Waysand.

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