catherine macgregor engie bio

Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! The first one is on strategy. And weve announced that there might be a second step, but we will obviously cross that bridge when it comes to it. So thank you very much, and bye-bye. Yes. Catherine MacGregor est elle-mme mre de deux filles 2 . Engie has been riven in the past by fights between chairman and CEO and is a company where the board plays a big role in shaping 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? Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. - Contribute to measures to support purchasing power Before I share my view on 2021, here are our 2020 financial highlights. We are a smaller company than Engie normally would partner with. 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. So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. We have strict criteria, and we will stick to them. Organically, these evolutions were slightly better. Financial net debt decreased by 3.5 billion to 22.5 billion from December 2019 primarily due to disposal proceeds. We completed the SUEZ transaction in October and launched further strategic reviews. and other data for a number of reasons, such as keeping FT Sites reliable and secure, And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? Are you working on a new organizational format? I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. We also continued our relentless pursuit of simplifying the group. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. ENGIE has developed a strong platform in Client Solutions from which we can tap into the growth in this space. Pour viter se gchis financier avec l'argent des franais 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. 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. 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? Firstly, Id like to share everyones sentiments in wishing Catherine well in her role. H2, Dans le SBF 120, on y trouve en tout 13 femmes DG et 12 . And the second one, if I may ask, around Client Solutions. And second, its really focused and making sure that everybody pulls in the same direction. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. Please disable your ad-blocker and refresh. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. Ladies and gentlemen, this concludes this conference call. The enshittification of apps is real. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? But that brings me to my question actually. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? And with that, Im pleased to hand you over to Catherine. Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. Because there was a time when that business was making around 600 million of COI. So there will be a capital gain on this. 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. In other words, direct stable energy is needed these hours. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. Its going to take us some time. 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. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. Indeed, we had an increase a temporary increase in 2020 to 32.5%. Engie appoints oil services executive to execute new renewables strategy 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. And we will now take our next question from Ajay Patel with Goldman Sachs. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. 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. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. Name: Katherine MacGregor Birth Year: 1925 Birth date: January 12, 1925 Birth State: California Birth City: Glendale Birth Country: United States Gender: Female Best Known For: Katherine. And then your other question was related to the organization. She has spent her entire professional career working in the energy sector. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. So two questions, please. 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. What are you looking at? Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, Now the markets are looking at the remaining energy services. Thats really clear. And I suppose when we see you planning a CMD in May, I think lot of us are hoping that youll be able to do something similar at the May event. 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. 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. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. On the following slide, Ill share our 2021 expectations for each business line. We delivered for our customers while continuing to invest in major capital projects. Areas of expertise ; We have a lot of experience over the years developed through our generation and thermal activity. 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. Then rapidly followed: "what am I gonna use that for ? 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. 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. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. And Judith, you want to comment, please, on the impairment? Obviously, well give you more color on our ambition on renewables in May. 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. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. It will also require some infrastructure, maybe not with the same density at todays gas network. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. I think we are now about time, so I would like to thank you for your attention. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Catherine Macgregor, Engie SA: Profile and Biography Its, for sure, a large part of the investment case. The second quarter was unprecedented and very, very stringent lockdown measures in our main countries. Net recurring income group share was in line with guidance but at the bottom end of the range. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. 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. A cycle, of course, could be 3, 4, 5 years depending on the country. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. Yes. ENGIE thanks you for your participation. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. And Im going to pass it on to Judith now for the COI details on Renewables. 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. 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. To Engie in my case. We also posted higher financial costs. I think, as you pointed out, theres been a little bit of a race to gigawatts. Catherine MacGregor appointed new Engie CEO | Financial Times 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. 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 announced last December that EVBox would be listed on the New York Stock Exchange. You can store it. These headwinds were partly offset by the outperformance of GEM activities on the back of market volatility. We will run processes. You may change or cancel your subscription or trial at any time online. On your two questions, 1 was on the tax rate. 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. And of course, hydrogen as it gets developed, indeed, could be very much more linked to power than maybe gas was in the past. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. The biggest, of course, remains Renewables. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. We are investing in our strategic priorities for long-term value creation. One was the CapEx. You may now disconnect. For a full comparison of Standard and Premium Digital, click here. 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. 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? In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. As a leader in gas networks, we are playing a critical role in enabling an affordable and smooth energy transition, and we are promoting a progressive increase in the role of renewable gases. Euro erzielen und am Vorhaben festhalten, jhrlich 65 . Thank you, Emmanuel, for your questions. This is what I am committed to. It is important to say that our renewables growth ambition is not about entering a gigawatt race. organisation - Play an important role in ensuring security of supply for France and Europe 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. Simply log into Settings & Account and select "Cancel" on the right-hand side. The second half of 2020 showed a strong recovery after second quarter, which has which was heavily impacted by COVID. In Networks, lower RAB remuneration rates in France should be offset by the reversal of 2020 warm temperatures as well as continued growth in Latin America. And Im going to pass it on to Judith to comment maybe on the other questions. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Catherine MacGregor: The winds of change - Leaders League We think, in general, gas is going to be important in this energy transition. 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Does this mean that Equans is now getting nothing? If we look at the long term, weve got an average of 20% of minority as part of group net income with large minority stakes in Latam, for instance. 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. Its been a period in which the sector was exceptionally strong. We have a strong position in Brazil, in Peru, in Chile. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. Let me now focus on the evolution of net debt and on our leverage ratios. Recharge is part of DN Media Group AS. 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. And does is your vision about full ownership versus minorities guiding your capital allocation going forward? Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. 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. Catherine MacGregor | 2020 Most Powerful Women International I have a couple of questions, 1 for Catherine and 1 for Judith. Catherine MacGregor - Biography 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. personalising content and ads, providing social media features and to 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. Here's a bit more, on climate change and from a few years ago, but still relevant. In addition to this strong organic growth, we also added 2 gigawatts through acquisition of operating assets. Welcome again to Catherine. You have, of course, in mind, that we have committed to fund our waste provision until 2025. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. And that will be something that we will be describing a bit more in details in May. We assume up to 100 million dilution effect at the COI level from approximately 2 billion disposals in addition to previously signed transactions. So our main working scenario right now is that it wont happen. For a full comparison of Standard and Premium Digital, click here. CEO of French energy giant Engie since January, Catherine MacGregor hopes to lead the company into a brighter and greener future. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. 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. So the 150 million I gave is correct. And importantly, we reaffirm our dividend policy, which relies on a 65% to 75% payout ratio on the basis of net recurring income group share. I'm looking forward to continuing to make a difference together. Other generators like Uniper and Fortum have been very strong as well. So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. 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. Thank you very much, James, for your question. 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. Our environment is changing. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. 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 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. 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. Hopefully, thats an easy one, but would be very helpful. 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. It is such an exciting time to have joined ENGIE, exciting time for the group and for the energy industry as a whole. The first one regarding the network convergence. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. And then, of course, now this partial sell down that were planning into a SPAC transaction. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. The key here is really to give that business its own industrial project, its own identity. On the 100 million, quite frankly, there isnt any unusuals that you should assume. With respect to the recent extreme weather events in Texas, we are assessing the situation. (Tech. 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. You certainly have a lot of people out here who want you to be very successful. Check if your We are experts in sourcing projects, in dealing with permitting, land ownership issues, financing, partnering, environmental assessment and all that good stuff as well as aspects of social acceptability, which is really important in the development of renewables as you know. And so we have assumed a very strong recovery like we have seen it in the second half. 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 So that is roughly what you have to have in mind. Engie's new CEO sets out with the goal of simplifying the energy group Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. You can still enjoy your subscription until the end of your current billing period. La dernire modification de cette page a t faite le 22 fvrier 2023 19:40. 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. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Learn more in our Cookie Policy. Welcome to the utilities world. And this is something, obviously, that we are going to continue and push. Thank you very much, Aarti, and good morning, everyone. Catherine MacGREGOR - Les Rencontres conomiques We support credit card, debit card and PayPal payments. I think these are really, really good questions. on the development of flexible and resilient energy systems. I was happy to see so many enjoying each others company. For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. It seems to be the trend last few questions. In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. There are 25 older and 1 younger executives at ENGIE SA. I look forward to working with her in the months and years to come to deliver the Groups strategic orientations. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Elle est ingnieur, diplme de l'cole centrale Paris, dont elle sort en 1995. Harnessing 35 years of expertise to power the future of Energy and Water with data-driven solutions. Sign up for more in-depth articles and insights. Are you talking about Q3, Q4 for the end game? analyse how our Sites are used. 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.

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