catherine macgregor engie bio catherine macgregor engie bio

Elle a t leve au Maroc[1]. We have a strong position in Brazil, in Peru, in Chile. However, the gross COI evolution was negative 125 million mainly due to foreign exchange. But really appreciate, thanks again ! On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. And on these assets, if you assume the five remaining years until 2025, its about 150 million of impact a year positive. Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. 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. 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. and other data for a number of reasons, such as keeping FT Sites reliable and secure, 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. Watch th. Were going to really focus on a few geographies. 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? Its about 1% of French consumption that was injected, so and thats 2021 or 2020, rather. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? And that will be something that we will be describing a bit more in details in May. But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. 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. With respect to the recent extreme weather events in Texas, we are assessing the situation. Premium access for businesses and educational institutions. In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. Enel nearly tripled, Orsted quadrupled. We will run processes. When expanded it provides a list of search options that will switch the search inputs to match the current selection. I think these are really, really good questions. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. Or is it your budget of the COI for these businesses in 2021? We use We are also expecting a year-on-year accretion resulting from the partial disposal of SUEZ and EVBox, which contributed negatively in 2020. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). Dans intrt de la France, Yes. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. Depending on opportunities, it could be this asset or another one. We will now take our next question from Sam Arie with Union Bank of Switzerland. Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, Okay. We have a French-regulated asset base of 28 billion, which makes us one of Europes largest gas network operators and a growing footprint in networks internationally. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. On the following slide, Ill share our 2021 expectations for each business line. Elle est ingnieur, diplme de l'cole centrale Paris, dont elle sort en 1995. En juillet 2019, elle est candidate au poste de prsidente de Schlumberger, mais le conseil d'administration prfre nommer Olivier Le Peuch. La situation en France depuis plus de 50 ans The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. 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. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). 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. 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. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. Some of your peers there have convinced the market that they transitioned to hydrogen. And then, of course, right after that, you have hydrogen. And so our thermal fleet has a very, very important role to play there. Moving to Networks, which were resilient despite the pandemic. Yes. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. You will remember last year, we had close to 200 million, which was really driven by 2 things or 2019, sorry, we had roughly 200 million, 2 things. Why the effort to reorganize this entity given the strategic review regarding a potential disposal? According to the IEAs latest sustainable development scenario, in Europe alone, energy from biomethane and hydrogen could potentially grow three times from 2019 levels to over 300 terawatt hours in 2030. 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. So no impact there, of course, on G&A reduction and about 800 million of assets. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Every Friday at a quarter past 10, the fire alarm. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. But we really want to focus on a return-based growth strategy. Il serait pertinent de se concentrer sur l'aprs nuclaire, Together, let's continue to make a difference! We have progressed on simplifying the group. 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. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. We think, in general, gas is going to be important in this energy transition. We had 1.2 billion total impact last year. 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. The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. 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. She has managed numerous complex industrial projects, both . Pay my electricity bill of next year. And then, of course, in terms of Thermal, we will be very opportunistic. And then just another one on guidance. The COVID impact on our thermal activities was minimal with lower demand mainly in Chile and Peru. Welcome to the sector, indeed. And Networks, given that we do, we continue to invest here in France into the RAB, you will see a relative quick turnaround into contribution. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. On the renewables COI for 2020 of about 1.1 billion, basically, you can assume that the main contributors were hydro and wind, hydro about 700 million of that and wind was the rest. These factors, together with a track record in decentralized infrastructure and a fast-growing position in renewable gases, means we are very well placed indeed. Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class Yes. 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If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Please disable your ad-blocker and refresh. 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. All information you need to have a pleasant time during the event. (Tech. And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. Or does it have its own game plan? This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Nothing much more structural than that really, James, on supply improvement. 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 . Higher D&A was mainly due to accelerated amortization of some distribution assets. But on defining the structure, does that mean we have a disposal in Q3, Q4? Thank you very much, James, for your question. She was in charge of the entitys IPO. *Criao da poltica nacional de incluso das pessoas 50+ no mercado de trabalho* And Judith? So Id be very interested to reflect to hear your first thought after you have looked at the market for gas. To Engie in my case. In the summer of 2019, she chose to pursue her career in the energy industry by joining the executive committee of the TechnipFMC group to lead its onshore and offshore engineering and construction activities, Technip Energies. For cost savings, you can change your plan at any time online in the Settings & Account section. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! And so to in that respect, I think your comment might be valid. [Foreign Language]. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? You may change or cancel your subscription or trial at any time online. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. Turning to our major focus areas starting with Renewables. 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. And also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. So can you be a little bit more specific about where the extra CapEx is being spent this year and how youve been able to ramp it up so quickly? And its hard to know theres obviously been some pretty big changes in competitive dynamics over the last couple of years. I have a couple of questions, 1 for Catherine and 1 for Judith. 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%. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. On the other hand, we, obviously, want stability in a power system. Yes. Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. 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. On an organic basis, the business line saw 1% growth, which was a strong result considering that there were over 100 million of positive operational one-offs in 2019 from LDs on newly commissioned power plants in Brazil and Chile. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Two questions from me. [indiscernible] Sam, for putting more pressure on us. So in short obviously, its a topic we could talk for hours. Does this mean that Equans is now getting nothing? 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. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. We invested 4 billion of growth CapEx and successfully commissioned 3 gigawatt of wind and solar assets. COI was adversely impacted by roughly 300 million due to foreign exchange and by an aggregate negative scope effect of 75 million. https://noviocean.energy/documents/ 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. on the development of flexible and resilient energy systems. It's inspiring to see how ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance in these uncertain times. And what is your philosophy there? These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. And so from a financial impact standpoint, unlikely to be a 2021 story. personalising content and ads, providing social media features and to 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. I have one question for Judith and one for Catherine, please. You certainly have a lot of people out here who want you to be very successful. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. And given that theyre contracted, to maybe accelerate other areas of the business? And finally, we also strengthened our position in the rapidly growing market of corporate PPAs with over 1.5 gigawatts of contracts signed in 2020. And Ill turn to Judith maybe for the cash flow from Nuclear. #mixedfeeling :D In emerging markets, the importance of gas is driven not just by economic growth but also by reducing exposure to higher emitting sources such as coal. The first one regarding the network convergence. ENGIE thanks you for your participation. A key area of value creation from renewables is the ability to commercialize energy with new and innovative solutions for customers, and we have made great progress on this front. Significant growth is also expected in the use of renewable gases to accelerate the energy transition. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. 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. Thank you, Emmanuel, for your questions. In November, we discussed the creation of a new leader in multi-technical services, which would benefit from scale and strong growth prospects. 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. Good morning, everyone. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. 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 sorry, just a follow-up on the CapEx. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. And we will now take our next question from Vincent Ayral with JPMorgan. 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. Great post Catherine Fiamma MacGregor! Current positions of Catherine MacGregor This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. We also continued to benefit from the cost actions launched in the second quarter. 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. Is this happening to you frequently? I am very pleased that Jrme Stubler, who has more than 30 years' experience in the construction industry, joined us recently and will be leading this important project. So the 150 million I gave is correct. And still on the asset rotation, this leaves you probably, I dont know, 12 billion of total proceeds, maybe overall when we put everything all together. Recharge is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. Alongside renewables, we are also developing projects of up to 3 gigawatts of gas-fired generation. Please. And so our whole plan that weve announced today, and obviously, very pleased to have made this announcement today, includes for each of these networks solution to convert the coal to other source of feedstock. Our environment is changing. Yes. European utility giant Engie named oil & gas industry veteran Catherine MacGregor as its new CEO with a remit to lead the French group's ambitious renewables and energy transition plans. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Judith? So thats one aspect of it. So I think this is a key point Id be interested in. On the 100 million, quite frankly, there isnt any unusuals that you should assume. Currently, Catherine MacGregor holds the position of Chief Executive Officer for ENGIE SA. And maybe Ill just say a few things, and Ill pass on to Judith, just to say that the Client Solutions project is a big project. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. Its a geography refocus. In 2020, most of our newly commissioned assets were onshore wind followed by solar. And I look forward to leveraging their strengths to deliver on a full agenda in such critical times for the energy industry and for ENGIE. This translates to a dividend of 0.53, which will be proposed for shareholder approval at our AGM on the 20th of May. 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. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. 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. Ses parents, d'origine corse et basque[1], sont professeurs. She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. 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). 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. And sometimes, its okay to lose auctions if we dont get the right returns. Operationally in 2020, the group continuously evolved processes to tackle COVID, and we maintained high health and safety standards for both occupational and process safety. The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? This very unusual year translated into a mixed set of numbers. We have a very nice digital platform to help us manage our assets better. - Accompany our customers in their decarbonization strategies to face the climate emergency hosting the engineering activities. Iberdrola shares nearly doubled. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. So again, of course, I mean, it 2020 was heavily impacted. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. 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). For example, last year, 91 additional biomethane production units were connected to the French gas grids, and over 85% of these were connected to GRDF. Excluding the scope out effect of SUEZ in the fourth quarter, the second half performance in 2020 was similar to previous year. I would like to pay tribute to their mobilization, which has enabled us to: https://www.linkedin.com/in/catherine-fiamma-macgregor-3008171/. Thank you very much, Judith. Holidays ? Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. 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. And then the second question is more for Judith. A quick word on the agenda for this morning. Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. fusion, How old is Ms MacGregor? #beyou #beunique #beunited ENGIE Africa In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. French Networks had limited COVID impact also mainly on distributed gas volumes. Tax charges were 300 million lower mainly due to the decrease in profit. 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. And Im sure thats a question youve been reflecting on as you took up the new role. 2020 was really a milestone year for ENGIE in the U.S. with nearly 2 gigawatts of this new capacity commissioned across four states, taking our total installed renewable generation there to over 3 gigawatts. Theyre going into similar areas with Networks is an important aspect. Economic net debt-to-EBITDA ratio was four times stable compared with December 2019 and better than 2020 guidance. Catherine will then come back and share our priorities. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. Hopefully you can also take this into account? 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. Here's a bit more, on climate change and from a few years ago, but still relevant. 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. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. So for my question, the first is on the asset rotation. You can read more about how we handle your information in our privacy policy. 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. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. For a full comparison of Standard and Premium Digital, click here. 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. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. Long-term growth drivers for asset-light activities are also strong, underpinned by major international actions plans, such as the European green deal towards making the EUs economy sustainable. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. Indeed, you can expect positive cash flow operation from our nuclear activities. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. Now turning to Networks. One is, of course, to participate in the future growth that we are projecting for this company; and second, of course, the close link into this space, which is a very important space for us.