catherine macgregor engie bio

And Judith? So I was wondering whether you could share some thoughts on perhaps where you might be able to get back to perhaps over the medium term in that business? Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. And first question is for Catherine MacGregor. So lots of enthusiasm around renewable. #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. Could you clarify how much COVID impact youve included in 2021 relative to the 1.2 billion hit in 2020? If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Simply log into Settings & Account and select "Cancel" on the right-hand side. And the answer is yes. So no specific things to be taken into account. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. 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. 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]. Tout au long de cette priode, les quipes d'Elengy, Storengy - ENGIE, GRTgaz, GRDF Catherine Fiamma MacGregor on LinkedIn: nergie : la consommation de gaz a baiss de 6,2% en France en . 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. Revenue declined on a gross basis by approximately 900 million for the full year. So here, generally, the question, how do you think about the future of the gas networks? 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? And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? [indiscernible] Sam, for putting more pressure on us. So let me start then with your question on Thermal. https://lnkd.in/ea25krWt Were very pleased. And of course, hydrogen as it gets developed, indeed, could be very much more linked to power than maybe gas was in the past. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Indeed, we are reviewing, in a bit of a systematic manner, some of the minorities that we hold. And then, of course, in terms of Thermal, we will be very opportunistic. Now its a little bit difficult for me to really be critical about the past. #buckminsterfuller #trimtab #climatechange. Now Ill comment on the bridge from net recurring income group share to net income group share, which was negative 1.5 billion in 2020. So its a huge project. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. 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. The 281 million year-on-year COI decrease notably reflects warm temperatures and higher D&A in France. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. Un article de Wikipdia, l'encyclopdie libre. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position. 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. 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In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . This really has two reasons. That's where the "trim tab" comes in. 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. Sign up for more in-depth articles and insights. Il serait pertinent de se concentrer sur l'aprs nuclaire, I was happy to see so many enjoying each others company. 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. Selbst im Worst-Case-Szenario komme Engie dann auf eine Bewertung mit einem KGV von rund 10. These headwinds were partly offset by the outperformance of GEM activities on the back of market volatility. click here. 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. You can read more about how we handle your information in our privacy policy. So that is roughly what you have to have in mind. 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. 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. A key part of that strategy is its Ocean Winds joint venture with EDPR, which has set out its stall as a global leader in offshore wind. Premium access for businesses and educational institutions. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. French energy group Engie's ENGIE.PA board is set to appoint Catherine MacGregor, a top executive at Franco-American oil services firm TechnipFMC FTI.N as CEO, eight months after the ouster of Isabelle Kocher, a source familiar with the situation told Reuters. On the other hand, we, obviously, want stability in a power system. We think, in general, gas is going to be important in this energy transition. In the past Ms. MacGregor held the position of President-Drilling Group at Schlumberger NV and Personnel Director at Oilfield Services Co. Ltd. Ms. MacGregor received an undergraduate degree from cole Centrale Paris. 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. And my second question will be more accounting related regarding EVBox. We are facing an unparalleled opportunity to play a clear and meaningful role in tackling climate change. Ladies and gentlemen, this concludes this conference call. So hopefully, this helps. 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. Thats really clear. 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. New organizational structure for a simpler ENGIE to go live on July 1 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. organisation We had 1.2 billion total impact last year. And sometimes, its okay to lose auctions if we dont get the right returns. Okay. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. It will also require some infrastructure, maybe not with the same density at todays gas network. Yes, two topics that you were talking about, Peter. #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. We are assessing the situation, which mainly affects renewables and supply activities. Very yes, good question. The reversal of a positive internal one-off from the fourth quarter of 2019 offset in supply as well as the first effect of the RAB remuneration rate decreases also contributed to this lower COI in France. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. 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. We will now take our next question from Peter Bisztyga with Bank of America. The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? Catherine MacGregor - Chief . Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). Catherine MacGregor Net Worth (2022) | wallmine Tax charges were 300 million lower mainly due to the decrease in profit. The first one regarding the network convergence. Let me know below And thats really the key part of what we do. We do believe that its important to keep return in mind whenever we bid, and there is no must-win auction in ENGIE. This button displays the currently selected search type. 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. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. 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. https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. #mixedfeeling :D When expanded it provides a list of search options that will switch the search inputs to match the current selection. Congratulations Engie. 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? 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. So on EVBox, were very happy to have announced this transaction. Ow, nobetter ! "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." And moving now to our international networks, where we are leveraging the deep networks experience we have in Europe. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. And Im sure thats a question youve been reflecting on as you took up the new role. And part of this feedstock sometimes continue to rely on coal. We are investing in our strategic priorities for long-term value creation. Weve proven that over and over again in very, very recent past. Hydro had a strong increase organically but was down from a growth perspective because of the FX, of course, in the Brazilian real, and wind was an increase for the obvious reasons because we have been investing quite significantly in the past few years. I have only started to get to know them, and Im already extremely impressed by their engagement, their professionalism and their talent. Moving to Networks, which were resilient despite the pandemic. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. Catherine MacGregor - Biography 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. And one of the things to keep in mind, when you say how can you speed up is also that we have less sell downs in Renewables in 2021. Yes. We have a very nice digital platform to help us manage our assets better. We are expecting this to happen in a matter of weeks, following the closing of the SPAC transaction. offers FT membership to read for free. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. This was partially offset by capital gains, the main one being 1.7 billion due to the sale of the 29.9% shareholding in SUEZ. 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. Renewable #Gas: We continue to make progress, with 459 #biomethane production units connected to our networks in France, and with 5 of our #hydrogen projects in Europe selected to benefit from public aid from the European Commission. is its Ocean Winds joint venture with EDPR. [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . This is value neutral over time as D&A is integrated in the regulated revenue. [Foreign Language]. She has spent her entire professional career working in the energy sector. Delivering on decarbonization while ensuring reliability and affordability can only be achieved through a combination of centralized and decentralized solution and with a mix of energy sources. Its been a period in which the sector was exceptionally strong. Its were rounding numbers here, as you can see, because like I said, this is our target. There are 25 older and 1 younger executives at ENGIE SA. A primeira anlise que feita pelo corpo tcnico do Senado j foi feita e agora a ideia est disponvel para votao popular. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. Nothing much more structural than that really, James, on supply improvement. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. Or does it have its own game plan? Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors. Catherine, the floor is yours. We think its important to have a system play on renewables. But what is the tax rate thats assumed in the guidance and what DBpSO has assumed? We also increased the share of renewables in our portfolio to 31%, and I will cover this in more details shortly. Price is going up. 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. A short stay for a rich experience and deep learning. Why the effort to reorganize this entity given the strategic review regarding a potential disposal? Thats what Id like to understand because we need to consider whats the dilution of as well the midterm period, not only 2021. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Catherine MacGregor Wikipdia On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. 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. Its two and probably a little bit more early. I think the team has done, so far, a really nice job. And I was very pleased to hear that you put simplification at the center of your new vision for the group. 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. Thank you very much, Judith. And we will now take our next question from Vincent Ayral with JPMorgan. Currently, we have 3 gigawatts under construction for commissioning in 2021, and we are on track to achieve the 2019 target of commissioning 9 gigawatts in three years by the end of this year. Welcome to the utilities world. #Renewables: We have commissioned 2.5 GW of new #renewableenergy capacity since January and are on track to reach 4 GW by the end of the year. 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. In Latin America, COI was up significantly, driven by the scope in effect and higher organic contribution of TAG, which, Im very pleased to say, has outperformed our expectations. We also continued to benefit from the cost actions launched in the second quarter. Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. What is the identity of the Thermal business? With our experience, knowledge and reach we can optimally meet your businesses media needs and requirements in three cohesive ways: Network with the right people, Insight into the industry, and Talent to the right place. 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. Dans intrt de la France, Catherine MacGregor: The winds of change - Leaders League 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. 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. We completed the SUEZ transaction in October and launched further strategic reviews. To this end, we expect to invest between 5.5 billion to 6 billion growth CapEx, with over 90% of this in renewables, networks and asset-based client solutions. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. 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. This will mean a transition based on a combination of electrification and decarbonization of gas as well as on the development of flexible and resilient energy systems. Our group remains committed to Belgium and to contributing to the countrys security of supply. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. At Climate Week NYC 2021, the CEO of ENGIE, Catherine MacGregor explains how ENGIE will actively participate in decarbonizing its emissions by 2030. 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. Katherine MacGregor - Biography But in short, we have big ambition, but we will be disciplined. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. 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. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities. Excellent example of circular economy ! Live from New York and. So in general, we have 31-gigawatt portfolio. Thank you. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. Indeed, you can expect positive cash flow operation from our nuclear activities. Non Madame Yes. Now turning to Networks. 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. 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. A quick word on the agenda for this morning. Recharge is part of DN Media Group. Check if your On the 100 million, quite frankly, there isnt any unusuals that you should assume. So these are some of the things that we are excited about when we think about our network assets, and we like it. 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. But on defining the structure, does that mean we have a disposal in Q3, Q4? 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. In recognition of their outstanding contribution in this energy crisis, given the inflationary context and our financial performance, we have decided to award an extraordinary bonus of 1500 to all ENGIE employees worldwide. And so we have assumed a very strong recovery like we have seen it in the second half. Before that she had a 23-year career with oilfield services giant Schlumberger, ending as president of the drilling business. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. Therefore, we do continue that we do think that gas will continue to play a very key role. Pour les articles homonymes, voir MacGregor. Precisamos de 20.000 apoios para que a ideia se transforme em lei. We will then consider next steps and review future ownership options for the new entity in the second half, maximizing value and acting in the interest of all our stakeholders. Now the other aspect, of course, is that we are obviously and we have not talked too much about it yet, but the hydrogen opportunity for us is very, very material. COI was adversely impacted by roughly 300 million due to foreign exchange and by an aggregate negative scope effect of 75 million. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. The enshittification of apps is real. We have also good fleet in Middle East and also Latin America. Learn more in our Cookie Policy. A particular region of international growth in Networks has been Latin America, where, in addition to gas, we are also building power transmission lines. 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. The renewables COI, could you break that down, if you dont mind, into the change in hydro versus wind and solar in the 2020 numbers? 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. 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 partly offset by a temporary higher effective recurring tax rate at 32.5% in 2020 versus 28.2% in 2019. Thats a good clarification. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. Judith, you want to start with the EVBox question? Catherine MacGregor appointed new Engie CEO | Financial Times You mentioned that you would also phase out coal in district heating. The current total coupon of 100 million per year has been reduced by 28% since 2017. Its a geography refocus. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. Bereits 2025 wolle Engie wieder einen Gewinn von bis zu 4,7 Mrd. How old is Ms MacGregor? And also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. This has been a concern for the market. So when you will reinvest? 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. I have one question for Judith and one for Catherine, please. Before I say more on this, let me review the groups overall 2020 performance. personalising content and ads, providing social media features and to 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. Obviously, well give you more color on our ambition on renewables in May. I would love to hear from you. Stay informed and spot emerging risks and opportunities with independent global reporting, expert We invested 7.7 billion of CapEx in total. Our greenhouse gas emissions from power production reduced 9% to 68 million tons as the share of coal has further decreased in 2019. 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. This is particularly noteworthy in the context of the unprecedented pandemic. We also invested in #RenewableEnergy with the acquisition of 6 GW of solar and storage capacity projects in the US and signed an MOU to develop 3 GW of #wind power in Egypt. Net recurring income group share was in line with guidance but at the bottom end of the range.