She is the only female CEO in France's CAC-40 stock index; French Finance Minister Bruno. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. 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. Catherine MacGregor will join Engie as CEO. Here's a bit more, on climate change and from a few years ago, but still relevant. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. 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. 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. So these are some of the things that we are excited about when we think about our network assets, and we like it. We have this 28 billion RAB, or regulated asset base, in France, which gives us this good visibility and predictability, which is a very nice complement to the renewable. She occupied a number of roles within [] But time will tell. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. And so every year, we will allocate capital to that, and thats 1.3 billion a year. So I would like to hear your opinion, how maybe your story might be slightly different from electric renewables players, how we maybe think about the gas network as a funding option for the renewables growth. So for my question, the first is on the asset rotation. Now the markets are looking at the remaining energy services. The oldest executive at ENGIE SA is Francoise Malrieu, 73, who is the Independent Director. Katherine MacGregor (born Dorlee Deane McGregor; January 12, 1925 - November 13, 2018) was an American actress, best known for her role as Harriet Oleson in Little House on the Prairie. Thank you very much, James, for your question. Check if your The enshittification of apps is real. Employee consultation on the proposed organization design started this month as planned, and we expect it to conclude by the end of the second quarter. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. #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. Catherine Fiamma MacGregor is an Influencer, https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future, https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. https://noviocean.energy/documents/ These projects further cement Masdars position as a leading clean energy powerhouse, helping Azerbaijan to unlock its tremendous clean energy potential. For cost savings, you can change your plan at any time online in the Settings & Account section. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in 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. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Let me know below cookies We are a media company, specifically facilitating the maritime and offshore industry. We will make sure that we get the right price. On May 18, 2021, ENGIE's Chief Executive Officer Catherine MacGregor unveiled the Group's strategic roadmap, to reaffirm ENGIE as a leader in the energy transition. Please go ahead. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. We support credit card, debit card and PayPal payments. Now the 2021 guidance. And Judith will give you a little bit of the background and more details on the rest. 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? Dans ce poste prestigieux et trs expos politiquement, elle succde Isabelle Kocher, partie le 24 fvrier 2020 et remplace provisoirement par Claire Waysand. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. analyse how our Sites are used. You mentioned the COVID impact and how to think about it in 2021. I will now hand you back to Catherine for our 2021 priorities. I have a couple of questions, 1 for Catherine and 1 for Judith. For a full comparison of Standard and Premium Digital, click here. Catherine MacGregor a t dcrite positivement par d'anciens collaborateurs: des articles de presses rapportent des propos qui la dsignent comme une personne trs simple aux loisirs sans surprise (cinma ou scrabble)[1], directe, mthodique, tenace, trs oprationnelle[4], humble et courageuse[3], efficace, mais elle sait couter (Thierry Pilenko)[2]. But let me reassure you, there are several processes that have been launched, and so were confident that we can move at speed to really help simplify the group through the disposals. #solvaylife #workculture #lovemyworkfamily, Celebrating our diverse HR team during the HR Seminar in UAE. Vocs conseguem nos apoiar? 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. Dans intrt de la France, Euro erzielen. 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. 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 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. You can update your choices at any time in your settings. I just wanted to remind that given of the absence of the LTO that there is the amortization is now happening quicker. We have also good fleet in Middle East and also Latin America. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Estabelecer as diretrizes legais e normativas para incentivar a contratao de pessoas com 50 anos ou mais nas organizaes privadas atravs da reduo de impostos sobre a folha destes empregados. 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. We also continued to benefit from the cost actions launched in the second quarter. modifier - modifier le code - modifier Wikidata. So you say the inflection on the strategy last summer, ENGIE already has started pretty fast on that as you flagged. A warm welcome as well to you, Catherine MacGregor. https://lnkd.in/ea25krWt We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. 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Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. Est 53 centrales nuclaires qui vous donnent l'lectricit la moins chre au monde, Pay my electricity bill of next year. So naturally, were landing more just below a 100 million figure for 2021. Following which, as usual, well open the lines for Q&A. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. She has spent her entire professional career working in the energy sector. 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. 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 Im sure thats a question youve been reflecting on as you took up the new role. The current total coupon of 100 million per year has been reduced by 28% since 2017. In Nuclear, we expect contribution to increase as volumes should be higher, thanks to better availability. Judith, you want to answer the second question? Thats what Id like to understand because we need to consider whats the dilution of as well the midterm period, not only 2021. Its two and probably a little bit more early. This is particularly noteworthy in the context of the unprecedented pandemic. In November, we discussed the creation of a new leader in multi-technical services, which would benefit from scale and strong growth prospects. Regarding the organizational simplification, you mentioned complexity of the group. 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. And so our thermal fleet has a very, very important role to play there. 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. Holidays ? These negative effects were partially offset by the positive GFOM ruling in Brazil of approximately 165 million. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. , Dear Catherine, Overall, these positive factors are expected to more than offset year-on-year negative evolutions. 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. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! 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. COVID weighed particularly heavily on Client Solutions and on Supply. You can still enjoy your subscription until the end of your current billing period. 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. Renewables showed continued progress and overall operational resilience to COVID with organic growth of 11% in 2020. Hopefully, thats an easy one, but would be very helpful. Simply log into Settings & Account and select "Cancel" on the right-hand side. We maintained a high level of liquidity with 23 billion, including 13.3 billion of cash as at the end of December 2020. Let me now focus on the evolution of net debt and on our leverage ratios. The first is on the Supply business. We have progressed on simplifying the group. Biography [ edit] Yes. We will run processes. 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. 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. Let me give you the 2020 COI highlights. And also, 4 of them clearly align with the business activities that are core and are very much part of our strategic priorities. Congratulations Engie. The key here is really to give that business its own industrial project, its own identity. commentary and analysis you can trust. We support credit card, debit card and PayPal payments. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. And what is your philosophy there? The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. 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? Sign up for more in-depth articles and insights. From 2013 to 2016, she also served as president Europe & Africa at Schlumberger, before being promoted in 2017 to president of the drilling business, while based in London. So in short obviously, its a topic we could talk for hours. 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. About Catherine MacGregor MacGregor became the CEO of French energy company Engie in January 2021. 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.
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