catherine macgregor engie bio

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. 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. Altogether, these units can contribute to a yearly production of up to 3.9 terawatt hours, equating to the annual gas consumption for hitting approximately one million new build homes in France. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line, Glad to see all the progress Engie is doing in becoming a renewable leader. 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. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. And then, of course, now this partial sell down that were planning into a SPAC transaction. We have also good fleet in Middle East and also Latin America. 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. We have a new business organization and leadership team who is focused on performance, and weve committed to executing our strategy to accelerating the group growth and to strengthening our commitment to the energy transition. cookies Higher D&A was mainly due to accelerated amortization of some distribution assets. Thank you very much, Judith. 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. For a full comparison of Standard and Premium Digital, click here. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. cookies Welcome to the sector, indeed. commentary and analysis you can trust. It will also require some infrastructure, maybe not with the same density at todays gas network. 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? A warm welcome as well to you, Catherine MacGregor. https://noviocean.energy/novigenews-oeec-startup-award-green-tech-net-zero-future/ In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. What an insightful stay in India this week starting with a technical conference on #hydrogen #certification at #IndiaEnergyWeek then meetings with 7 industrial players developing hydrogen projects across #India. Sure. Although we were in crisis management most of 2020, we did not lose focus on our long-term objectives and continued to invest for the future. Notre lectricit est dj propre https://waves-energy.co/maps/. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. Current positions of Catherine MacGregor In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. Dans intrt de la France, modifier - modifier le code - modifier Wikidata. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. Thank you. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. However, our results were ahead of our expectations on both metrics, and this was driven by the fact that the second half confinements were lighter in our main markets and that we adapted our processes, contributing to improved activity levels. We have some core competencies. Hopefully you can also take this into account? I have a couple of questions, 1 for Catherine and 1 for Judith. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. So these are some of the things that we are excited about when we think about our network assets, and we like it. Now turning to Networks. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. Pay my electricity bill of next year. Great post Catherine Fiamma MacGregor! Regarding the organizational simplification, you mentioned complexity of the group. The COVID impact on our thermal activities was minimal with lower demand mainly in Chile and Peru. Supplies offered a net COVID impact of roughly 290 million mainly due to lower consumption, bad debt and lower B2C services. Is it something that could be you realize value of and take advantage of low rates? We also continued our relentless pursuit of simplifying the group. Or is it your budget of the COI for these businesses in 2021? Congratulations Engie. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. And as you might have noticed that lately, we have not really entered the race of enhancement of gigawatt. Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. 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. Learn more in our Cookie Policy. Okay. The President & CEO of the Finnish grid company Fingrid Oyj, Jukka Ruusunen, D.Sc. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. 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. analyse how our Sites are used. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. The contribution of French renewables was also lower due to the reduction in DBSO margins in 2020. 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. This was partly offset by a temporary higher effective recurring tax rate at 32.5% in 2020 versus 28.2% in 2019. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. In Nuclear, following the announcements of the Belgian government in Q4 2020, it has been decided to stop all preparation works that would allow a 20-year extension of two units beyond 2025, as it seems unlikely that such an extension can take place given the technical and the regulatory constraints. 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? And then the last thing I would want to mention, too, is on the positive side of this decision, is this will help us reallocate some earmarked, lets say, CapEx into, again, our growth opportunities in Renewables and in Networks. 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. 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. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. Catherine MacGregor will join Engie as CEO. Biography [ edit] Could you just give us an idea on the potential accounting impact of the operations that you are doing on this subsidiary? 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. The Board of Directors decided to appoint Catherine MacGregor as ENGIE Chief Executive Officer. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. Strategy: we have made progress in the execution of our plan to build a stronger and more unified Group, on the offensive to accelerate the energy transition. Thank you, Catherine, and good morning, everybody. But is it bad? Also on the same point, risking up or risking down in the future strategy, what is your view on how the risk profile for ENGIE should change going forward? And given that theyre contracted, to maybe accelerate other areas of the business? Are you talking about Q3, Q4 for the end game? Education Catherine MacGregor has obtained a degree from CentraleSuplec in 1995. She was in charge of the entitys IPO. If you have an ad-blocker enabled you may be blocked from proceeding. Ladies and gentlemen, this concludes this conference call. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. We have a team of about 300 developers who are really good at what they do. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. 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. So this is becoming real. These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. 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. Weve proven that over and over again in very, very recent past. So for my question, the first is on the asset rotation. But ENGIE shares have gone, lets say, sort of sideways and even down a bit in that time. This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. We will now take our next question from Sam Arie with Union Bank of Switzerland. 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. Offshore wind is typically much longer. Its two and probably a little bit more early. And this is something, obviously, that we are going to continue and push. That will put pressure on Ms MacGregor to make her mark . A short stay for a rich experience and deep learning. I think these are really, really good questions. - Accompany our customers in their decarbonization strategies to face the climate emergency Welcome again to Catherine. Sign up for more in-depth articles and insights. 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 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. 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. The Board has reaffirmed the groups dividend policy and proposed for 2020 a payout ratio of 75%, which is at the top end of the range. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. Stepping back. And yes, let me start by saying also welcome and wishing you success in the new role. Thank you very much, Aarti, and good morning, everyone. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. 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. But where should we be hoping that Supply COI gets back to either this year or perhaps over the medium term? Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Les miroirs magiques et moulins vent ne seront jamais une alternative au nuclaire franais, On the following slide, Ill share our 2021 expectations for each business line. Catherine MacGregor est elle-mme mre de deux filles 2 . So without going into any specific, youre right to say that it does contribute to the simplification efforts. So if you add those two effects together, you go from 150 million positive to roughly 160 million positive in 2021. Now from a also power system standpoint, gas today is also a very nice complement to renewables because it has brings the flexibility. 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 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. 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. [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . On the impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. Sur cette version linguistique de Wikipdia, les liens interlangues sont placs en haut droite du titre de larticle. 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. 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. Elle travaille pendant 23 ans chez Schlumberger. CFFO was 7.1 billion in 2020, down 500 million versus 2019, mainly driven by the following effects. 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. Judith, you want to answer the second question? Euro erzielen. Cheers! And sorry, just a follow-up on the CapEx. Energy Solutions: we won major contracts in district heating and cooling networks but also in #greenmobility, notably with 5600 charging points for electric vehicles in Belgium And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July. Estabelece ainda cotas 50+ proporcionais a populao para preenchimento de vagas no setor pblico. This higher tax rate included notably the adjustment of carrying value of some deferred tax assets and the one-off effect of the tax rate change in the UK. Yes. Carbon neutrality is at the heart of ENGIEs purpose and central to our strategic direction. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. The commitment and mobilization of all our teams at ENGIE is truly exceptional and it is an honor to be a part of such a dedicated and forward-thinking organization! So really, in summary, three elements: complexity, sharper capital allocation, everybody pulling in the same direction and performance culture are three important elements, I think, that are going to make a difference and allow ENGIE, indeed, to strive in those strong tailwinds that continue to be there for us. And I just wanted maybe to clarify that the government has not explicitly made the decision. At the end of 2020, the financial net debt-to-EBITDA ratio was 2.4 times, a slight decrease compared to December 2019. So on EVBox, were very happy to have announced this transaction. Now the guidance for 2021. Our environment is changing. 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. We will now take our next question from Emmanuel Turpin with Societe Generale. So maybe I will start with your last question, which is around the decision on nuclear. Or does it have its own game plan? Holidays ? Check if your And of course, hydrogen as it gets developed, indeed, could be very much more linked to power than maybe gas was in the past. So that is roughly what you have to have in mind. 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. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. ENGIE thanks you for your participation. 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. Were, in fact, very positive and excited about the opportunity of these businesses, very, very different from other more traditional mtier that we have in ENGIE, and the idea is really to form a very coherent entity, which Jrme Stubler is very busy doing right now. It honors and commits me. We use Thank you, Sam, for this question. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. But what is the tax rate thats assumed in the guidance and what DBpSO has assumed? 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. 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. And Judith will give you a little bit of the background and more details on the rest. In 2021, we already have hedged 80% of the production at 46. Engie board set to appoint Catherine MacGregor as new CEO. We will now take the next question from Meike Becker with Bernstein. Organically, these evolutions were slightly better. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities.

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