catherine macgregor engie bio

Judith, you have 1 so about 0.1 billion of dilution at the COI level put in your guidance for 2021. And so we consider that these are going to be very important in the near term at least in order to maintain a power system that is both robust and affordable, which was some of the features that I described in my talk, as extremely, extremely important for this energy transition. They represent a key long-term growth engine for the group. Katherine MacGregor - Biography So there will be a capital gain on this. En 2020, elle est pressentie pour diriger Technip Energies, une socit en cours de cration base Paris d'environ 12000personnes issue de la scission de TechnipFMC en deux entits spares. Engie board set to appoint Catherine MacGregor as new CEO. We invested 7.7 billion of CapEx in total. Let me now hand you over to Judith to cover our financial overview, and I will come back on strategic priorities. We will run processes. And so from a financial impact standpoint, unlikely to be a 2021 story. Catherine MacGregor is currently Chief Executive Officer and Director at Engie - View - Engie org chart Create your alert to follow the career of Catherine MacGregor. French Networks had limited COVID impact also mainly on distributed gas volumes. Holidays ? We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. We will now take our next question from Peter Bisztyga with Bank of America. 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. Recharge is part of DN Media Group. 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. And second, its really focused and making sure that everybody pulls in the same direction. I'm looking forward to continuing to make a difference together. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. 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. So no impact there, of course, on G&A reduction and about 800 million of assets. 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. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, Russian far-right fighter claims border stunt exposes Putins weakness, Germany seeks to buy Leopard tanks from Switzerland, Germany and Italy stall EU ban on combustion engines, Ukraine asks EU for 250,000 artillery shells a month, Russia on alert after reconnaissance group crosses over from Ukraine, Panic station at Fox News: how the Murdochs agonised over Trumps loss, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, UK housing market braced for make-or-break spring, UK cabbage king turns to plant-based proteins, Airlines plan to sue Dutch government over Schiphol airport flight cap, There are no domestic equity investors: why companies are fleeing Londons stock market, Live news updates from March 3: Amazon pauses HQ2 construction, UK regulators launch LME probe, Deluge of inflation data pushes US borrowing costs to 2007 levels, FCA regulator blamed for Arms decision to shun London listing, Clutching Warrens letter, Im still positive on stocks. In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. Non Madame Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. Thats one thing. 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. Chief Executive Officer at NOVIGE AB, Mission Innovation Champion, Innovator of the Year, Seal of Excellence European Commission, Propeller Prize - Stena Line 2mo Glad to see all the progress. Sure. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). Alongside renewables, we are also developing projects of up to 3 gigawatts of gas-fired generation. Our group remains committed to Belgium and to contributing to the countrys security of supply. And with that, Im pleased to hand you over to Catherine. 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. Okay. As we approach our annual SAP Concur Fusion customer event very quickly, this week was rehearsal time for me! 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. We support credit card, debit card and PayPal payments. Let me now focus on the evolution of net debt and on our leverage ratios. [indiscernible] Sam, for putting more pressure on us. Indeed, you can expect positive cash flow operation from our nuclear activities. On the impact, the positive impact on 2021, on the impairment, it was about 2 billion related to goodwill. But time will tell. Engie board set to appoint Catherine MacGregor as new CEO What are you looking at? 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. For a full comparison of Standard and Premium Digital, click here. Catherine, you are in a ENGIE is in a unique position, I think, as a gas network operator with a very attractive Renewables business. 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 to this end, Im very pleased to announce our next event on the 18th of May, where Judith and I will cover both our Q1 results and provide you with a medium-term strategic plan and guidance. Catherine MacGregor We have also started to adopt the existing gas transport networks by commissioning three reverse flow installations in 2020, which allow biomethane to flow from the distribution grid to the gas storage units. I just had indeed, I will stick to two questions as well, maybe a strategic 1 as well and a more detailed 1. Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. 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? How old is Ms MacGregor? university 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. Or is it your budget of the COI for these businesses in 2021? The 0.1 billion, is this a 2020 contribution of the businesses youre going to sell? Lets now move to our Supply, Nuclear and Other activities. Engie appoints oil services executive to execute new renewables strategy Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. In our asset-light activities, we have a healthy order book and a project backlog of over 11 billion, offering good visibility for 2021. One second, it will be over soon. 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. So to summarize, ENGIE made progress at pace in 2020. And Im going to pass it on to Judith to comment maybe on the other questions. 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. And weve made some moves last year, and we will continue to do that. We are a smaller company than Engie normally would partner with. She has spent her entire professional career working in the energy sector. Hopefully you can also take this into account? We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. We will now take our next question from Emmanuel Turpin with Societe Generale. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. Lemjed Bouzekri Thuli MOLOTO Bhupendra Singh Francisca Iturrieta Amadori Berivan Szgn, So pleased that people liked my post on trim tabs. Therefore, we do continue that we do think that gas will continue to play a very key role. This was really driven by mix of the results, changes in some tax laws, including in the UK, and we are expecting to go to a more normal level at the 25% kind of range in 2021. So and then maybe Ill add that there is also, I think, a lot of things we can do and we are doing, and we will continue to do and even increase around industrialization, procurement, supply chain, of course, digital. As CEO of ENGIE, I am particularly proud of what we have achieved with our teams. So indeed, were going from 4 billion of growth CapEx to 5.5 billion, 6 billion in 2021. Please disable your ad-blocker and refresh. Now the markets are looking at the remaining energy services. These projects further cement Masdars position as a leading clean energy powerhouse, helping Azerbaijan to unlock its tremendous clean energy potential. You have, of course, in mind, that we have committed to fund our waste provision until 2025. offers FT membership to read for free. This was also driven by higher operational contribution of Brazilian assets and by improved performance from Middle East gas contracted activities. Catherine MacGregor - Chief . EBITDA and COI, at 9.3 billion and 4.6 billion, were down by 11% and 21%, respectively, on a gross basis. Within this guidance, we have included our current estimate of the potential impact. 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. Battery storage is expensive, produces no net power, has a very high LCA and basically impossible at the needed grid size. Next, a few words on the bridge from EBITDA to net recurring income group share. 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. Its, for sure, a large part of the investment case. Let me now turn to our ESG performance. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. 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. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. From November 1st DN Media Group is responsible for controlling your data on Recharge. Lastly, no change on the rating since mid-November, in line with the strong investment grade we aimed for. I guess, whats the kind of your average period of sort of non-productive capital work in progress? Catherine Macgregor, Engie SA: Profile and Biography Obviously, you did signal that youd be ramping up CapEx. We also dynamically managed our hybrid bonds, which are showing an average outstanding amount of 3.9 billion. analyse how our Sites are used. And sometimes, its okay to lose auctions if we dont get the right returns. 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. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. Catherine MacGregor | 2020 Most Powerful Women International MacGregor, an engineer . And the answer is yes. Here's a bit more, on climate change and from a few years ago, but still relevant. Please. Following the launch of the new strategic orientation in July, ENGIE completed the disposal of its 29.9% shareholding in SUEZ in October. Compare Standard and Premium Digital here. You may now disconnect. Because there was a time when that business was making around 600 million of COI. Elle devra y appliquer une stratgie dfinie par le conseil d'administration prsid par Jean-Pierre Clamadieu[6]. 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. For a full comparison of Standard and Premium Digital, click here. Thank you, Sam, for your welcome message and your welcome question. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. So yes. It was in this ramp-up that we were doing on renewability was the first time that we had significant sell downs. Let me know below Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. That will put pressure on Ms MacGregor to make her mark . Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. In addition, her appointment as Board member of the Group will be proposed for approval during the General Shareholders Meeting in 2021. Vocs conseguem nos apoiar? This very unusual year translated into a mixed set of numbers. 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. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. Enel nearly tripled, Orsted quadrupled. commentary and analysis you can trust. Education Catherine MacGregor has obtained a degree from CentraleSuplec in 1995. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. 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. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. We have a very nice digital platform to help us manage our assets better. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. I wish to thank Paulo Almirante, Judith Hartmann and Claire Waysand who will continue to serve as the interim management team until January 1st., I would like to thank the Board of Directors for the confidence it shows in me. Learn more in our Cookie Policy. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. When I think of hydrogen for ENGIE, I think all of our activities, all of our mtier benefit. 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. New organizational structure for a simpler ENGIE to go live on July 1 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]. [Foreign Language]. Thank you, Sam, for this question. And given that theyre contracted, to maybe accelerate other areas of the business? Thats really clear. Im Aarti Singhal, Director of Investor Relations at ENGIE, and welcome to our 2020 annual results conference call. You certainly have a lot of people out here who want you to be very successful. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. Its youre obviously guiding for a significant improvement in Supply COI this year versus last year. I think we are now about time, so I would like to thank you for your attention. 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 Elle a t leve au Maroc[1]. Dans intrt de la France, We have in the U.S. the largest development pipeline. 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. And so were excited about this transaction. This was due to higher contributions from entities with minorities, which fully contributed at EBITDA and COI levels but only contributed at share at net recurring income group share level. A warm welcome as well to you, Catherine MacGregor. This is what I am committed to. Before I share my view on 2021, here are our 2020 financial highlights. 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. Its a geography refocus. I think these are really, really good questions. 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. 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. 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. Have a nice day. Pay my electricity bill of next year. We have a lot of experience over the years developed through our generation and thermal activity. 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 general, we have 31-gigawatt portfolio. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Theyre going into similar areas with Networks is an important aspect. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. On the strength of our shared industry culture and my operational experience, I will work with all of our teams to achieve our goal of enabling Engie to accelerate the energy transition.. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. Current positions of Catherine MacGregor 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. We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. 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. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. And so were confident to be able to invest in lots of opportunities that Catherine talked about. Thanks to Faye Kirby and Valencia Anderson for setting up the display and sharing books written by black authors.