catherine macgregor engie bio catherine macgregor engie bio

We invested 7.7 billion of CapEx in total. We will now take our next question from Peter Bisztyga with Bank of America. 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). 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. And then on your DBSO question, what were expecting for 2021 is roughly in line with what we had in 2020, so just below 100 million. I have one question for Judith and one for Catherine, please. At the event, we were pleased to highlight how #Masdar is working with our partners in Azerbaijan to develop world-class clean energy projects like the 230 MW Garadagh Solar PV Plant, with further agreements to develop up to 10GW of clean energy capacity across #onshorewind, #offshorewind, #solar, and #greenhydrogen projects. We are a media company, specifically facilitating the maritime and offshore industry. 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. And so the number that I quoted, which was the injection that we did last year, you start to see that it becomes meaningful. 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. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. In just eight weeks that I have been here, I can already see the tremendous potential ENGIE has in accelerating this energy transition. cookies We have already secured better pricing for 18% of our 2021 output at 46 per megawatt hour. And hopefully, we can share more of that in May when we come back to you. [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . Now the 2021 guidance. 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. Pour les articles homonymes, voir MacGregor. 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. Second, change in working capital requirements from activities, excluding energy management, had an impact of negative 200 million. We have a lot of experience over the years developed through our generation and thermal activity. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. And I can confirm that the whole executive committee is passionate about moving along our strategy and enhancing our performance culture. 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. And sorry, just a follow-up on the CapEx. 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. Our environment is changing. Today, I am very pleased to announce a commitment to exit all coal assets in Europe by 2025 and globally by 2027, in line with our purpose to drive carbon neutrality. Thank you very much, Judith. 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. A warm welcome as well to you, Catherine MacGregor. On organic evolution per business line, Renewables, Thermal and Nuclear were resilient and even grew organically. Thank you, Sam, for your welcome message and your welcome question. She has spent her entire career in the energy sector. We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. And so our thermal fleet has a very, very important role to play there. Last but not least, visiting BV head office in Mumbai and meeting SSC and SAR management team. So no impact there, of course, on G&A reduction and about 800 million of assets. We want to develop and further our differentiation. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. So 25% of your business is in Thermal, and its an area that youre not particularly resting hugely behind if you look at the growth CapEx numbers. Now simplification is a bit of a general concept, and I was hoping for a bit more color from your part. 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. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. 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. It mainly affects our renewables and supply activities. Thank you. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. Within this guidance, we have included our current estimate of the potential impact. Yes. https://waves-energy.co/maps/. It seems to be the trend last few questions. No, thank you. So here, generally, the question, how do you think about the future of the gas networks? Please. But we really want to focus on a return-based growth strategy. 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. https://www12.senado.leg.br/ecidadania/visualizacaoideia?id=167822. Hopefully, thats an easy one, but would be very helpful. Sign up for more in-depth articles and insights. Are you working on a new organizational format? Anyone whos keen to learn more about the topics that are currently driving our industry is more than welcome to attend the event! 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. To conclude on Thermal, let me highlight the demothballing of two Dutch gas units, demonstrating this fleets flexibility to take advantage of market opportunities. And then I also had a question on the coal phase out. 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. We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. And also, is there any possibility to reverse the decision on the Belgium life extension should the Belgium government change its stance this year? We use So two questions, please. - Contribute to measures to support purchasing power 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 . 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. #mixedfeeling :D During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. 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. Select Accept to consent or Reject to decline non-essential cookies for this use. Regarding COVID, our projections assume restrictions similar to the fourth quarter 2020 and a gradual easing over 2021. This was mainly due to impairments, especially related to our nuclear reactors. I want to take advantage also to clarify on a question that I was asked earlier on the nuclear impairments and the impact on D&A. 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. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. 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. Yes. 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. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. I mentioned earlier two things actually. 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 . You can update your choices at any time in your settings. Euro erzielen und am Vorhaben festhalten, jhrlich 65 . So first to reiterate on that, we are very pleased with our position on renewables, and we are leader in France. Lower results from SUEZ also impacted Client Solutions COI by approximately 160 million. Also from my side, Catherine, a very warm welcome to the sector and wishing you all the best. Before I share my view on 2021, here are our 2020 financial highlights. For cost savings, you can change your plan at any time online in the Settings & Account section. This is value neutral over time as D&A is integrated in the regulated revenue. EBITDA and COI were both down significantly from last year mainly due to the impact of the pandemic. Solvay Alpharetta celebrates Black History Month. G&A was up mainly because of acquisitions, asset commissioning and accelerated amortization for some French gas distribution assets. Catherine MacGregor, ne Catherine Fiamma le 7 aot 1972 au Maroc, est un ingnieur et chef d'entreprise de nationalit franaise. For cost savings, you can change your plan at any time online in the Settings & Account section. 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. The Board of Directors decided on Catherine MacGregor's appointment as ENGIE's Chief Executive Officer on 2 October last year. She occupied a number of roles within [] I guess, whats the kind of your average period of sort of non-productive capital work in progress? And in terms of the supply, were really expecting supply to recover mainly from less COVID impacts, also looking at the temperature, which will improve. We will continue funding nuclear provisions in Belgium and invest for maintenance with a total of approximately 4 billion. 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? This is particularly noteworthy in the context of the unprecedented pandemic. 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. 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. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. I think the team has done, so far, a really nice job. It honors and commits me. Lets keep in mind that revenues are also indexed to inflation and will benefit from that increase over time. Some of your peers there have convinced the market that they transitioned to hydrogen. Premium access for businesses and educational institutions. But when you think about where that green hydrogen will be produced and where it will be consumed, the fact that we have infrastructure to transport this hydrogen, potentially to store this hydrogen will play to our strength. We will run processes. But just one observation is a key part of success, I think, for some of your peers has been laying out quite detailed guidance over a 3-year period. H2, The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. Il serait pertinent de se concentrer sur l'aprs nuclaire, Yes. We will make sure that we get the right price. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. 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. Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. We have in the U.S. the largest development pipeline. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class In other words, direct stable energy is needed these hours.