catherine macgregor engie bio

Catherine Macgregor, Engie SA: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Markets European Close Bloomberg Markets European Close. Before I say more on this, let me review the groups overall 2020 performance. We have strict criteria, and we will stick to them. According to the IEAs latest sustainable development scenario, in Europe alone, energy from biomethane and hydrogen could potentially grow three times from 2019 levels to over 300 terawatt hours in 2030. Onshore wind can be 1.5 years. I will now hand you back to Catherine for our 2021 priorities. Thats really clear. We intend to retain a higher ownership of our renewables project where it is strategically and economically rational as we indicated in our strategic orientation. And so obviously, a decision that we communicated today is based on a scenario where it is unlikely that the lifetime extension happens. Her appointment as a member of the Group's Board of Directors will be proposed for approval at the General Shareholders' Meeting in 2021. We are investing significantly in these activities to ensure safety and reliability as well as improving energy efficiency. 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. Catherine MacGregor will join Engie as CEO. No, thank you. Catherine will then come back and share our priorities. If so, do you have a view to what level? It seems to be the trend last few questions. Catherine MacGregor is an engineer and graduate of cole Centrale de Paris (CentraleSuplec). So I think this is a key point Id be interested in. Simply log into Settings & Account and select "Cancel" on the right-hand side. No, absolutely. We do think that we have quite a specific signature within ENGIE, and we do like our gas assets. This is what I am committed to. Welcome again to Catherine. #mixedfeeling :D 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. I have two questions, and I continue with the trend, 1 for Catherine and 1 on the details for Judith, please. MacGregor is poised to become the only woman leading a company in the CAC 40France's benchmark stock indexwhen she takes the reins at the utility Engie on Jan. 1. On the other hand, we, obviously, want stability in a power system. Catherine MacGregor joined the ENGIE group on January 1, 2021 as Chief Executive Officer. Long-time Schlumberger executive to join next year as French utility giant gears up in renewables. Catherine MacGregor joined the ENGIE group on 1 January 2021 as Chief Executive Officer. Catherine MacGregor Wikipdia Catherine Macgregor (Courtesy of Engie) MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents. La dernire modification de cette page a t faite le 22 fvrier 2023 19:40. This is particularly noteworthy in the context of the unprecedented pandemic. Lets now look at the outlook for 2021 starting with our capital reallocation to fund growth. Name: Katherine MacGregor Birth Year: 1925 Birth date: January 12, 1925 Birth State: California Birth City: Glendale Birth Country: United States Gender: Female Best Known For: Katherine. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. 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. 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]. 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. In other words, direct stable energy is needed these hours. 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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. Her main mission was to prepare for the spin-off and IPO of Technip Energies, for which she put the energy transition at the heart of the strategy. Congratulations to all of our employees on the well-deserved bonus. And youre right to point out that some of our DHC networks rely on a mix of entrance of feedstock. Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy. Whilst the overarching priorities are clear, we now need to translate them into an action plan for consistent delivery. And I look forward to leveraging their strengths to deliver on a full agenda in such critical times for the energy industry and for ENGIE. Currently under construction is the 1,000-kilometer Gralha Azul project and the 1,800 kilometers Novo Estado project. Holidays ? Premium access for businesses and educational institutions. Now the markets are looking at the remaining energy services. Overall, these positive factors are expected to more than offset year-on-year negative evolutions. or And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. Were very pleased. So we really have some really nice differentiation that we want to use in order, for sure, to be competitive but without sacrificing the return. 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. And I think, namely complexity is one thing. And that will be something that we will be describing a bit more in details in May. And obviously, it mitigates the intermittency, which is still quite an issue with renewables, as we know. Its were rounding numbers here, as you can see, because like I said, this is our target. Elle travaille pendant 23 ans chez Schlumberger. 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. In addition, we had higher contributions from power transmission lines in Brazil as their construction is progressing well. Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example. And then, of course, right after that, you have hydrogen. This year is marked by the unprecedented energy crisis in Europe as a result of the tragic war in Ukraine. And so were keeping 40%. Our group remains committed to Belgium and to contributing to the countrys security of supply. We support credit card, debit card and PayPal payments. 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. Our regulated networks offer stability and visibility of earnings to the group with regulatory remuneration arrangements in place through to 2024. Catherine MacGregor a rejoint le groupe ENGIE le 1. er. But is it bad? And I think the way I want to say this is I think we know the broad plan now for the business, but I think its also important to look back at the last 5 years and understand why essentially the investment thesis has not delivered so far for shareholders. She occupied a number of roles within [] And then just another one on guidance. So no specific things to be taken into account. https://waves-energy.co/maps/. 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. So maybe I will start with your last question, which is around the decision on nuclear. Im just wondering, youve identified sort of the identity of Renewables, Networks and across Client Solutions. Biography. 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. And so these are some of the things that complexity and ability to manage activities that are very, very different from each other, I think really get in the way of performance. 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. It is important to say that our renewables growth ambition is not about entering a gigawatt race. Price is going up. 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. And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. 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. And we will now take our next question from Vincent Ayral with JPMorgan. 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. 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. We have progressed on simplifying the group. And I was very pleased to hear that you put simplification at the center of your new vision for the group. And then the second question is more for Judith. On your two questions, 1 was on the tax rate. First, you will hear from our new CEO, Catherine MacGregor, on the highlights of 2020, followed by our CFO, Judith Hartmann, on our financial performance. In Supply, the outlook is improving, as these activities should strongly recover from COVID and on the assumption of temperature normalization. Net recurring income group share amounted to 1.7 billion, down 37% year-on-year. #economics #business #culture, Chief Executive Officer at Masdar (Abu Dhabi Future Energy Company). We reshaped the portfolio by investing 7.7 billion CapEx and by disposing of 4.2 billion of assets. For the first part of the transactions, you mentioned the first buyout of or rather the buyout of a part of your minorities in Latin America. - Contribute to measures to support purchasing power Thats one thing. Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. And so the amount will be much lower than what you have seen in 2020. and other data for a number of reasons, such as keeping FT Sites reliable and secure, During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Now of course, its going to depend on when its closing, at what price, but it will be a few hundred million. And so we have assumed a very strong recovery like we have seen it in the second half. 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. 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. Regarding the organizational simplification, you mentioned complexity of the group. But we really want to focus on a return-based growth strategy. This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. It honours and commits me. Overall, the average cost of gross debt was 2.38%, down 32 basis points compared with December 2019. How old is Ms MacGregor? We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. The ability to manage risk, we see mature risk increasing in the renewable arena, and we are really good at that. We remain committed to a strong investment-grade credit rating and continue to target a ratio of below or equal to four times economic net debt to EBITDA over the long term. 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. New organizational structure for a simpler ENGIE to go live on July 1 Together, let's continue to make a difference! #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. Its going to take us some time. Significant growth is also expected in the use of renewable gases to accelerate the energy transition. 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. De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. Engie's new CEO sets out with the goal of simplifying the energy group And how quickly do you think it can actually contribute to your earnings, please? 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. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. Many thoughtful leaders throw up their arms when it comes to taking action on climate change, thinking, understandably, that their company is just a drop in the bucket. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. (Tech. 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. PDF CATHERINE MACGREGOR Directrice Gnrale - Engie is its Ocean Winds joint venture with EDPR. 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. Revenue declined on a gross basis by approximately 900 million for the full year. You have to keep in mind, about 200 million of that were related to SUEZ, which is now gone, of course. Engie which is 24%-owned by the French government was formerly the gas monopoly operator known as GDF. This very unusual year translated into a mixed set of numbers. We continued to put in place dedicated action plans, including OpEx reductions and G&A resizing. Theyre going into similar areas with Networks is an important aspect. My first reaction with the bonus: Wow great ! In addition, ENGIE also progressed geographic rationalization and strengthened its position in key regions. To remind, the company said in July that it intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition. We expect to invest between 5.5 billion and 6 billion in growth CapEx with over 90% allocated to our strategic priorities. Starting with our biggest contributor, Latin America, we had 195 million headwind from FX and an unfavorable energy allocation for hydro in Brazil. And then, of course, now this partial sell down that were planning into a SPAC transaction. By 2050, over $15 trillion are expected to be invested in power generation globally with over 70% in renewables. Compared to 2020 guidance, Im pleased that both EBITDA and COI stood above the ranges we indicated last summer. Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. 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. 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. And then, of course, in terms of Thermal, we will be very opportunistic. Lets now move to our Supply, Nuclear and Other activities. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. Please go ahead. Notre lectricit est dj propre You may now disconnect. We also continued our relentless pursuit of simplifying the group. ENGIE announces that Catherine MacGregor took up her post as Chief Executive Officer of the Group on 1 January 2021. Siga o link abaixo e deixe seu apoio a esta poltica de incluso necessria ao nosso pas. Soliane Varlet, gestionnaire de portefeuille de notre stratgie actions Women Leaders, s'entretient avec Catherine MacGregor, Directrice gnrale d'Engie, l'. Following which, as usual, well open the lines for Q&A. Ladies and gentlemen, this concludes this conference call. And thats really the key part of what we do. This has been a concern for the market. And the answer is yes. It honors and commits me. 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.. All information you need to have a pleasant time during the event. Is it something that could be you realize value of and take advantage of low rates? If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. On the next slide, you can see Client Solutions, which faced unprecedented headwinds in 2020. I think there was another question, which was related to the calendar. We see a huge potential for hydrogen, and we are already making significant progress in biomethane. Yes, Judith, just to follow up on the Nuclear, can I just ask setting aside the provisions and the cash payments against those which we know about, can I just ask, do you anticipate any positive free cash flow from the nuclear fleet now in the rest of its life, I mean, if you just look at operating cash flow and essentially operating CapEx that youve got to put in? So thats one aspect of it. We strengthened our leadership in green bonds having issued 2.4 billion green bonds in 2020 for a total of 12 billion since 2014. Or is it your budget of the COI for these businesses in 2021? Thank you for giving us our voices back with the amazing Diversity, Equity and Inclusion policies at ENGIE . For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. 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. Net income group share stood at negative 1.5 billion. Yes, two topics that you were talking about, Peter. So in terms of creating an entity as part of our strategic review of Client Solutions, one of the things that is important to understand about this business is that it has grown within ENGIE as a series of acquisition and local development and so today, dont quite belong into a coherent entity and is not led as an independent or well-defined part of ENGIE. This button displays the currently selected search type. Elle est ingnieur, diplme de l' cole centrale Paris, dont elle sort en 1995. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. One was the CapEx. Catherine was President of Technip Energies at TechnipFMC, and President of Drilling at Schlumberger. We also benefited from higher contributions of GTT thanks to a strong past order intake. 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. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. 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? These headwinds were partially offset by various one-offs, including an internal negative 2019 one-off mirrored in Networks. 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.