And so from a financial impact standpoint, unlikely to be a 2021 story. Weve seen peers in renewables showing a bit of a lack thereof of investment discipline, among other thing, the auction in UK offshore. 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. You can read more about how we handle your information in our privacy policy. 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. Pay my electricity bill of next year. Vocs conseguem nos apoiar? It will also require some infrastructure, maybe not with the same density at todays gas network. 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. Its, for sure, a large part of the investment case. And so were keeping 40%. Check if your We use [1] She started her career on stage in New York City, in theatres off and on Broadway, credited as Scottie MacGregor . Catherine, the floor is yours. A warm welcome as well to you, Catherine MacGregor. Theyre going into similar areas with Networks is an important aspect. Non Madame Offshore wind is typically much longer. You can see that on the recent months trading for renewable players. Jean-Pierre Clamadieu, Chairman of the Board of Directors, declared: On behalf of the Board and employees of the Group, I am pleased to welcome Catherine MacGregor and wish her full success in her missions. 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. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. And still on the asset rotation, this leaves you probably, I dont know, 12 billion of total proceeds, maybe overall when we put everything all together. 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. And Judith, you want to comment, please, on the impairment? We are focused on driving our ESG performance using a wide range of metrics, three of which I will discuss here. And first question is for Catherine MacGregor. Its not like a 2020 event. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. The biggest, of course, remains Renewables. And we will now take our next question from Vincent Ayral with JPMorgan. Catherine MacGregor est elle-mme mre de deux filles 2 . 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. However, we claim we have a valid solution to the above problem,, inviting large corporations like Engie and others reading this, to scrutinize our numbers and concept very carefully. 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. French Networks had limited COVID impact also mainly on distributed gas volumes. And hydrogen, massive tailwind for ENGIE, massive tailwind because of it goes hand in hand with renewables. All these strategic advances, which place our Group as a leader in the low-carbon transition, are the result of the exceptional commitment of all our teams! Catherine Macgregor, Engie SA: Profile and Biography Laut Konzernchefin Catherine MacGregor werde man im laufenden Geschftsjahr 2023 einen Gewinn zwischen 3,4 und 4 Mrd. 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. If so, do you have a view to what level? And then, of course, in terms of Thermal, we will be very opportunistic. 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. Its going to take us some time. This was linked to a recovery of past energy costs, following the agreement on renegotiation of hydrological risk, which was finalized at the end of 2020. Despite unfavorable temperature, our district heating and cooling and on-site generation activities were resilient. This was partially offset by capital gains, the main one being 1.7 billion due to the sale of the 29.9% shareholding in SUEZ. 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. #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. Pascal Frings., Assistente de Planejamento e Controle I | ENGIE Brasil | Gesto de Frotas | Logstica | Atendimento ao Cliente | Administrao Estcio, Bizarre, je suis un employ d'Engie et je n'ai pas reu , I am really very Happy after Hearing that Engie is going to make strong and strong renewable resources that makes to process competency of whole work which is going on this projects as i would proudly feel good i wish if you have any vacancy in the Engie organization i would definitely prefer to work this organisation as my last experience were quite satisfactory in Allied Maintenance Company Pvt Ltd at Tabuk Project in Saudi Arabia even i was working two years as store supervisor in Tabuk Projects i forwarded my resume to one of your recruiter for store supervisor as i have 12 years experience in the maintenance Departments like Civil, Plumbing, Mechanical,HVAC, Gardening, Cleaning and most importantly PGP Department. Thank you. Strong management actions allowed us to variablize and reduce total OpEx by approximately 300 million. Hopefully, thats an easy one, but would be very helpful. 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. 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! Stay informed and spot emerging risks and opportunities with independent global reporting, expert We remain focused on executing disposals at pace, continuing to simplify the group, creating value and reallocating capital towards growth. Yes. From 2019 to 2020, she was a member of TechnipFMC Executive Committee and the head of Technip Energies, hosting the engineering activities. We have 101 gigawatt of gross power generation capacity, of which around 30% from renewables. 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. And for the first time, to our Ocean Winds joint venture with EDPR, we commissioned both fixed and floating offshore wind. But we really want to focus on a return-based growth strategy. We will run processes. We completed the SUEZ transaction in October and launched further strategic reviews. janvier 2021 en qualit de Directrice Gnrale. Ill start just to say that, I mean, youve identified, yes, two important aspects of our simplification efforts. 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 seems to be the trend last few questions. We want to develop and further our differentiation. We also suffer from the same crisis and have also contributed to this, especially in the Corona years. 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. Keep abreast of significant corporate, financial and political developments around the world. Two questions from me. This included 1.7 gigawatt of hydro plants in Portugal, which benefit from long-term concession arrangements. This really has two reasons. We will now take our next question from Emmanuel Turpin with Societe Generale. Thank you #HariPrasad #PulakPrakash #PallavGogoi #AmitGhosh, Player Representation and Scouting for F&F Sports, Two Cows Explain Economics Better Than Any Class Thank you, Sam, for your welcome message and your welcome question. 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. PDF CATHERINE MACGREGOR Chief Executive Officer - Engie 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 I just wanted maybe to clarify that the government has not explicitly made the decision. Simply log into Settings & Account and select "Cancel" on the right-hand side. It is a great source, among others, of motivation and satisfaction to continue the (so essential) low-caborn transition in an extremely challenging environment , | Financial Reporting |Taxation| Month, Year-end Closings |Corporate Accounting| Financial Statement Analysis| SAP Hana FICO |IFRS. And so every year, we will allocate capital to that, and thats 1.3 billion a year. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen). Its a geography refocus. Ocean Winds to rival Orsted as Engie and EDPR unveil new offshore giant, Only female CEO of a major European utility sacked by board. 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. 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. I'm looking forward to continuing to make a difference together. cookies I would say that some of the things that were decided last year with these strategic orientations, I am very, very convinced that well address some of the shortfalls that can explain some of the ENGIEs underperformance in the past few years. Catherine MacGregor chez Engie, Christel Heydemann, chez Orange, et Estelle Brachlianoff, chez Veolia, sortent du lot. 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. 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. 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. 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. This is what I am committed to. So for my question, the first is on the asset rotation. From November 1st DN Media Group is responsible for controlling your data on Recharge. Even if you ten-double the installations of these sources, the 40% remains. And so our thermal fleet has a very, very important role to play there. I think the team has done, so far, a really nice job. Biography of Catherine MacGregor - The Official Board And so we are working really hard on these networks to find alternatives to use preferably renewables, things like biomass for example.
