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In her efforts to "simplify" Engie, MacGregor is moving from 25 business units to 4 globally, and . January 7, 2021. 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. 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. 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. 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. 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.. Theyre going into similar areas with Networks is an important aspect. 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 . For this, I would like to say a big thank you to Judith, Paulo and Claire for their strong leadership in 2020, as they had the dual challenge of advancing the group simplification agenda whilst, at the same time, ensuring we continue to deliver essential services to our customers. Now the markets are looking at the remaining energy services. And then, of course, right after that, you have hydrogen. So yes. So thats one aspect of it. And lets now, indeed, look at our priorities for sustainable long-term value creation. We have in the U.S. the largest development pipeline. 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. Now Ill comment on the bridge from net recurring income group share to net income group share, which was negative 1.5 billion in 2020. I would like to take this opportunity to thank all ENGIE employees who have worked so hard to deliver critical services for our customers in unprecedented conditions. French utility's new chief Catherine MacGregor to increase investment in renewables. In addition to EVBox, we expect to execute disposals of around 2 billion, aligned with the group simplification. 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. 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. So can you be a little bit more specific about where the extra CapEx is being spent this year and how youve been able to ramp it up so quickly? And side comment also on this is that our employees are obviously very excited about renewable as being a growth center of a growth engine for us in ENGIE, so as well as obviously being a key goal of our ESG road map. And on the availability, given that last year was the last LTO maintenance, we are confident on good availability for the years to come. You may change or cancel your subscription or trial at any time online. And while were not going to grow it at the same rate as Renewables and Networks, we will be opportunistic in managing this fleet. We think its important to have a system play on renewables. Okay. This is what I am committed to. 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. It mainly affects our renewables and supply activities. This included 4 billion of growth CapEx, almost exclusively in our areas of strategic growth with approximately 40% in renewables, 40% in networks, and 15% in asset-based Client Solutions. We continue to develop these activities, including through an acquisition of the worlds largest district cooling scheme in Dubai, allowing us to increase our DHC net installed capacity by 9%. This very unusual year translated into a mixed set of numbers. Remember that for regulated activities, volume effects are recoverable in the short to medium term through the clawback mechanism and are, therefore, value neutral. Included within this guidance is an estimated impact that follows the extreme cold weather in Texas earlier this month. Also adding to national energy insecurity and dependence on fossil producing countries at colossal scale. COVID had little impact on Nuclear, and its contribution improved by 203 million, mainly reflecting higher achieved prices and lower OpEx. Find here the list of all the sessions presented by this speaker in order not to miss any of it. Please disable your ad-blocker and refresh. modifier - modifier le code - modifier Wikidata. These negative figures were partly offset by capital gains mainly coming from the SUEZ transaction. personalising content and ads, providing social media features and to 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. From November 1st DN Media Group is responsible for controlling your data on Recharge. Okay. Two questions from me. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. "Until regulations happen," they muse, "there's really nothing I, or my company, can do to make a difference." 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. That's where the "trim tab" comes in. So two questions, please. is its Ocean Winds joint venture with EDPR. Elle travaille pendant 23 ans chez Schlumberger. [Operator Instructions] We will take our first question from James Brand with Deutsche Bank. We have ambitious goals to continue to simplify ENGIE at pace to play a key role in accelerating the energy transition and to focus on the long-term profitable growth of the group. So no impact there, of course, on G&A reduction and about 800 million of assets. Published on 2 October 2020 at 12:48pm EST on Uk.Reuters. Recharge is part of DN Media Group AS. Read more about DN Media Group here. Yes. Now that doesnt mean that we should not have discipline. Dans intrt de la France, 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. Depending on opportunities, it could be this asset or another one. 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. But we really want to focus on a return-based growth strategy. This growth will be partly offset by a lower benefit from the GFOM ruling in Brazil and by the assumed FX deterioration. I mentioned earlier two things actually. Here's a bit more, on climate change and from a few years ago, but still relevant. Pour viter se gchis financier avec l'argent des franais 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. So thats a positive. The negative temperature effect was roughly 100 million in France with lower gas volumes distributed in by GRDF. Compare Standard and Premium Digital here. Maybe some thoughts. We had very good results from our Italian assets due to higher level of ancillaries as well as to higher spreads captured throughout Europe. Indeed, you can expect positive cash flow operation from our nuclear activities. It's inspiring to see how ENGIE's strategy for a balanced, affordable, and resilient energy mix has proven its relevance in these uncertain times. The 3 gigawatt that we commissioned last year is in our key growth market for renewables, namely the U.S., Europe and Latin America. Before I share my view on 2021, here are our 2020 financial highlights. In November, we discussed the creation of a new leader in multi-technical services, which would benefit from scale and strong growth prospects. We invested 1.5 billion of growth CapEx in 2020 mainly for the acquisition of 1.7 gigawatt of hydro assets in Portugal. cookies In the past Ms. MacGregor held the position of President-Drilling Group at Schlumberger NV and Personnel Director at Oilfield Services Co. Ltd. Ms. MacGregor received an undergraduate degree from cole Centrale Paris. Thanks, everyone, for your welcome message and very much look forward Judith and I very much look forward to meeting you, extending with you in the future and again, very, very excited about turning those tailwinds that ENGIE has had into reality. 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. Yes. 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 are a media company, specifically facilitating the maritime and offshore industry. This change led to an impairment, which Judith will cover shortly. 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. 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. 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. Revenue declined on a gross basis by approximately 900 million for the full year. A quick word on the agenda for this morning. On your two questions, 1 was on the tax rate. These projects could participate in the Belgium capacity remuneration market auctions in the second half of this year once approved by the European authorities. 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, Smart data to help spot risk and opportunity, Lex, our agenda-setting business commentary (Premium only), Due Diligence, an exclusive M&A newsletter (Premium only). 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. Okay. Thats what Id like to understand because we need to consider whats the dilution of as well the midterm period, not only 2021. Elle s'intresse notamment l'utilisation de la sismique 3D pour la rcupration assiste du ptrole[5]. https://lnkd.in/ea25krWt organisation In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders Meeting in 2021. But on defining the structure, does that mean we have a disposal in Q3, Q4? Regarding Client Solutions project backlog, we recorded a total increase of 5% since December 2019, representing approximately 13 months of activity. I was happy to see so many enjoying each others company. 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. 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. So quite frankly, it is a normal run rate of dilution of 100 million when you look at a 2 billion debt reduction. So these are some of the things that we are excited about when we think about our network assets, and we like it. It honors and commits me. Her professional and personal skills will be essential assets in accelerating ENGIEs transformation. I guess, whats the kind of your average period of sort of non-productive capital work in progress? De mme pour Angeles Garcia Poveda, prsidente du conseil d'administration de Legrand et Barbara Dalibard, prsidente du conseil de surveillance de Michelin. We have some core competencies. university This button displays the currently selected search type. And then, of course, now this partial sell down that were planning into a SPAC transaction. 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.

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