French Engie to appoint new CEO in September – Journal

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FILE PHOTO: A logo of the French energy company Engie is visible in an office building in the La Défense business district in Courbevoie near Paris, October 12, 2019. REUTERS / Regis Duvignau

PARIS (Reuters) – Engie (ENGIE.PA) will appoint a new CEO in September as the former French gas monopoly moves forward with a transformation towards renewable energy and customer solutions, executives told Le Journal du Dimanche.

Earlier this year, the board of directors of Engie decided not to renew the mandate of CEO Isabelle Kocher, at the time the only woman boss of a first-rate company in France, and to set up an interim management team after months of internal struggles.

“We want the CEO position to be filled by the end of the year, which means choosing the right candidate in September,” said Engie president Jean-Pierre Clamadieu in the Journal du Dimanche.

The French State holds 24% of the capital of Engie, formerly GDF Suez.

Engie brings together a hotchpotch of companies with little synergies between them, from a labor-intensive energy services branch to a capital-intensive gas infrastructure unit, and a renewable energy division fast growing.

Report by Matthias Blamont; Editing by Paul Simao

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