French Engie to appoint new CEO in September -newspaper

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PARIS, July 12 (Reuters) – Engie will appoint a new managing director in September as the former French gas monopoly moves forward with a transformation towards renewable energies and customer solutions, executives told Le Journal of Sunday.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 Edition by Paul Simao)

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