French Engie set to pick new CEO at Friday board meeting

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PARIS, October 2 (Reuters) – French energy group Engie said on Friday it would appoint a new chief executive at a board meeting later on Friday, confirming media reports.

The board meeting will take place on Friday afternoon, a spokesperson for the group said, without providing further details.

Energy specialist Catherine MacGregor who currently heads Technip Energies after spending 23 years at Schlumberger is considered one of the favorites for the post.

Other candidates range from Gwenaëlle Avice-Huet, CEO of Engie for North America, Deputy CEO of Saint-Gobain Laurent Guillot, former Deputy CEO of Suez Marie-Ange Debon to Catherine Guillouard, CEO of RATP .

Engie has been looking for a new CEO since its board of directors decided in February not to renew the mandate of Isabelle Kocher, at the time the only female boss of a first-rate company in France, and to set up an interim management team after months. internal fights in the conference room.

Engie originally intended to pick a new CEO in September, but the selection process was delayed when water and waste management company Veolia launched an unsolicited bid on August 30 for the bulk of the stake in the company. ‘Engie in Suez, a decision that Suez fiercely opposes.

Engie moved closer to selling its stake in Suez to Veolia on Wednesday by welcoming a softened offer of 3.4 billion euros ($ 4 billion) and securing additional time to close the deal.

Report by Gwenaelle Barzic, Dominique Vidalon; Montage by Kirsten Donovan

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