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Engie is preparing a vast disposal plan

2020-07-31T15:28:39.990Z


The group plans to withdraw from two-thirds of its service businesses and exit Suez.Six months after pushing Isabelle Kocher, CEO since 2016, towards the exit, the board of directors of Engie announced on Friday new strategic directions which should, once again, fundamentally change the profile of the group. "We are providing answers to questions that many have been asking themselves for a long time," Jean-Pierre Clamadieu, Engie's president since 2018, explains to Le Figaro . T...


Six months after pushing Isabelle Kocher, CEO since 2016, towards the exit, the board of directors of Engie announced on Friday new strategic directions which should, once again, fundamentally change the profile of the group.

"We are providing answers to questions that many have been asking themselves for a long time," Jean-Pierre Clamadieu, Engie's president since 2018, explains to Le Figaro . The group's model has been an inexhaustible source of questions since its creation by the merger, twelve years ago, of a Suez, itself heterogeneous with Gaz de France. Is Engie an industrial or a service group? An integrated energy company or a holding company? A gas giant or a decarbonisation ace?

To read also: Jean-Pierre Clamadieu: "Engie must simplify its model"

The options adopted by the board on Thursday represent a shift from the era Isabelle Kocher, who has long defended the complementarity of service activities with the rest of the group's businesses. Of the 110,000 employees (out of a total of 160,000 for

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Source: lefigaro

All business articles on 2020-07-31

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