French giant Engie has concluded its search for the new chief executive officer, naming Catherine MacGregor to the position.
Her vision on ENGIE’s 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, the company’s statement reads.
To remind, the company said in July that it intends to implement a new capital allocation strategy, focusing on two growth areas servicing the energy transition.
Engie plans to accelerate its development in renewables, by increasing the target for renewables capacity commissioned from 3 GW p.a. currently to 4 GW p.a. on average over the medium-term, while increasing the number of renewables projects retained on its balance sheet.
Engie will also capture opportunities resulting from recovery plans announced in Europe, notably related to the development of green gases (biogas and hydrogen).
This decision to appoint Macgregor, effective as of January 1, 2021, is the result of a selection process started at the end of July.
In addition, her appointment as a board member of Engie will be proposed for approval during the General Shareholders’ Meeting in 2021.
MacGregor began her career at Schlumberger in 1995, where she spent 23 years in important positions on all continents.
Since 2007, she held multiple senior management including global positions as Group HR Director or head of strategic activities for the company. From 2013 to 2016, she also served as president Europe & Africa at Schlumberger, before being promoted in 2017 to president of the drilling business, while based in London.
In the summer of 2019, she chose to pursue her career in the energy industry by joining the executive committee of the TechnipFMC group to lead its onshore and offshore engineering and construction activities, Technip Energies.
Her main mission was to prepare for the spin-off and IPO of this entity, with energy transition at the heart of the strategy.