Company News

France's Engie set to pick new CEO at Friday board meeting

PARIS, Oct 2 (Reuters) - French energy group Engie said on Friday it will designate a new chief executive officer at a board meeting later on Friday, confirming media reports.

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

Energy sector specialist Catherine MacGregor, who currently heads Technip Energies, having spent 23 years at Schlumberger, is seen as a favourite for the job.

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

Engie has been hunting for a new CEO since its board decided in February not to renew the mandate of Isabelle Kocher, at the time the only female boss of a blue-chip company in France, and to put in place an interim management team after months of boardroom infighting.

Engie initially aimed to pick a new CEO in September but the selection process was delayed when water and waste management firm Veolia launched an unsolicited bid on Aug. 30 for the bulk of Engie’s stake in Suez, a move Suez fiercely opposes.

Engie on Wednesday moved closer to selling its stake in Suez to Veolia as it welcomed a sweetened 3.4 billion euro offer ($4 billion) and obtained extra time to seal the deal.

Reporting by Gwenaelle Barzic, Dominique Vidalon; Editing by Kirsten Donovan