ENGIE (EPA:ENGI) - End of Isabelle Kocher’s mandate Appointment of a transition management team

Transparency directive : regulatory news

24/02/2020 15:29

Press release
24 February 2020

End of Isabelle Kocher's mandate
Appointment of a transition management team

ENGIE's Board of Directors met on February 24, 2020. It validated the approval
by Isabelle Kocher of the proposal that was made to her to terminate her Chief
Executive Officer mandate before the end of her tenure scheduled in May 2020.
For the sake of consistency, Isabelle Kocher also resigned today from her
Director's mandate with in ENGIE's Board.

Information relating to the financial conditions of the termination of
Isabelle's Kocher functions will be made public according to the applicable
regulation and to the recommendations of the corporate governance code
AFEP-MEDEF to which ENGIE is referring. Notably, it will be a related-party
agreement which will be submitted for approval during the next ENGIE General
Meeting.

Isabelle Kocher stated: "I highlight the commitment and the courage of the
170.000 employees of the Group. I want to thank them personally for each and
every moment I spent with them, especially those shared during these last four
years. Thanks to them, ENGIE is a recognized global player in the zero-carbon
transition. By going back to sustainable growth, ENGIE is not only healthy from
an economic point of view, but ENGIE is also a landmark for a more modern, a
more committed corporate model. I am deeply convinced that only a strong action
to fight global warming and more generally to combat a model that massively
overconsumes natural resources and lets inequalities develop, can respond to
the concerns of future generations, who are calling for change. I thank the
Board of Directors for its support. I wish good luck to the new management team
who will be taking over and I ask all ENGIE's employees to remain fully
mobilized with the same level of energy and commitment. I have always
considered myself to be one of the links of a long chain during the eighteen
years I spent within the Group, and I know its future is bright, without a
doubt. I therefore leave ENGIE absolutely serene, and with an immense emotion."

Jean-Pierre Clamadieu stated: "On behalf of the Board of Directors and Group
employees, I would like to highlight the work performed by Isabelle Kocher as
Chief Executive Officer of ENGIE. Since 2016, Isabelle has led the Group on a
path of far-reaching transformation on which she embarked our teams and our
stakeholders. Beyond the exit from coal-fired generation and exploration and
production activities, she managed to position the Group on a sustainable
growth trajectory based on energy transition, initiating a rapid development in
renewable energies and the structuring of our services activities to make it
one of the Group's growth drivers."

In order to ensure this transition, the Board also decided to appoint with
immediate effect Claire Waysand, General Secretary, as Chief Executive Officer,
as part of a collective management team together with Paulo Almirante, EVP and
Chief Operating Officer and Judith Hartmann, EVP and Chief Financial Officer.
The Board has asked Jean-Pierre Clamadieu to support the transition management
team in order to ensure the success of this period.

The Group will release, as planned, its full-year results on February 27, 2020.

About ENGIE

Our group is a global reference in low-carbon energy and services. In response
to the urgency of climate change, our ambition is to become the world leader in
the zero carbon transition "as a service" for our customers, in particular
global companies and local authorities. We rely on our key activities
(renewable energy, gas, services) to offer competitive turnkey solutions.

With our 170,000 employees, our customers, partners and stakeholders, we are a
community of Imaginative Builders, committed every day to more harmonious
progress.

Turnover in 2018: 60.6 billion Euros. The Group is listed on the Paris and
Brussels stock exchanges (ENGI) and is represented in the main financial
indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe)
and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris -
World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

ENGIE HQ Press contact:
Tel. France: +33 (0)1 44 22 24 35
Email: engiepress@engie.com
Twitter ENGIEpress

Investors relations contact:
Tel.: +33 (0)1 44 22 66 29
Email: ir@engie.com

ENGIE Headquarters
Tower T1 - 1 place Samuel de Champlain - Faubourg de l'Arche -
92930 Paris La Défense cedex - France
ENGIE - A PLC WITH CAPITAL OF 2 435 285 011 EUROS -
RCS NANTERRE 542 107 651 - Tel. +33 (0)1 44 22 00 00

engie.com

ENGIE's latest news

02/05/2024 08:02

ENGIE (EPA:ENGI) - End of Isabelle Kocher’s mandate Appointment of a transition management team

Transparency directive : regulatory news

ENGIE's latest news

Other stories