Engie Says Board Won't Reappoint Isabelle Kocher as CEO
06 Febrero 2020 - 01:32PM
Noticias Dow Jones
By Stephen Nakrosis
The board of Engie SA (ENGIE.FR) on Wednesday said it wouldn't
reappoint Chief Executive Isabelle Kocher at its next shareholder
meeting, bringing an "end of her chief executive officer
position."
Ms. Kocher had served as CEO since 2016, the company said,
adding her mandate as CEO is due to expire in May.
The company said Chairman Jean-Pierre Clamadieu will work with
the board's Appointments, Compensation and Governance Committee to
find a successor to Ms. Kocher.
During the transition, Engie said, operational management of the
group should be taken forward collectively by Paulo Almirante,
chief operating officer, Judith Hartmann, chief financial officer,
and Claire Waysand, general secretary and who will be appointed
interim CEO.
"The board decided that the group needs to take another step
forward in its transformation and to deepen the strategy launched
to make Engie a leader in the energy and climate transition," Engie
said.
The company also said it "must also address two critical
challenges in Belgium and France, namely how nuclear energy fits
into the Belgian energy mix and natural gas in the French one."
Engie SA is a French energy company.
Attempts to contact Ms. Kocher weren't immediately
successful.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 06, 2020 14:17 ET (19:17 GMT)
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