HOUSTON, June 30, 2021 /PRNewswire/ — With four Global Business Units and newly created EQUANS, a leader in the provision of multi-technical services, ENGIE’s new organizational structure is now established. At May 18, 2021, Chief Executive Officer of ENGIE Catherine MacGregor unveiled the Group’s strategic roadmap, to reaffirm ENGIE as a leader in the energy transition.
In accordance with the planned schedule, the new organizational structure will be effective July 1, 2021, and will bring:
- Greater simplicity in the management of the Group,
- Better operational performance with increased focus on core businesses,
- More efficiency thanks to the pooling of support functions.
The new structure includes:
- 4 Global Business Units (GBU): Renewables, Energy Solutions, Networks, Thermal & Distribution. These four GBUs, which reflect the Group’s businesses, will be responsible for their respective financial performance.
- A geographical platform structured with regional hubs to pool support functions, coordinate entities at country level, which will be in charge of managing local Group players and leveraging synergies between activities.
EQUANS will now operate as an autonomous entity within ENGIE, led by its CEO Jérôme Stubler and his management team. With 74,000 employees in 17 countries and an annual turnover of more than 12 billion euros, EQUANS is a new world leader in multi-technical services, strongly positioned in growth markets.
To strengthen its presence in these markets, EQUANS has chosen a name and a brand identity that convey all of its values and ambition. His signature – “Empowering transitions” – testifies to the commitment of its employees to their customers, their ability to innovate and adapt to provide them with high added value services.
EQUANS’ ambition is to be the preferred partner of its customers to help them accelerate their energy, industrial and digital transitions.
EQUANS is structured around 6 areas of expertise: Electrical, HVAC, Cold, Mechanical, Digital & IT, Facility management.
EQUANS already occupies a leading position in the main European markets (France, Belgium and the UK in particular) and also ranks highly in the US and Latin America.
Now that EQUANS has been created, ENGIE is moving into the next phase where options for a new shareholding structure will be explored, with a focus on creating the best environment for EQUANS’ future growth.
Catherine MacGregor, ENGIE CEO, noted: “Today Brands significant progress in the implementation of our strategic roadmap. We are very proud to announce the creation of EQUANS, an autonomous entity within ENGIE, known in recent months under the name project name “Luminous“. We are on the right track deliver on our simplification plan by positioning EQUANS as a leader in multi-technical services and reaffirming ENGIE as a leader in the energy transition, refocused on its buoyant markets and with a Following industrial approach.”
Jérôme Stubler, CEO of EQUANS, added: “I want to acknowledge the incredible work that has been done over the last 6 months to create EQUANS. EQUANS is made up of cutting-edge expertise that fully meets the needs of our customers in achieving energy, industrial and digital transitions. This is a great moment for the 74,000 employees around the world. I am very honored and happy to lead this fantastic team.”
About ENGIE North America
ENGIE North America Inc. offers a range of capabilities in United States and Canada to help customers decarbonize, decentralize and digitize their operations. These include comprehensive services to help customers manage their facilities more efficiently and optimize the use and expenditure of energy and other resources; clean energy generation; Energy storage; and retail energy supply which includes renewable energy, demand response and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low-carbon or renewable. Overall, ENGIE SA is a world reference in low-carbon energies and services, which relies on its key businesses (gas, renewable energies, services) to offer competitive solutions to its customers. With 170,000 employees, customers, partners and stakeholders, the group is committed to accelerating the transition to a carbon-neutral world, thanks to reduced energy consumption and more environmentally friendly solutions.
ENGIE North America: Sandrine Deparis, [email protected], (202) 855 3705
SOURCE ENGIE North America