Engie’s Board of Directors is set to seek a new Chief Executive Officer (CEO) after it had decided not to propose the reappointment of Isabelle Kocher at the position.
The Board of Directors met last week to discuss the issue of extending Kocher’s Board mandate, due to expire in May, and concluded that the further development of the group’s strategy required a new leadership.
The operational management will now be taken forward collectively by Paulo Almirante, EVP and Chief Operating Officer, Judith Hartmann, EVP and Chief Financial Officer, and Claire Waysand, EVP and General Secretary who will be appointed interim CEO.
“On behalf of the Board of Directors and Group employees, I wish to express my deepest gratitude to Isabelle Kocher for her contribution to ENGIE over the last twenty years,” said Chairman Jean-Pierre Clamadieu.
“As Chief Executive Officer since 2016, she led the Group on a path of far-reaching transformation, and in particular through the withdrawal from hydrocarbon exploration and production activities and coal-fired electricity production.”
Engie stated that in order to enhance the profile and maximize the growth potential of each of its activities, the group must continue to simplify its organization, clarify the strategic options, and boost its business model in renewable energies and client solutions.
According to the company, the committee will immediately launch a wide-ranging search following for a new CEO.