NEXT - Engie: New CEO To Continue Switch To Renewables
- Engie appoints Catherine MacGregor, another powerful female CEO, after controversial termination of previous CEO Isabelle Kocher.
- Engie's views on natural gas are complex; it is still backing Russian Nord Stream 2 gas pipeline to Germany, while not proceeding with a US natural gas deal.
- New Engie CEO Catherine MacGregor is looking to make the company more understandable to investors; she inherits a simplified structure through Engie stake in Suez sold off.
- Engie is an important European energy utility, but investors might wait to see impact of new CEO before considering investment.
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Engie: New CEO To Continue Switch To Renewables