Engie Management

Management criteria checks 4/4

Engie's CEO is Catherine MacGregor, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is €4.08M, comprised of 24.5% salary and 75.5% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth €1.13M. The average tenure of the management team and the board of directors is 3.2 years and 5.9 years respectively.

Key information

Catherine MacGregor

Chief executive officer

€4.1m

Total compensation

CEO salary percentage	24.5%
CEO tenure	3.3yrs
CEO ownership	0.003%
Management average tenure	3.2yrs
Board average tenure	5.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Catherine MacGregor's remuneration changed compared to Engie's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€4m	€1m	€2b
Sep 30 2023	n/a	n/a	-€3b
Jun 30 2023	n/a	n/a	-€8b
Mar 31 2023	n/a	n/a	-€5b
Dec 31 2022	€4m	€1m	-€2b
Sep 30 2022	n/a	n/a	€2b
Jun 30 2022	n/a	n/a	€6b
Mar 31 2022	n/a	n/a	€5b
Dec 31 2021	€4m	€1m	€3b

Compensation vs Market: Catherine's total compensation ($USD4.36M) is about average for companies of similar size in the German market ($USD5.58M).

Compensation vs Earnings: Catherine's compensation has been consistent with company performance over the past year.

CEO

Catherine MacGregor (51 yo)

3.3yrs

Tenure

€4,076,642

Compensation

Ms. Catherine MacGregor is Vice President and Chief Legal Officer of Charles Schwab Investment Management, Inc. She is Chief Executive Officer & Director of Engie SA from May 20, 2021. Ms. MacGregor joined...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Catherine MacGregor	CEO & Director	3.3yrs	€4.08m	0.0029% € 1.1m
Pierre-Francois Riolacci	Executive Vice President of Finance	2.3yrs	no data	no data
Delphine Deshayes	Group Director of Investor Relations	no data	no data	no data
Claire Waysand	Executive Vice President of Corporate Secretariat	3.2yrs	€1.27m	no data
Jean-Sebastien Blanc	Executive Vice President of Human Resources & Corporate	3.2yrs	no data	no data
Edouard Sauvage	Executive Vice President & Special Advisor to the CEO	1.2yrs	no data	no data
Martin de Lestang	Managing Director of the Gas Chain Metier	no data	no data	no data
Maxime de Châtelet	Head of Corporate Funding	10.4yrs	no data	no data
Paulo Jorge Almirante	Senior Executive Vice President of Renewable & Energy Management Activities	3.2yrs	no data	no data
Sébastien Arbola	Executive Vice President of Flexible Generation & Retail activities	3.2yrs	no data	no data
Yoven Moorooven	Chief Executive Officer of African Business Unit	6yrs	no data	no data
Daniel Develay	MD of the Integration Office	5.9yrs	no data	no data

3.2yrs

Average Tenure

57yo

Average Age

Experienced Management: GZF's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Catherine MacGregor	CEO & Director	2.9yrs	€4.08m	0.0029% € 1.1m
Gerard Mestrallet	Honorary Chairman	5.9yrs	€1.00m	no data
Jean-Pierre Clamadieu	Independent Chairman of the Board	5.9yrs	€451.83k	0.0021% € 803.1k
Patrice Durand	Non-Independent Director	7.3yrs	€85.55k	0.00010% € 39.0k
Marie-José Nadeau	Independent Director	9yrs	€205.22k	0.00023% € 89.7k
Fabrice Bregier	Independent Director	7.9yrs	€98.38k	0.00010% € 39.0k
Marie-Claire Daveu	Independent Director	2yrs	€106.43k	0.000020% € 7.8k
Peter Ricketts	Independent Director	7.7yrs	€111.63k	0.000030% € 11.7k
Lucie Muniesa	Director	less than a year	€47.45k	no data
Claire Charmette	Advisory Board Member	no data	no data	no data
Hilaire de Crem	Advisory Board Member	no data	no data	no data
Benoît de Meeus	Advisory Board Member	no data	no data	no data

5.9yrs

Average Tenure

65yo

Average Age

Experienced Board: GZF's board of directors are considered experienced (5.9 years average tenure).

Engie Management

Management criteria checks 4/4

Key information

Recent management updates

Engie SA, Annual General Meeting, Apr 30, 2024

ENGIE SA, Annual General Meeting, Apr 21, 2022

ENGIE SA, Annual General Meeting, May 20, 2021

ENGIE SA Appoints Gillian-Alexandre Huart as CEO of Engie Energy Access

Recent updates

Upcoming dividend of €1.43 per share

Engie, Iberdrola and Funds Reportedly Eye Bids for Electricity North West

Dividend of €1.43 announced

New minor risk - Financial position

Full year 2023 earnings released: EPS: €0.88 (vs €0.84 loss in FY 2022)

Engie SA to Report First Half, 2024 Results on Aug 02, 2024

Now 20% undervalued after recent price drop

Now 20% undervalued

Engie SA acquired Ixora Energy Limited for £64.8 million.

Engie SA (ENXTPA:ENGI) signed a binding agreement to acquire Broad Reach Power LLC from EnCap Energy Transition Fund I LP, managed by EnCap Investments L.P., Apollo Global Management, Inc. (NYSE:APO) and others.

First half 2023 earnings released: €0.37 loss per share (vs €1.98 profit in 1H 2022)

Engie SA, Annual General Meeting, Apr 30, 2024

Engie SA (ENXTPA:ENGI) and Meridiam Infrastructure Finance S.a.r.l. signed a sales and purchase agreement to acquire BTE Renewables (Pty) Ltd. from Actis LLP.

Upcoming dividend of €1.40 per share at 9.0% yield

Full year 2022 earnings released: €0.84 loss per share (vs €1.43 profit in FY 2021)

Engie SA (ENXTPA:ENGI) acquired 50-MW battery energy storage project from Intelligent Land Investments Limited Group, Abbey Group and Yoo Energy Limited.

Engie SA (ENXTPA:ENGI) acquired 50-MW battery energy storage project from Intelligent Land Investments Limited Group, Abbey Group and Yoo Energy Limited.

Morgan Stanley Reportedly Plans Preliminary Talks for Stake Sale in PNE

Tohoku Electric Power Company, Incorporated (TSE:9506) acquired additional 10% minority stake in Pt Supreme Energy Rantau Dedap from ENGIE SA (ENXTPA:ENGI).

Bouygues Energies & Services SA completed the acquisition of EQUANS SAS from ENGIE SA (ENXTPA:ENGI) for €6.1 billion.

Chow Tai Fook Reportedly May Be Still Searching for an Investor for Its Alinta Energy

ENGIE SA to Report Q3, 2022 Results on Nov 10, 2022

ENGIE SA to Report Q1, 2022 Results on May 17, 2022

ENGIE SA, Annual General Meeting, Apr 21, 2022

Upcoming dividend of €0.85 per share

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Altrad in Exclusive Negotiations with Engie for Acquisition of Endel

Bouygues to Bid for Engie Services Arm Equans in North America Push

Telstra Reportedly Eyes Meridian Deal

Tecpetrol Sociedad Anónima and Oaktree Capital Group, LLC agreed to acquire an unknown stake in Litoral Gas S.A. from ENGIE SA (ENXTPA:ENGI).

GEK TERNA Holdings, Real Estate, Construction S.A. (ATSE:GEKTERNA) agreed to acquire Heron S.A. from ENGIE SA (ENXTPA:ENGI) and Qatar Petroleum.

ENGIE Announces EQUANS Will Now Operate as an Autonomous Entity Within ENGIE

Full year 2020 earnings released: €0.71 loss per share (vs €0.34 profit in FY 2019)

Upcoming dividend of €0.53 per share

Full year 2020 earnings released: €0.71 loss per share (vs €0.34 profit in FY 2019)

New 90-day low: €12.08

Upstream Tech Announces a Partnership for Forecasting Technology with ENGIE in 2021

Singapore Power Limited entered into an agreement to acquire 40% stake in Sino-French Energy Services Co., Ltd. from ENGIE SA (ENXTPA:ENGI).

Total and Engie Partner to Develop France's Largest Site for the Production of Green Hydrogen from 100% Renewable Electricity

New 90-day high: €13.48

New 90-day high: €12.90

Swiss Life Asset Management AG acquired Engie Eco Campus in La Garenne-Colombes, France from Nexity SA (ENXTPA:NXI) and ENGIE SA (ENXTPA:ENGI).

ENGIE SA (ENXTPA:ENGI), Crédit Agricole Assurances S.A., and Mirova Société Anonyme completed the acquisition of Six Hydro Power Plants in Douro River Basin, Portugal from EDP - Energias de Portugal, S.A. (ENXTLS:EDP).

ENGIE SA, Annual General Meeting, May 20, 2021

Scania Partners with ENGIE and EVBox for Charging Solutions

New 90-day high: €12.26

ENGIE SA to Report Q3, 2020 Results on Nov 13, 2020

ENGIE SA Appoints Gillian-Alexandre Huart as CEO of Engie Energy Access

New 90-day high: €12.16

Veolia Environnement S.A. (ENXTPA:VIE) completed the acquisition of 29.9% stake in Suez SA (ENXTPA:SEV) from ENGIE SA (ENXTPA:ENGI)

Ardian Seeks to Buy Engie's Stake in Suez

Google Belgium nv signed an agreement to acquire 9.2 MV Norther Offshore Wind Power ENGIE SA (ENXTPA:ENGI).

A consortium of equity investors including APG Groep N.V., Clal Insurance Company Limited, investors from within Munich Re Group, and other US institutional investors completed the acquisition of Astoria Project Partners LLC from Mitsui & Co., Ltd. (TSE:8031) and others.

New 90-day high - €12.16

Mirova Eurofideme 4, fund managed by Mirova Environment and Infrastructure acquired 50% stake in Dana Gaz from ENGIE SA (ENXTPA:ENGI).

Onyx Strategic Investment Management I BV completed the acquisition of various majority stakes in coal-fired power plants of Rotterdam in the Netherlands and Farg , Zolling and Wilhelmshaven in Germany from ENGIE SA (ENXTPA:ENGI).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age