French water treatment & waste management company
Suez SA (formerly Suez Environnement) is a French-based utility company which operates largely in the water and waste management sectors. The company has its head office in La Défense, Paris.[1] In 2015, all the group's brands became SUEZ.[2]
History
Formerly an operating division of Suez, the company was spun out as a stand-alone entity as part of the merger to form GDF Suez (now Engie) on 22 July 2008.[3] Engie remained the largest shareholder of the company with a 35% stake.[3] On the stock market, Suez Environnement's share jumped 40% in value on its first day.[4]
In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros.[5] In July 2015, the group Suez Environnement simplified its name to become Suez, after the group GDF-Suez changed its name to Engie, leaving the name Suez available again.[6] In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia.[7]
On 1 October 2017 Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars [8] and formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the Euronext exchanges in Paris and Brussels.
On 14 May 2019 Bertrand Camus was appointed as chief executive officer of Suez.[9]
On 1 February 2022 SUEZ began a new chapter in its history with its acquisition by the Consortium of shareholders and the appointment of a new CEO, Sabrina Soussan.
As of 1 August Sabrina Soussan was appointed chairman and CEO of SUEZ.[10]
Financial results
Financial results in millions of euros:[11]
Main key figures
Key figures for the group in 2022:[12]
- revenue: €9 billion;
- 40,000 employees;
- 68 million people worldwide benefit from drinking water
- more than 37 million people worldwide benefit from sanitation
- 3.7 TWh of energy produced from waste and wastewater
- 4 million tons of CO2 avoided
- more than 150 researchers dedicated to R&D and innovation
- 9 technical and innovation centers and R&D centers in Europe and Asia
Company governance
As of 30 March 2023 the executive committee is made up of:[13]
- Sabrina Soussan, Chairman[10] and chief executive officer
- Pierre Pauliac, Chief Operating Officer Water, Executive Vice-President
- Yves Rannou, Chief Operating Officer Recycling & Recovery, Executive Vice-President (as of summer 2023)
- Jörg Linsenmaier, Executive Vice-President Engineering & Construction (as of 2 May 2023)
- n.n., Group Chief Financial Officer*, Executive Vice-President (* Florent Duval, Interim CFO)
- Laurent-Guillaume Guerra, Chief Human Resources Officer & Head of Health & Safety, Executive Vice-President
- Frederick Jeske-Schoenhoven, Chief Strategy & Sustainability Officer, Executive Vice-President
- Anne-Sophie Le Lay, Group General Counsel, Executive Vice-President
Shareholder structure
Breakdown of share capital as of 11 January 2023.
References
- ^ "Legal notice." Suez Environnement. Retrieved on 7 July 2010.
- ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2021-12-17.
- ^ a b Maitre, Marie (22 July 2008). "Suez Environnement gushes on Paris market debut". Reuters. Retrieved 2008-07-22.
- ^ "UPDATE 1-Suez Environnement gushes on Paris market debut". Reuters. 2008-07-22. Retrieved 2019-08-10.
- ^ Ghaswalla, Amrita Nair (8 April 2014). "Suez Environnement bags three water treatment projects worth ₹505 crore". @businessline. Retrieved 2019-08-10.
- ^ "SUEZ environnement becomes SUEZ". Resource Magazine. Retrieved 2019-08-10.
- ^ Binsted, Tim (2015-09-21). "France's Suez buys Sembcorp out of Australian waste joint venture for $485m". The Sydney Morning Herald. Retrieved 2019-08-10.
- ^ De Clercq, Geert (2017-03-08). "Suez targets industrial water with $3.4 billion GE Water deal". Reuters. Retrieved 2019-08-10.
- ^ "Adoption of all the resolutions by the shareholders' meeting of May 14th, 2019". suez.com. 14 May 2019.
- ^ a b "Global Water Intelligence". Global Water Intelligence. Retrieved 2022-08-29.
- ^ "Consolidated Financial Statements of SUEZ for the fiscal years ended December 31, 2019 and 2018" (PDF). suez.com. 26 February 2020.
- ^ "SUEZ Group, About us". Retrieved 17 April 2023.
- ^ "Thomas Devedjian to leave his position as CFO of SUEZ". suez.com. 15 November 2023. Retrieved 15 November 2023.
External links
