Sabrina Soussan, general manager of Suez for six months, also assumed the presidency this Friday, announced the group of environmental services (water, waste).
He replaces Thierry Déau, founder of the Meridiam infrastructure fund, which owns almost 40% of Suez. However, Thierry Déau remains at the helm of Suez Holding SAS. He highlighted “the confidence of Suez shareholders in the leadership of Sabrina Soussan and the recognition of the progress made in writing a new page in the group’s history,” quoted in the press release.
“New Suez”
The leader must present at the end of September the strategic plan of this “new Suez”, an independent entity resulting from the assets of Suez not absorbed by the competitor Veolia after a forceful takeover bid. Since her appointment, Sabrina Soussan, who came notably from Siemens transport in Germany, has spent time meeting with teams, rocked by more than a year of stock market battle, and reviewing governance, assets and directions.
The venerable French water and waste player was left with just 40% of its assets at the end of the Veolia-led takeover: almost all of its activities in France (representing €5 billion in turnover and 25,000 employees), but also a presence of 2,000 million euros in Italy, China, Australia, Senegal, Morocco, India… The company, still headquartered in La Défense, now belongs to a group of buyers – the Meridiam and GIP funds, with Caisse des dépôts/ CNP Assurances- who are committed to maintaining and developing it.
Source: BFM TV
