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01
Feb
2012

GDF SUEZ restructures energy operations in Europe to anticipate changing energy markets

GDF SUEZ is reorganizing its energy operations in Europe to anticipate changes in energy policy and continue to provide the best service to its 21.5 million gas and electricity customers by offering innovative product solutions adapted to their needs.

All the business activities that include gas supply and power production, energy management and trading, as well as marketing and sales of energy to customers are structured within a single Group business line, present in 13 countries and employing 30,000 men and women to offer the best service possible to European customers.

The combination and integration of these activities will increase the optimized use of the Group’s assets and give it greater flexibility to adapt to new conditions in the energy market. The creation of business lines alongside geographic entities is intended to strengthen operational excellence and give a European vision to all operations.

This new structure will improve the Group’s ability to anticipate major changes in energy in Europe, such as the integration of the natural gas and electricity markets, the growth of renewable energy, the development of new customer solutions that rely on energy efficiency, and even the development of “smart energy.”

The Energy Europe business line, headed by Jean-François Cirelli, GDF SUEZ Vice-Chairman and President, has been operational since January 1, 2012.

Gérard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ, states: “The ambitious international growth of GDF SUEZ does not exclude expansion in Europe, its home base, which remains at the heart of the Group’s strategy. The Energy Europe business line, its 30,000 employees, and the diversity of its talents and cultures will play a crucial role in the Group of tomorrow.
 

 

About GDF SUEZ 

GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

 

Press contact:
Tel. France: +33 (0)1 44 22 24 35
Tel. Belgium: +32 2 510 76 70
E-Mail: gdfsuezpress@gdfsuez.com

 

Investor relations contact:
Tel.: +33 (0)1 44 22 66 29
E-Mail: ir@gdfsuez.com

 
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