Gérard Mestrallet

Gérard Mestrallet
Born (1949-04-01) 1 April 1949
Paris, France
Nationality French
Alma mater École Polytechnique, ENA
Occupation Chairman of Engie

Gérard Mestrallet (born 1 April 1949 in) is the chairman of the board of directors of Engie and former CEO (from July 2008 to May 2016).[1] He is also the chairman of Suez.[2]

Biography

He received degrees from Sciences Po Toulouse, the Ecole polytechnique, École nationale de l'aviation civile and the École nationale d'administration.[3]

After his studies, he joined the Treasury. From September 1982 and July 1984 he was the technical advisor in charge of industrial affairs under the Minister of Economics and Finance (during the time of Jacques Delors)

In 1984, he started working as a special advisor for Suez, known today just as Suez.[4] He has been its Chairman and CEO since 2001.He was named Deputy Delegate General for Industrial Affairs in June 1986. In July 1987, he was General Director of the European Court of Human Rights, an affiliate of the Compagnie financière de Suez. In January 1991 he started as the Deputy Director General of the company, but a month later he became the Managing Director and Chairman of the Management Committee of the Société General de Belgique, to ensure its refocusing and development.

He was appointed as a member of the Hong Kong Chief Executive's Council of International Advisers in the years of 1998-2005.[5] He is the President of Paris Europlace. He is also the President of the Fondation Agir Contre l'Exclusion (FACE).[6]

In 1995 he took a position as the head of Suez and since then he has worked for Suez while focusing on three businesses: energy, water, and waste [7] He was also the instigator of the reconciliation between Suez and the Lyonnaise des Eaux. The Suez-Lyonnaise des Eaux was started in 1997, at which time Mestrallet became the chairman of its executive board while Jérôme Monod, chairman of Lyonnaise, became the Chairman of the Supervisory Board.[4][7] However, the group soon went back to its original name, Suez and in 2003 its leaders made a proposition to shareholders to change the association of the company by becoming an LP with a board of directors and Gerard Mestrallet as the CEO.[4]

in July 2008, he was appointed CEO of Engie.

In 2014, his retirement cap of 21 million euros was a controversy in the media due to GDF-Suez’s record losses for 2013 and its effort to prepare a savings plan.[8]

On May 3, 2016, he became chairman of the board of directors of the group, with Isabelle Kocher appointed as CEO, as planned for months[9]

He also serves on the Boards of International Power, Aguas de Barcelona, Electrabel, Saint-Gobain, and Pargesa Holding S.A..[2]

Other positions

Compensation

Mestrallet reached 3,005,079 in remuneration in 2012 (down 2.7% from 2011). It was the tenth compensation from SBF 120 and the eighth from CAC 40.[11][12]

In May 2016, Engie announced that Gérard Mestrallet's 350,000 euro chairman salary will go to the Engie foundation charity and that he will carry out his new job for free.[13]

Awards

He is Commander of the National Order of the Legion of Honour[14] and is a Knight of the National Order of Merit.

Personal life

He is the son of Georges Mestrallet and Paule Mestrallet-Besnard. He has two brothers, Michael and Patrick Mestrallet. He married Joëlle Emillienne Renée Arcens in 1974 and has three children.[15]

References

  1. ↑ "Engie press release" (PDF). Engie.com. Retrieved 3 May 2016.
  2. 1 2 "GDF board biography". Gdfsuez.com. Retrieved 12 July 2013.
  3. ↑ "List of Public Companies Worldwide, Letter - Businessweek - Businessweek". Investing.businessweek.com. Retrieved 2015-07-31.
  4. 1 2 3 "Gerard Mestrallet". DIRIGEANTS ENTREPRISE. Retrieved 24 October 2014.
  5. ↑ "Hong Kong". Info.gov.hk. 2003-11-06. Retrieved 12 July 2013.
  6. ↑ "FACE leadership". Fondationface.org. Retrieved 12 July 2013.
  7. 1 2 "Gerard Mestrallet". Fondationface.org. Retrieved 24 October 2014.
  8. ↑ "Polémique autour de la retraite-chapeau du PDG de GDF Suez". Le Figaro. Retrieved 24 October 2014.
  9. ↑ Isabelle Kocher to Head Engie, Inti Laundauro, Wall Street Journal. Retrieved January 14, 2016
  10. ↑ "Organisation de l'Institut | Institut de l'entreprise" (in French). Institut-entreprise.fr. Retrieved 2015-07-31.
  11. ↑ Les salaires des patrons du SBF 120, Le journal du net, 25 juin 2013
  12. ↑ Classement : les salaires des patrons du CAC 40, Challenges, 3 mai 2013
  13. ↑ Engie says Mestrallet's chairman salary will go to charity, Reuters, May 3? 2016
  14. ↑ "Décret du 2 mai 2012 portant promotion et nomination" (in French). Legifrance. Retrieved 2015-07-31.
  15. ↑ "Gérard Mestrallet 1949— Biography - Education and early career, Suez begins a transformation, Purchases nalco". Referenceforbusiness.com. Retrieved 2015-07-31.
Business positions
Preceded by
None		 CEO of GDF Suez
2008–present 		Succeeded by
Incumbent
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