Suez SA (formerly Suez Environnement) is a French-based

utility As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosopher ...

company which operates largely in the

water Water (chemical formula ) is an inorganic, transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of all known living organisms (in which it acts as a ...

and

waste management Waste management or waste disposal includes the processes and actions required to manage waste from its inception to its final disposal. This includes the collection, transport, treatment and disposal of waste, together with monitoring ...

sectors. The company has its head office in La Défense,

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

.Legal notice
" Suez Environnement. Retrieved on 7 July 2010. In 2015, all the group's brands became SUEZ.

History

Formerly an operating division of

Suez Suez ( ar, السويس '; ) is a seaport city (population of about 750,000 ) in north-eastern Egypt, located on the north coast of the Gulf of Suez (a branch of the Red Sea), near the southern terminus of the Suez Canal, having the same boun ...

, the company was

spun out ''Spun Out'' is a Canadian television sitcom created by Jeff Biederman, Brent Piaskoski and Brian K. Roberts for CTV. It premiered on March 6, 2014 and ended on October 3, 2015, with a total of 26 episodes over the course of 2 seasons. Premise T ...

as a stand-alone entity as part of the merger to form

GDF Suez Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. ...

(now

Engie Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. ...

) on 22 July 2008. Engie remained the largest shareholder of the company with a 35% stake. On the stock market, Suez Environnement's share jumped 40% in value on its first day. In April 2014, Suez Environnement signed 3 major water treatment contracts in India worth 61 million euros. In July 2015, the group Suez Environnement simplified its name to become Suez, after the group GDF-Suez changed its name to

, leaving the name Suez available again. In September 2015, Suez acquired Sembcorp's 40% stake in the companies' common joint-venture to provide water treatment and waste management in Australia. On October 1, 2017, Suez bought the Water & Process Technologies unit from GE Power for 3.4 billion dollars and formed a new business unit called Suez Water Technologies & Solutions. Suez shares are listed on the

Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, de ...

exchanges in

and

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

. On May 14, 2019, Bertrand Camus was appointed as chief executive officer of Suez. On February 1, 2022, SUEZ begins 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 August 1, Sabrina Soussan is appointed chairman and CEO of SUEZ.

Financial results

Financial results in millions of euros:

Company governance

As of March 10, 2022, the executive committee is made up of: * Sabrina Soussan, Chairman and chief executive officer * Maximilien Pellegrini, Group Deputy CEO, in charge of France and Italy * Frederick Jeske-Schoenhoven, Group SVP Strategy, Communication and Sustainable Development * Thomas Devedjian, Group Chief Financial Officer * Laurent-Guillaume Guerra, Group Chief Human Resources Officer * Philippe Andrau, Group Legal Affairs Officer

Shareholder structure

Breakdown of share capital as of February 1, 2022.

References

External links