Isabelle Kocher formally named next GDF SUEZ boss
Current CFO becomes deputy CEO and successor to Gerard Mestrallet.
Isabelle Kocher looks set to replace Gerard Mestrallet at the helm of French energy major GDF SUEZ after replacing Jean-Francois Cirelli as his second in command.
The board of directors, chaired by Mestrallet, backed the recommendations made by the Nomination and Compensation Committee in preparation for the Group’s leadership transition, a statement said.
It was unanimously agreed to appoint Kocher as a director and board member as well as deputy CEO of GDF SUEZ, effective from 12 November. Mestrallet also appointed Kocher as chief operating officer.
The five business line executive vice presidents will report to her as well as three divisions: Major Projects, Action Plan and Group Performance, and Research & Technologies.
A new chief Financial Officer will soon be appointed to replace Kocher who held the role for three years.
Jean Francois Cirelli was chairman and CEO of Gaz de France prior to its merger with Suez in 2008.
“The Board of Directors would like to thank Jean-François Cirelli for its key role since the merger between Gaz de France and Suez and his contribution to GDF SUEZ Group’s development, including the implementation of the new organization of the Energy Europe business line in a particularly difficult economic climate,” the statement said.
Kocher has spent 12 years rising through the ranks since joining Suez Group in 2002.