The Suez group is made up of Suez’s waste and water businesses divested from the Veolia acquisition, which includes its UK waste operations. It has also won large contracts in India and Saudi Araba, with Sabrina Soussan as chair.
In an announcement on 30 March, the company said the move to split its waste and water into two operational divisions will make the group “the trusted partner for circular solutions in water and waste recycling & recovery”.
This new structure will also enable Suez “to fully leverage its portfolio of solutions and improve expertise sharing and synergies between countries”.
Full details of the group’s overall organisation will be announced in July, Suez said, “after completion of the information-consultation process of employee representatives.”
UK
Suez also announced at the same time that Yves Rannou has been named as chief operating officer recycling & recovery, executive vice-president, “effective before summer 2023”.
He will lead “all the teams worldwide that are responsible for supporting local authorities and businesses in recycling and recovering their waste”. Waste represented 45% of the group’s revenue in 2021.
Mr Rannou has occupied a range of operational and functional positions, most notably as chief executive of Alstom Wind (wind turbines) and of GE Hydro (hydroelectric power stations). More recently, he has become a board member in a range of start-ups working in the green economy.
For Suez’s UK waste business, John Scanlon will continue to report into group.A spokesperson for Suez UK said Mr Scanlon “is looking forward to driving this agenda forward with the support of his UK management team and counterparts in the global waste business, sharing best practice and developing new and exciting offerings.”
The spokesperson added that “this new organisational structure will further strengthen our value proposition for the benefits of our customers”.
‘Valuable experience’
Sabrina Soussan said: “I warmly welcome the appointment of Yves Rannou and Jörg Linsenmaier.
“They will bring to the Group their valuable experience in the environment and energy sectors, internationally and across a variety of disciplines and companies, tying in with our own activities.
“Yves Rannou and Jörg Linsenmaier complete a diverse, multicultural executive committee team with a wide array of experience. I have every confidence in the ability of this top-class international team to place the company at the service of all our stakeholders.”
Equity
Suez is owned by investment firms Meridiam and Global Infrastructure Partners – with 40% stakes each . Caisse des Dépôts Group owns a 20% stake in the capital, including 8% held by CNP Assurances, to “pursue its strategic development plans in France and internationally.”
In addition, 3% of SUEZ’s capital is held by employees.
Global Infrastructure Partners previously acquired Biffa in 2008. Biffa is still listed under its portfolio on the Global Infrastructure Partner’s website, but Biffa was taken private through its acquisition by Energy Capital Partners earlier this year.
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