Degrémont ascendant

Suez has turned to its engineering division to dig its water business out of a hole. Good move.

RWE was not the only European major to announce a change of direction at its annual results presentations. Suez revealed that Jean-Louis Chaussade had replaced Jacques Pétry as the chief executive of Suez Environnement. It seems Pétry had been made to take responsibility for the loss of Suez’s Puerto Rico contract. Worth 0 million a year, it ...

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