France's Suez restructures in plan to revive results [Reuters]
SUEZ AMERICAN DEPOSITARY RECEIPTS - UNSPONSORED (SZEVY)
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Source: Reuters
France's Suez restructures in plan to revive results PARIS (Reuters) - French utility Suez ( SEVI.PA ) on Monday announced a new boardroom and business structure, which it said formed part of a general strategy plan to improve its results. Jean-Marc Boursier and Julian Waldron would be in charge of implementing a plan aimed at achieving savings of 1 billion euros ($1.1 billion) by 2023, Suez said in a statement. Suez, in which French utility Engie ( ENGIE.PA ) has a 32% stake, added it was setting up six regional divisions and two global business units as part of its overhaul. ($1 = 0.9073 euros)
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