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Engie: Bryan Garnier would hail JP Clamadieu's appointment

(CercleFinance.com) - Bryan Garnier reiterates its "buy" rating on the Engie stock, maintaining its fair value of 16 euros on Engie, appreciating a potential election of Jean-Pierre Clamadieu as chairman of the board, which according to different press reports is "very likely.

The broker believes that the choice of Solvay's current CEO to succeed Gerard Mestrallet, who will leave his position at the head of the energy giant next May, "would check almost all the boxes".

Bryan Garnier emphasises his experience in separating Solvay's positions of chairman and CEO, his real interest in sustainable development issues, and his knowledge of Belgian politics, which would be key for Electrabel's future.

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