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France's Suez restructures in plan to revive results

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By Reuters
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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 (859 million pounds) 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.

(Reporting by Sudip Kar-Gupta; Editing by Alexander Smith)