The Suez group, a major player in the water and waste sectors, has announced a significant governance reorganization marked by the departure of its CEO Sabrina Soussan on January 31, 2025. This decision, described as “unexpected,” comes three years after she assumed leadership of the company.
According to the official statement, Sabrina Soussan is stepping down to focus on new professional ventures. “After three intense years and with the feeling of a mission accomplished, I wish to embark on other projects that I will announce shortly,” she stated. During this transitional period, she will work closely with Thierry Déau, the new chairman of the board, to ensure operational continuity.
A strategic shift for Suez
Sabrina Soussan’s departure aligns with a strategic turning point for Suez. Thierry Déau, already a key figure in the group as the head of one of its main shareholders, will officially assume the chairmanship of the board on January 1, 2025. The process of searching for a new CEO has already begun.
Under Ms. Soussan’s leadership, Suez underwent major transformations. The group reduced its international assets in 2022 following a takeover bid by its competitor Veolia, while strengthening its financial and commercial standing. In 2023, Suez achieved revenues of €8.9 billion, with a notable 16% increase in EBITDA during the first half of 2024.
Opportunities and challenges
On the commercial front, Suez has recently secured key successes, such as a €1.4 billion waste valorization and incineration concession contract in Toulouse. However, competition remains fierce, notably with Veolia, which won a strategic contract for water management in Île-de-France after an intense legal battle.
Suez’s debt, estimated at €5.3 billion, has grown to support its growth ambitions. According to Thierry Déau, this development aligns with the group’s strategy. He expressed confidence in Suez’s ability to continue its growth despite challenges in the sector.
Future perspectives
With a presence in 40 countries and a workforce of 40,000 employees, Suez embarks on a new phase of its history. The governance reorganization aims to consolidate its achievements and prepare for new cycles of growth. The appointment of a new CEO will be a key milestone in defining the group’s future direction.
