GDF SUEZ Energy Resources NA Changes Name to ENGIE Resources, Announces New President and CEO
HOUSTON – June 15, 2016 – GDF SUEZ Energy Resources NA Inc. – the third-largest non-residential electricity provider in the United States – announced today that it has officially changed its name to ENGIE Resources and that it will be led by a new president and chief executive officer, Sayun Sukduang.
The announcement is part of a global rebranding effort initiated by the supplier’s parent company, ENGIE, that reflects the Group’s commitment to a responsible growth model – taking on the major challenges in today’s energy transition, providing access to sustainable energy, adapting to climate change, and providing greater security of supply in the United States and around the world.
Sukduang said adoption of the new name reflects the “revolution” taking place in the current energy sector, including advancements in renewables, distributed energy, and new opportunities to reduce energy use.
“This represents more than just a name change for us,” said Sukduang. “It marks a new direction and a forward-looking strategy for our company, and it underscores our transformational values and business practices, our industry leadership, and our commitment to environmental responsibility, as well as the unique sense of vitality that defines ENGIE Resources.”
As part of the rebranding, ENGIE Resources unveiled its vision to create a new energy future for consumers through innovative energy solutions. It also announced a new mission to continuously learn about its customers’ needs so as to provide the best experiences, while creating an environment of excitement and empowerment for employees to build a sustainable business model, excel operationally, and grow through collaborative partnerships, energy products, and solutions.
With its new mission and vision, Sukduang said, ENGIE Resources is well positioned to build upon its recent successes.
“We live in a new energy world,” he said, “and we have a responsibility to provide customer-driven energy solutions to meet the needs of the marketplace. I am confident, given the significant benefits ENGIE Resources brings to our customers – expressed in our commitment to innovation, customer satisfaction, transparent communication, and environmental stewardship – we can take advantage of the opportunities that lie ahead to better serve our customers and other stakeholders.”
ENGIE Resources is the third-largest and, arguably, one of the most successful commercial and industrial retailers in North America. Consistently ranked high by customers and counterparties, the company has delivered superior risk management capabilities to over 85,000 accounts.
Meanwhile, ENGIE Resources is very well poised to lead the “revolution” in that no other supplier has its track record showing the company’s ability to effectively manage real-time energy procurement, provide deep insights into customers’ energy usage, recommend energy efficiency solutions, and measure and verify outcomes. ENGIE Resources enters this new era under the sure guidance of Sukduang, an energy industry veteran with nearly 20 years of experience in the sector and a long-standing member of the Group.
In his most recent role, Sukduang managed teams and companies responsible for the implementation of major energy infrastructure projects, ranging from thermal and renewable generation assets to large-scale transportation pipelines. He previously held executive-level positions in mergers and acquisitions, business development, commodity risk management, and operations.
Prior to his roles with ENGIE, Sukduang worked for Florida Power & Light’s regulated energy business.
He holds a degree in engineering from the U.S. Merchant Marine Academy and a Master of Business Administration from Duke University’s Fuqua School of Business.
About ENGIE Resources
ENGIE Resources, which recently rebranded, is the third-largest non-residential retail electricity supplier in the United States and currently serves commercial, industrial, and institutional customers in 14 states: Delaware, Texas, Massachusetts, Maine, Maryland, New York, New Jersey, Pennsylvania, Illinois, Connecticut, Ohio, New Hampshire, Rhode Island, and Washington, D.C. The company serves over 61,000 accounts for customers having a peak demand ranging from 50 KW to more than 200 MW, with an estimated peak load totaling nearly 10,000 MW. The company offers electricity service to residential and small business customers under the brand Think Energy®.
For more about ENGIE Resources, visit www.engieresources.com or call 1-866-999-8374. ENGIE Resources is part of ENGIE North America, which manages a range of energy businesses in the U.S. and Canada, including electricity generation and cogeneration, natural gas and liquefied natural gas (LNG) distribution and sales, retail energy sales, as well as services to help customers run their facilities more efficiently and optimize their energy use and expense.