GTT Group has announced the appointment of François Michel as CEO effective January 5, 2026. This unanimous decision by the Board of Directors on December 13 marks a return to a separate governance structure for the cryogenic containment system specialist.
According to the press release, the company's Board of Directors selected François Michel after a rigorous selection process. Catherine Ronge, Chair of the Nomination and Compensation Committee, stated that this choice reflects the intent to equip GTT with a leader capable of mobilizing teams in face of upcoming technological challenges. She mentioned that she would support the new CEO as he takes on his role, continuing the trajectory built around innovation and excellence. This separation of powers comes as the group navigates through a significant transformation in the energy sector.
François Michel's Professional Background
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46-year-old François Michel is a graduate of the École Polytechnique and an engineer from the Mines. His career began in the Marine and Power sectors of Alstom Group, before moving to the Ministry of Economy and Finance and then to the International Monetary Fund in Washington. In 2009, he joined the office of the President of France as a technical advisor in charge of public finances. He later joined Saint-Gobain Group in 2012, where he served as Director of Strategy and Planning, and subsequently led several global subsidiaries. Since 2022, he has been the Deputy Administrator and CEO of John Cockerill, a technology group active in energy, defense, green hydrogen, metallurgy, and industrial services.
Mission and Future Directions under New Leadership
According to the group, François Michel's mission will be to continue implementing GTT's strategy by enhancing technological innovation and operational excellence, while supporting the diversification effort and the group's development. The new CEO expressed a full understanding of the responsibility entrusted to him in a context of profound changes in the energy sector. Under his leadership at John Cockerill, the group accelerated its international and technological growth, securing several strategic partnerships, as indicated in the press release. GTT, specializing in membrane cryogenic containment systems for the transport and storage of liquefied gases, is also developing solutions to assist shipowners and energy providers towards a decarbonized future.
SectorÉnergie›Services et équipements parapétroliers
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 570,1 millions d'euros
Quarterly revenue: 570,1 millions d'euros
Revenue growth: -4,9 %
Guidance from the release
the Group confirms its objectives for 2026 despite an uncertain geopolitical context
Risks mentioned
Ongoing conflict in the Middle East causing disruptions to energy and maritime transportation markets with uncertainties related to Strait of Hormuz navigation
Lower number of LNG carriers under construction linked to low order intake in first nine months of 2025 impacting revenues
Trend of earlier ship delivery dates reversing with dates realigning to contractual milestones, representing less than 2% of nine months revenue shift
Opportunities identified
Significant number of Final Investment Decisions taken for new liquefaction capacities providing high visibility for several years
Strong order momentum with 80 orders received (71 for LNG carriers) and orderbook of 299 units valued at 1.8 billion euros
GTT Energy's new services offering (LNG Performance Centre) with Cargo Insights module presenting major milestone for digital solutions development
Outlook / guidance
Expected revenue: 760 millions d'euros
Expected EBITDA: 510 millions d'euros
Management commentary: GTT recalls its targets for the 2026 fiscal year, namely: 2026 consolidated revenues between 740 and 780 million euros, Consolidated EBITDA for 2026 between 490 and 530 million euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
