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GTT: Catherine Ronge Replaces Philippe Berterottière as Board Chair

Philippe Berterottière has decided to resign from his position on GTT's board of directors, effective November 16, 2026. According to the group, this departure marks the completion of the transition period initiated with François Michel, who took up the position of Chief Executive Officer in January 2026.


GTT: Catherine Ronge Replaces Philippe Berterottière as Board Chair

An Independent Director Since 2021 Leading the Board

The board of directors of GTT, meeting on October 23, 2026, decided to appoint Catherine Ronge as chair of the board of directors, replacing Philippe Berterottière. The group specified that this appointment is part of the succession plan established by the board.

Catherine Ronge has served on the board as an independent director since 2021. She previously chaired the nominations and remuneration committee, a position she has held since 2023, and has been a member of the strategy and corporate social responsibility committee since 2021.

A former student of École Normale Supérieure Paris-Saclay and a doctorate holder in quantum physics, she began her career at the CEA in 1984 as a research engineer, before holding several positions at Air Liquide (1988 to 1999), then at Suez (1999 to 2006), where she notably served as Chief Executive Officer of Ondeo Industrial Solutions. She subsequently founded and chaired the consulting firm Weave Air (2006 to 2020). She has also been Chief Executive Officer of the Le Garrec & Cie group since June 2026. She is also a director of Colas since 2014 and a censor of Paprec.

In his statement, Philippe Berterottière indicated that "after seventeen years at the head of GTT", the time had come for him to step down, considering that the transition with François Michel had been successfully completed.

Eight Directors and Reconstituted Committees

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Following these changes, GTT's board of directors will comprise eight members, of which seven are independent directors (88%), and 50% women. A recruitment process for an additional independent director is underway.

The board's committees are also evolving. Sandra Lagumina succeeds Catherine Ronge as chair of the nominations and remuneration committee and leaves the audit and risks committee, now chaired by Pascal Macioce. Luc Gillet joins the nominations and remuneration committee, replacing Pierre Guiollot.

François Michel for his part recalled the new organization of the group around two divisions, Energy and Marine, and indicated that he has worked with Catherine Ronge within the board and the nominations and remuneration committee in recent months.



Sector Énergie › 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.

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