LNG

EDF Trading, a wholly-owned subsidiary of French utility EDF SA, has made several executive changes along with many other companies in the energy business emerging from the Covid-19 pandemic.

EDFT has named Valentino Scavardone as its new Head of Origination for Europe and appointment of Sylvie Billion as its new Chief Financial Officer.

Scavardone in his now role in Origination for Europe will report to Philipp Büssenschütt, EDF Trading’s Chief Commercial Officer.

“The energy market landscape continues to evolve with new opportunities developing especially in the renewables markets and the European Gas markets through increasing LNG imports,” explained Büssenschütt.

“Valentino and our Origination team will be working alongside our trading teams to develop new products, identify areas for expansion and continue to grow our customer flow business,” stated Büssenschütt.

Scavardone said he was looking forward to growing the Origination business and supporting the EDF Group and its customers.

Valentino joined the previous EDF Trading (EDFT) entity in 2010 as a Senior Originator and was appointed Head of Southern Europe Origination in 2013.

Prior to joining EDFT, he was at the French-Belgian firm Electrabel-GDF Suez and E.ON of Germany.

EDF Trading named a new CFO in Sylvie Billion, who will report to Béatrice Bigois, Chief Executive, and will be a member of the company’s Executive Committee.

“I’m delighted to welcome Sylvie to EDF Trading. She has extensive international experience of leading and working in financial risk and asset liability management,” stated CEO Béatrice Bigois.

Billion joins EDF Trading from EDF where she was also CFO and an Executive Committee Member for the International Division.

Previously Billion held roles at French bank BNP Paribas, multi-national firm Accenture and Dutch bank ABN Amro Group before joining EDF in 2001 as Group Financial Risk Controller.

She later became Group Treasurer in charge of Treasury, Group Financing, Capital Markets and Asset Management and in 2010, she moved to EDF distribution subsidiary ERDF as CFO and a member of the Executive Committee.

Billion left EDF temporarily in 2013 to 2019 to join the Executive Committee of the Global Fund, a multilateral financing institution as CFO and Head of the Finance, IT, Sourcing and Administration Division.

French firm EDF Trading, a leader in the international wholesale energy markets and a partner of Japanese LNG trader JERA Global Markets, has entered the Japanese power market.