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Schneider Electric SE has announced a change in leadership, with Olivier Blum stepping in as the new chief executive officer, replacing Peter Herweck, who held the role for the past 18 months. The Board of Directors stated that this decision was driven by “differences in the execution of the company’s roadmap during a period of significant opportunities.
The French multinational, valued at approximately €140 billion, specializes in electrical equipment and energy efficiency technologies. Olivier Blum, previously head of the energy management division and a member of the Executive Committee since 2014, brings over 30 years of experience within Schneider Electric, including roles as Chief Human Resources Officer and Country President of Greater India.
Board Chairman Jean-Pascal Tricoire voiced his trust in Blum’s leadership, saying, “I am fully confident in his capability to guide Schneider Electric into this next phase of strategic growth.”
The French multinational, valued at approximately €140 billion, specializes in electrical equipment and energy efficiency technologies. Olivier Blum, previously head of the energy management division and a member of the Executive Committee since 2014, brings over 30 years of experience within Schneider Electric, including roles as Chief Human Resources Officer and Country President of Greater India.
Board Chairman Jean-Pascal Tricoire voiced his trust in Blum’s leadership, saying, “I am fully confident in his capability to guide Schneider Electric into this next phase of strategic growth.”