Schneider Electric Names Aveva Boss Peter Herweck New CEO - Update
16 Februar 2023 - 03:09PM
Dow Jones News
By Pierre Bertrand
Schneider Electric SE on Thursday named Peter Herweck as new
chief executive officer as it implements a new governance
structure, splitting the office of chairman from that of the
CEO.
Mr. Herweck, the current CEO of Aveva, will succeed Jean-Pascal
Tricoire as Schneider Electric CEO after the annual general meeting
scheduled for May 4, 2023, Schneider Electric said, adding that Mr.
Tricoire will remain as chairman.
Mr. Tricoire, who has served as CEO since 2006, said the timing
was now right for him to step down after guiding the company
through its acquisition of Aveva.
"We have now a clean house in the field of software that we can
accelerate and keep developing as we go forward," Mr. Tricoire
said.
With Schneider Electric's acquisition of Aveva, the priority now
will be to scale performance and development, Mr. Tricoire
said.
Aveva's Chief Operating Officer and Chief Revenue Officer,
Caspar Herzberg, will take on the role of chief executive at Aveva,
Mr. Tricoire said.
Mr. Herzberg will assume the role on March 1, a Schneider
Electric spokesman said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
February 16, 2023 08:54 ET (13:54 GMT)
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