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Home > Business > Schneider Electric ousts CEO Peter Herweck

Business

Schneider Electric ousts CEO Peter Herweck

Published by Uma Rajagopal

Posted on November 4, 2024

Featured image for article about Business

(Reuters) – Schneider Electric said on Monday its board of directors had decided to remove CEO Peter Herweck from office with immediate effect, citing “divergences in the execution of the company roadmap”.

Herweck, who had been the CEO since May 2023, will be replaced by Olivier Blum, current chief of Schneider’s energy management business.

(Reporting by Mathias de Rozario in Gdansk; editing by Milla Nissi)

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