Wiktor Wise
Schneider Electric, a French multinational company, has seen several CEOs over the years. The current CEO is Olivier Blum, who took over from Peter Herweck on November 4, 2024. Herweck served as CEO from May 2023 to November 2024, and prior to that, Jean-Pascal Tricoire was the CEO from 2006 to 2013 and then served as Chairman and CEO from 2013 until 2023. Under Jean-Pascal's leadership, Schneider Electric transformed into a global leader in digital, electrification, and sustainability.
| Characteristics | Values |
|---|---|
| Current CEO | Olivier Blum |
| Previous CEO | Peter Herweck |
| Chairman | Jean-Pascal Tricoire |
| CEO from | November 4, 2024 |
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What You'll Learn
Schneider Electric's current CEO is Olivier Blum
Schneider Electric, a French multinational company, has appointed Olivier Blum as its new CEO. Blum took over from Peter Herweck on November 4, 2024. Herweck served as CEO from May 2023 to November 2024, and his leadership saw the company's share price surge more than 50%, including 31% in 2024 alone.
Blum has dedicated over 30 years to the energy giant, Schneider Electric. He has held various strategic positions within the company, including technology and operations leader for Schneider's largest division, Energy Management. From 2020 to 2022, he served as Chief Strategy & Sustainability Officer, leading the development of corporate strategy, mergers and acquisitions, sustainability, and quality assurance. Prior to that, from 2014 to 2020, he was the Chief Human Resources Officer, earning recognition as France’s Chief Human Resources Officer of the Year in 2019 for his transformative leadership and cultural impact. Blum has also been a member of the Executive Committee since 2014 and an AVEVA board director for the past five years.
In his most recent role before becoming CEO, Blum successfully led the company's fast-growing and world-class Energy Management business across all end markets, including data centers. Schneider Electric has been named one of the most sustainable companies in the world, and under Blum's leadership, it is expected to further accelerate its strategy and enter the next phase of its development.
Before Blum and Herweck, Jean-Pascal Tricoire served as the CEO of Schneider Electric from 2006 to 2013 and then as Chairman and CEO from 2013 to 2023. During his tenure, the company transformed into a technology leader in software, sustainability, digitization, and electrification, quadrupling its revenues.
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Peter Herweck was CEO from May 2023 to November 2024
Peter Herweck was appointed CEO of Schneider Electric in May 2023. He took over from Jean-Pascal Tricoire, who led the company's transformation into a global leader in digital, electrification, and sustainability.
Herweck joined Schneider Electric with a strong track record in driving innovation and sustainability. Prior to his role at Schneider Electric, he served as CEO of AVEVA, a global leader in industrial software, which was acquired by Schneider Electric in January 2023. During his time at AVEVA, he oversaw significant changes, including integrating three companies, launching a new Data Hub platform, and transitioning to the cloud.
Before his time at AVEVA, Herweck held several notable positions. He served as CEO of Siemens' Process Industries and Drives division in 2014 and as regional CEO of Siemens' China division from 2008 to 2010. With his extensive experience in the industry, Herweck was well-positioned to lead Schneider Electric.
However, Herweck's tenure as CEO of Schneider Electric was relatively short-lived. He served as CEO from May 2023 to November 2024, a period of approximately 18 months. During his time, Schneider Electric experienced a surge in its share price, with a 50% increase, including a 31% rise in 2024. This growth was attributed to booming demand for energy management solutions, driven by AI expansion in data centers and governmental policies favoring electricity usage.
In November 2024, Herweck was replaced by Olivier Blum, who took over as the new CEO of Schneider Electric.
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Jean-Pascal Tricoire was CEO from 2006-2013
Jean-Pascal Tricoire was the CEO of Schneider Electric from 2006 to 2013, according to the company website. However, some sources state that he was CEO until 2023. During his tenure, Schneider Electric underwent a significant transformation, evolving into a technology leader in software, sustainability, digitization, and electrification.
Tricoire joined Schneider Electric in 1986, holding various positions across the globe, including France, Italy, China, South Africa, the United States, and Hong Kong. In 2001, he joined the company's Executive Committee, taking charge of its international division. From 2003 to 2006, he served as the COO of Schneider Electric.
As CEO, Tricoire redefined the company's purpose and technology portfolio, quadrupling Schneider's revenues across its balanced geographical footprint. His strategic deals and leadership substantially impacted the company, and he received recognition for his contributions.
In addition to his role at Schneider Electric, Tricoire is also dedicated to leveraging technology for a net-zero and inclusive future. He serves on the board of directors for Qualcomm and is a director of the worldwide board of the United Nations Global Compact. Tricoire is also a UN HeForShe Corporate IMPACT champion, working to advance gender equality. He has received honours such as Knight of the Legion of Honor and Officer of the National Order of Merit in France.
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Tricoire is now Chairman of Schneider Electric
Jean-Pascal Tricoire is the Chairman of Schneider Electric. He previously served as COO of Schneider from 2003, CEO from 2006 to 2013, and Chairman and CEO from 2013 to 2023. In May 2023, Tricoire stepped down as CEO of the company but remained its chairman.
Tricoire has had a substantial impact on Schneider Electric during his 17-year tenure as CEO. Under his leadership, Schneider has transformed into a technology company leading in software, sustainability, digitization, and electrification. As CEO, he redefined the company's purpose and technology portfolio, quadrupling Schneider's revenues across its balanced geographical footprint.
Tricoire joined Schneider Electric in 1986 and held various positions across France, Italy, China, South Africa, the United States, and Hong Kong. In 2001, he joined the company's Executive Committee to take charge of Schneider's international division. He has also served as a director of the worldwide board of the United Nations Global Compact and represented Schneider as a UN HeForShe Corporate IMPACT champion, working to advance gender equality. Tricoire has been recognised for his commitment to leveraging technology to create a net-zero and inclusive future for all.
In addition to his role as Chairman, Tricoire is also involved in various advisory councils and boards, including the International Advisory Council of the Singapore Economic Development Board and the advisory councils of Shanghai, Beijing, and Hong Kong. He led the France-China Business Council from 2009 to 2019 and is recognised as a Knight of the Legion of Honour and an Officer of the National Order of Merit in France.
As of November 4, 2024, Olivier Blum is the Chief Executive Officer of Schneider Electric.
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Blum has been with the company for over 30 years
Schneider Electric recently appointed Olivier Blum as its new CEO, effective November 4, 2024. Blum succeeds Peter Herweck, who served as CEO from May 2023 to November 2024.
Blum has been with Schneider Electric for over 30 years, joining the company's Executive Committee in 2014. Throughout his tenure, he has held various strategic positions, contributing significantly to the company's success and growth.
Blum's journey at Schneider Electric began in sales and marketing roles, laying the foundation for his understanding of the business and its market. Over the years, he took on increasingly responsible positions, including technology and operations leader for the company's largest division. This role allowed him to delve into the technical aspects of the business and contribute to its operational excellence.
Additionally, Blum has a strong track record in sustainability and human resources. He served as the Chief Strategy & Sustainability Officer from 2020 to 2022, driving the development of corporate strategy, mergers and acquisitions, and sustainability initiatives. His expertise in human resources is evident in his role as Chief Human Resources Officer from 2014 to 2020, where he earned recognition as France's Chief Human Resources Officer of the Year in 2019 for his transformative leadership and cultural impact.
Blum's most recent role before becoming CEO was leading Schneider Electric's Energy Management business across all end markets, including data centers. This position showcased his ability to drive growth and innovation in the company's core business areas. His extensive experience across multiple functions and his deep understanding of the company and its values have undoubtedly prepared him well for his new role as CEO.
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Frequently asked questions
Olivier Blum is the current CEO of Schneider Electric, effective from November 4, 2024.
Peter Herweck was the CEO of Schneider Electric from May 2023 to November 2024.
Jean-Pascal Tricoire was the CEO of Schneider Electric from 2006 to 2013 and then served as Chairman and CEO from 2013 to 2023.
Under the leadership of Jean-Pascal Tricoire, Schneider Electric grew to become one of the largest firms in France, with a market value of €137 billion (US$149.37 billion).
Schneider Electric specializes in energy management and digital automation.
