French energy equipment giant Schneider Electric, a significant supplier of the data center industry has removed CEO Peter Herweck and has appointed long-time employee Olivier Blum as the new chief executive, effective immediately. Schneider said that its Board of Directors "decided to remove from office Peter Herweck as chief executive officer due to divergences in the execution of the company roadmap at a time of significant opportunities."
“I welcome Olivier Blum as our new CEO and I wish to thank Peter Herweck for leading Schneider Electric over the past 18 months," former CEO and board chairman Jean-Pascal Tricoire said. "For more than 30 years, Olivier has been an outstanding and transformative leader at Schneider Electric, deeply understanding our business, our operating model and culture and focusing on future technology and strategic development, while delivering strong and consistent operational performance, as shown by the acceleration of Energy Management under his tenure."
Blum has spent nearly 32 years at Schneider, most recently as its head of the Energy Management Business. In the past, he was the chief human resources officer, and served as country head for India and strategy and business leader in China.
