Peter Herweck, former CEO of AVEVA, has been appointed as the new CEO of Schneider Electric, taking over from Jean-Pascal Tricoire, who will remain as Chairman of the company board.

Tricoire, who has served in leadership positions at Schneider Electric for nearly two decades, expressed his ongoing dedication to the business and its growth. Schneider Electric has reported significant revenue growth, reaching a record $36 billion in 2022.

Herweck brings over 25 years of experience in the global industrial technology industry and has previously held leadership roles, including CEO of AVEVA. His appointment as CEO of Schneider Electric follows the company's successful acquisition of AVEVA. Herweck's focus on sustainability and digitization aligns with Schneider Electric's strategic direction.

Under Herweck's leadership, Schneider Electric aims to continue driving innovation in the data center industry and advance its commitment to sustainability. The company has recently undergone a transformation, integrating various entities and pivoting towards solutions that facilitate the decarbonization of industries. With the wealth of experience and expertise Herweck brings to the table, Schneider Electric is poised to navigate the evolving landscape of the digital era.

Source: Schneider Electric