Schneider Electric has replaced its CEO Peter Herweck just after a year-and-a-half long stint, citing differences on the implementation of the roadmap, replacing him with group veteran Olivier Blum.
The new CEO, Olivier Blum, 54, has been part of the Executive Committee since 2014 and with Schneider for more than 30 years. Olivier Blum started his career with Schneider Electric in 1993 in France, his home country. He had been in Asia for nearly two decades, in leadership positions as Regional Head of Strategy for China, and the regional MD for India.
Olivier Blum is the Chief Executive Officer of Schneider Electric and Acting Executive Vice President of the company’s Energy Management business, effective November 4, 2024.
Olivier has been a member of the Executive Committee since 2014. In his most recent role, he successfully led the company’s fast-growing and world-class Energy Management business across all end markets, including data centre. Prior to that, he served as Chief Strategy & Sustainability Officer from 2020 to 2022, where he led the development of corporate strategy, mergers and acquisitions, sustainability, and quality assurance. From 2014 to 2020, Olivier held the position of Chief Human Resources Officer at Schneider Electric, driving the company’s people strategy and earning recognition as France’s Chief Human Resources Officer of the Year in 2019 by Cadremploi, Morgan Phillips Hudson, Le Figaro Décideurs, and Fyte for his transformative leadership and cultural impact.
Olivier began his career at Schneider Electric in 1993 in his home country of France. Over the past two decades, he has gained extensive international experience, holding key leadership roles in Asia including Regional Head of Strategy for China, Regional Managing Director for India, and a global role as Executive Vice President of the Home & Distribution division, based in Hong Kong.
Olivier is a non-executive board director of AVEVA Group PLC, where he currently serves as Chairman of Advisory. He has also been an independent director of Keppel Corporation and a member of its Sustainability and Safety Committees since May 2022.
His commitment to sustainability has been instrumental in Schneider Electric’s success, culminating in the company being named the World’s Most Sustainable Corporation by Corporate Knights in 2021.
