Creation of a Subsidiaries Division and new appointment to the Executive Committee
In a move to develop its subsidiaries and strengthen its external growth strategy, Schneider Electric is creating a Subsidiaries Division. This new Division will be managed by Jean-Claude Perrin, currently Chief Financial Officer of Schneider Electric and member of the Executive Committee.
Antoine Giscard d’Estaing, currently Chief Financial Officer at Suez Lyonnaise des Eaux, will join Schneider Electric in the 2nd quarter 1999. He will take over responsibility for Corporate Finance and Control on September 1, 1999.
The members of the Executive Committee as of that date will be:
Henri Lachmann (Chairman and Chief Executive Officer),
Jean-Paul Jacamon (Vice-Chairman and Chief Operating Officer),
Jean-Louis Andreu (International Division),
Antoine Giscard d'Estaing (Finance and Control),
Jean-Claude Perrin (Subsidiaries),
Jean-François Pilliard (Human Resources and Communication),
Pierre Reveniaud (Europe Division),
Chris Richardson (North America Division),
Jean-Paul Saas (Activities and Technologies),
Marcel Torrents (France Division).