People Moves: Olivier Blum, Schneider Electric
Olivier Blum
Job From Schneider Electric - Executive Vice President, Energy Management Business and Executive Committee member
Job To Schneider Electric - CEO
Olivier Blum had dedicated more than 30 years to energy giant Schneider Electric, before being appointed as the company’s CEO in November 2024.
He previously mastered various strategic positions within the company, including technology and operations leader for Schneider Electric's largest division, sustainability and human resources director, country head for India and strategy and business leader in China.
On top of this, he was featured on the cover of our sister publication, Sustainability Magazine, for the October 2024 edition.
Olivier Blum has taken over from Peter Herweck, who was Schneider's CEO from May 2023 and CEO Designate from March 2023.
Jean-Pascal Tricoire, Chairman of Schneider Electric, said at the time of his appointment: "I have complete confidence in his ability to lead Schneider Electric in this new phase of focused acceleration."
The leadership change came as Schneider Electric reported third quarter revenues of €9.3bn (US$10bn), an 8% increase year-on-year. The systems business was a significant driver of growth, particularly in digitalisation and energy transition markets.
The company also recently acquired Motivair Corporation, a US manufacturer of liquid cooling systems for data centres. Liquid cooling, which uses fluid rather than air to remove heat from IT equipment, is gaining traction for high-density computing applications like artificial intelligence.
Separately, the French competition authority has fined Schneider Electric €207m (US$267.75m) for alleged vertical price-fixing practices between the years 2012 and 2018. The company disputes the findings and has indicated it may appeal the decision.
To read the full article in the magazine, click HERE.
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