Schneider

Schneider Electric It is a French multinational company founded in 1836. It is one of the world's largest energy management companies and optimization solution providers. Its main products include circuit breakers, sensors, controllers, etc., serving energy facilities, industries, data centers and networks in various countries. , building, providing overall solutions. Among them, it is a world leader in markets such as energy, infrastructure, industrial process control, building automation, data centers and networks. Since its establishment, Schneider has been one of the pioneers of French industry. At the end of the 19th century, it was one of the three largest arms factories in Europe. In 2018, Schneider Electric's global sales reached 25.7 billion euros.

history

In 1836, the Schneider brothers (Eugène and Adolphe Schneider) purchased the Creusot ironworks, which was in trouble at the time. At that time, its business involved steel, heavy industry, railways, and shipbuilding. By 1891, Schneider had become a professional weapons manufacturer and entered the emerging electricity market at the time.

In the early 20th century, Schneider formed an alliance with the American Westinghouse Company, an international electrical group at the time, and expanded its business to the manufacturing of power stations, electrical equipment, and electric locomotives. After World War II, Schneider stopped weapons manufacturing and focused on the construction, steel, and power industries.

In 1981, Schneider was put at the helm by Didier Pineau-Valencienne and began to transform the company, ending non-strategic or loss-making businesses, but still focusing on the power industry. To this end, Schneider has also conducted several strategic mergers and acquisitions: TE Electric, Shikuai Electric Power, and Merlin Gerin became members of the Schneider Group in 1988, 1991, and 1992 respectively. In order to highlight its expertise in the electrical field, the company was renamed "Schneider Electric" in 1999.

Our company was born during the first industrial revolution. Nearly 180 years later, through enduring dedication, expertise and the combined strength of our M&A business, we continue to deliver innovation at every level.

In the 19th century, the Schneider brothers invested in the Creusot foundry and became a major player in the steel and machinery industries. Schneider&Cie. Soon enter the emerging power market.

In 1836, the Schneider brothers purchased mines and forgings in Le Creusot, France. Two years later, they founded Schneider & Cie.

In 1891, after becoming a specialist in armaments, the company began to enter the emerging electricity market.

In 1919, the company expanded into Germany and Eastern Europe through the European Industrial and Financial Union (EIFU).

In 1949, a deep reorganization led by Charles Schneider took place in the aftermath of World War II.

In 1975, Schneider Group acquired Merlin Gerin, one of the leaders in power distribution equipment.

From 1981 to 1997, the company abandoned its steel and shipbuilding businesses and focused mainly on power through strategic acquisitions.

In 1999, the group developed installations, systems and controls through the acquisition of Lexel, assuming its current name.

2000-2009, a period of organic growth and M&A in new market areas: UPS, motion control, building automation and security.

Since 2010, Schneider Electric has further consolidated its position in software, critical power and smart grid applications.

product

Electrical protection and control

Light switches and electrical sockets

circuit breakers and switches

Buttons, switches, lights and joysticks

Motor starters and protection components

Company structure

(1) Governance structure

Schneider Electric is a European company with a Board of Directors. The functions of Chairman and Chief Executive Officer are performed by Jean-Pascal Tricoire, who was appointed Chairman and Chief Executive Officer on April 25, 2013 and on April 25, 2017 Renewed on the day.

The board of directors will review it again on April 25, 2019. In accordance with the exercise model of general management stipulated in Article 1 of the Internal Regulations, the model stipulates that once a decision is made to combine the functions of Chairman and Chief Executive Officer, the Board of Directors must review their selection annually.

(2) Board of Directors and its committees

The board of directors shall determine the company's business policies and ensure their implementation in the light of its social interests and taking into account its social and environmental factors. It shall examine all matters relevant to the efficient operation of the business and make decisions on all matters relating to the company within the scope of the company's purposes, except for matters that by law may only be decided by shareholders in general meetings.

The Board of Directors has set out in its internal regulations the roles, responsibilities and resources of five study committees: Audit and Risk Committee, Governance and Compensation Committee, Human Resources and Corporate Social Responsibility Committee, Investment Committee and Digital Committee.

Committee members are appointed by the Board of Directors on the recommendation of the Governance Committee.

(3) Senior managers

Chairman and Chief Executive Officer

On April 25, 2017, the board of directors decided to further merge the functions of chairman and CEO, and further appointed the chairman as CEO following the new appointment of Jean-Pascal Tricoire as chairman and CEO. shareholders meeting that day. Mr. Jean-Pascal Tricoire has served as Chairman and Chief Executive Officer since April 25, 2013. In accordance with its internal regulations, the Board of Directors reviewed the functions of Chairman and CEO again on April 25, 2019.

The Chairman and CEO represents the company in dealings with third parties. He has the broadest powers to act in the name of or on behalf of the company in all circumstances. He exercises this authority within the scope of the company's purposes, except for matters expressly reserved by law to the general meeting of shareholders or the board of directors. In addition, the Board's internal regulations stipulate that the Chairman and CEO shall submit any acquisition transaction or asset disposal worth more than 250 million euros, as well as any strategic partnership agreement, to the Board for approval.

deputy chief executive

Following the proposal of Jean-Pascal Tricoire, on April 25, 2017, the Board of Directors reappointed Emmanuel Babeau as Deputy Chief Executive Officer for Finance and Legal Affairs. Since April 25, 2013, Mr. Emmanuel Babeau has served as Deputy Chief Executive Officer for Finance and Legal Affairs.

Executive committee

The Executive Committee, chaired by the Chairman and Chief Executive Officer, supports the operational management of the Group.

China business

Schneider Electric (China) Co., Ltd.