Corporate governance

Explore Corporate Governance

Executive Committee

A businessman facing a group of people at a meeting, sustainability consulting.

Board of Directors

Board’s Study Committees

Governance structure

Schneider Electric is a European company with a Board of Directors. On May 4, 2023, the Board of Directors decided to implement a new governance structure that splits the office of Chairman from that of Chief Executive Officer. Since then, Jean-Pascal Tricoire has remained Chairman of the Board of Directors while a Chief Executive Officer was appointed becoming responsible for the general management of the Company, as the sole executive corporate officer. On November 1st, 2024, the Board of Directors appointed Olivier Blum as Chief Executive Officer of Schneider Electric SE.

The Company applies AFEP/MEDEF corporate governance Code of listed corporations. Consult the code (pdf, 560Kb).

Schneider Electric SE’s Articles of Association updated on September 11, 2024 (pdf 278 Kb)

Board of Directors and its Committees

The Board of Directors shall determine the business strategy of the Company and monitors its implementation, in accordance with its corporate interest and while considering its social and environmental aspects. Subject to the powers expressly conferred to annual general shareholders’ meetings and within the limit of the corporate purpose, it shall deal with all matters regarding the smooth running of the Company and settles issues concerning the Company. At any time in the year, the Board carries out the controls and verifications it deems appropriate.

In its internal regulations, the Board has set out the roles, responsibilities and resources of its five study committees: the Governance, Nominations & Sustainability Committee, the Audit & Risks Committee, the Human Capital & Remunerations Committee, the Investment Committee and the Digital Committee.

Committee members are appointed by the Board of Directors upon the proposal of the Governance, Nominations & Sustainability Committee.

Internal regulations of the Board of Directors (pdf, 185 Kb) >

About the Board of Directors >

Senior Management

The Chief Executive Officer

On November 1st, 2024, the Board of Directors has decided to appoint Mr. Olivier Blum as Chief Executive Officer of Schneider Electric SE.

The Chief Executive Officer has the broadest powers to act in all circumstances in the name of the Company. The Chief Executive Officer represents the Company in its relationship with third parties. He exercises his powers within the limitations of the corporate purpose, and subject to any powers expressly attributed by law to the Shareholders’ Annual General Meeting and Board of Directors.

The Chief Executive Officer will be requested to obtain the Board’s prior approval for:

- all disposals or acquisitions of holdings or assets by the Company or by a Group company for a sum of more than 250 million euros;

- significant changes to the scope and portfolio of activities outside of the strategy shared with the Board of Directors;

- establishment of significant strategic alliances;

- any settlement for a sum of more than 125 million euros;

- any off-balance sheet commitment in excess of 125 million euros other than those relating to a guarantee given to an entity of the Group;

- major and very significant changes to the Group’s internal organization.

Biography of Olivier Blum >

Corporate Officers' Compensation

Board of Directors of the 7th November 2024 - Compensation of Olivier Blum (CEO from November 1, 2024) (pdf, 158 Kb) >

Board of Directors of the 7th November 2024 - Financial terms of departure of Peter Herweck (CEO until November 1, 2024) (pdf, 108 Kb) >

Board of Directors of the 24th March 2022 – LTIP 2022 (pdf, 92,3 Kb) >

Board of Directors of the 16th February 2022 – 2021 compensation (pdf, 325 Kb) >