Rueil Malmaison, France, June 30, 2006 – Schneider Electric has announced today some adjustments in its organization. "This organization brings us closer to our customers, faster and more reactive in meeting their needs and gives us more focus, innovation and efficiency in our business," commented Jean-Pascal Tricoire, Chairman of the Management Board and Chief Executive Officer. "Our overall goals remain the same: to continue our new program and deliver the best possible answer to the growing needs of our customers."
Marketing and Technology will be streamlined in seven Business Units: Power, Ultra Terminal, Automation, Services and Projects, Building Automation, Secured Power, Customized Sensors and Technologies.A new central function, Strategy, Customers and Technology, will be created to align all divisions on the major group directions.The four Operating Divisions - Europe, North America, Asia-Pacific, International & Iberian - and the other central functions - Finance, Control & Legal Affairs, Human Resources, Globalization and Industry, Corporate Quality - will maintain their current responsibilities.
About Schneider Electric
Schneider Electric is the world’s power and control specialist. Through its world-class brands, Merlin Gerin, Square D and Telemecanique, Schneider Electric anticipates and satisfies its customers’ requirements in the residential, building, industry, energy and infrastructure markets. With 92,000 employees and operations in 130 countries, Schneider Electric generated sales of €11.7 billion in 2005 through 13,000 distributor outlets.
