By Jessica Sier 
 

Schneider Electric SE's long-serving Chief Financial Officer Emmanuel Babeau will leave the French company at the end of April, the company said on Monday.

After 11 years, Mr Babeau will be replaced by Hilary Maxson, who has been with the electrical equipment company for three years. Her appointment will become effective after Schneider's annual general meeting on April 23.

The company also appointed two new members to its executive team. Charise Le was named chief human resource officer, effective April 1, and Peter Weckesser was named chief digital officer, effective June 1.

Schneider also reshuffled two executives already on its management team. Olivier Blum will become chief strategy and sustainability officer, effective April 1, and Herve Coureil will become chief governance officer and secretary general following the April 23 AGM.

"Schneider Electric will be moving to a flatter executive committee structure with a view to reinforce its governance, accelerate its strategic and digital transformations and increase the diversity of the executive team," the company said in a statement.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

March 02, 2020 04:03 ET (09:03 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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