Schneider Electric SA proposes an evolution of its governance structure

PR Newswire/Les Echos/ 
Press release 
Schneider Electric SA proposes an evolution of its governance structure 
Rueil-Malmaison (France), December 18, 2012 - Henri Lachmann continues to
implement his succession plan. Therefore, the Supervisory Board of Schneider
Electric SA and its Chairman have decided to propose a modification of the
Group's governance structure at the next Annual Shareholder's meeting, to be
held on April 25, 2013. The Group will adopt a single board structure with a
Board of Directors (Conseil d'Administration), provided it is approved by
shareholders. 
The Board is attached to the continued success of the Group and its good
governance. It endeavors to respect two key principles: to maintain a strong 
and stable leadership and to guarantee the independent control in the 
management of the company. 
It intends to name Jean-Pascal Tricoire as Chairman and Chief Executive Officer
(Président Directeur Général) in light of his achievements and performance
since he took the lead of the Group in 2006. Emmanuel Babeau, currently member
of the Management Board, will become Deputy Chief Executive Officer (Directeur
Général Délégué) in charge of Finance and Legal Affairs of the Group. 
The Board also considers that it is necessary to reinforce its role and
involvement in the oversight of the Group. Under this new governance structure,
the Board of Directors will put in place four committees: Governance, Audit,
Human Resources & Social Responsibility and Strategy. In addition, the board
will nominate a Lead Director who will guarantee its independence and oversee
the quality and timeliness of information sent and the proper functioning of 
the Board. Henri Lachmann will assume this role up to the end of his term as
director in 2014. His mission will be to ensure a smooth transition in the
governance structure and to name the Lead Director to succeed him in this
role. 
In line with this modification, all the existing members of the Supervisory
Board (for the remaining duration of their terms) and Jean-Pascal Tricoire will
be nominated as directors of the new Board. The employee shareholders will need
to propose one or more candidates to represent them as director in the Board. 
About Schneider Electric 
As a global specialist in energy management with operations in more than 100
countries, Schneider Electric offers integrated solutions across multiple 
market segments, including leadership positions in Utilities & Infrastructures,
Industries & Machine manufacturers, Non-residential buildings, Data centers &
Networks, and in Residential. Focused on making energy safe, reliable,
efficient, productive and green, the Group's 130,000 plus employees achieved
sales of 22.4 billion euros in 2011, through an active commitment to help
individuals and organizations make the most of their energy.
www.schneider-electric.com/company  
Investor Relations :                   Press Contact :
Schneider Electric                     Schneider Electric
Carina Ho                              Véronique Roquet Montegon  
Phone : +33 (0) 1 41 29 83 29          Phone : +33 (0)1 41 29 70 76
Fax : +33 (0) 1 41 29 71 42            Fax : +33 (0)1 41 29 88 14
www.schneider-electric.com 
ISIN : FR0000121972 
Press Contact :
DGM
Michel Calzaroni
Olivier Labesse
Phone : +33 (0)1 40 70 11 89 
Fax : +33 (0)1 40 70 90 46 
                  
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-0- Dec/19/2012 08:24 GMT
 
 
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