Aveva CEO Steps Down After Breakdown in Schneider Tie-Up Talks

  • Richard Longdon succeeded by CFO James Kidd after 17 years
  • Company also expecting currency benefit after EU referendum

Aveva Group Plc Chief Executive Officer Richard Longdon will step down at the end of the year, weeks after a purchase by Schneider Electric SA fell through for the second time and will be succeeded by the current chief financial officer, James Kidd.

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