Schneider Electric has named Peter Herweck as its new CEO, effective 4 May, 2023. Herweck will replace Jean-Pascal Tricoire, who spent the past 17 years as CEO. Tricoire will remain as chairman of the board.

Herweck was previously the executive vice president of industrial automation at Schneider, but most recently was the CEO of Aveva. Schneider Electric spent years trying to buy the industrial software company, with the deal finally closing this January. With Herweck promoted, Aveva COO Caspar Herzberg will take over the top role.

Herweck was also the CEO of Siemens' process industries and drives division in 2014, and the regional head of Siemens' China division from 2008 to 2010.