Retour

SCHNEIDER ELECTRIC (EPA:SU) - 2019 Annual General Meeting; approval of all resolutions

Directive transparence : information réglementée Autres communiqués

26/04/2019 17:00

Financial Information

          2019 Annual General Meeting; approval of all resolutions

Rueil-Malmaison (France), April 26, 2019

The Schneider Electric SE ordinary and extraordinary general meeting was held
on April 25, 2019, chaired by Jean-Pascal Tricoire, Chairman and CEO.
Representing a quorum of 65.63%, the shareholders adopted all the resolutions
supported by the board of directors, notably those including:

* Approval of the consolidated and corporate accounts for 2018 and
   distribution of a dividend of 2.35EUR per share for 2018
* Approval on compensation for 2018 and on 2019 compensation policy for the
   corporate executive officers, Mr. Tricoire in his capacity of Chairman and
   CEO and Mr. Babeau in his capacity of Deputy CEO
* Renewal of Mr. Greg Spierkel's terms of office
* Appointment of three new directors, Ms. Carolina Dybeck Happe, Ms. Xuezheng
   Ma and Mr. Lip-Bu Tan,
* Renewal of financial authorizations

The Annual General Meeting was also the occasion for Jean-Pascal Tricoire,
Chairman and CEO, Emmanuel Babeau, Deputy CEO in charge of finance and legal
affairs and Léo Apotheker, Vice- chairman and independent lead director, to
comment on the Group's strategy together with the Group's 2018 results, future
outlook and governance to the 400 participants.

Jean-Pascal Tricoire presented Schneider Electric's strategic positioning on
two main trends: industry 4.0 and energy transition. Energy Management and
Industrial Automation, the two core businesses of the Group, contribute to
solving the paradox between access to progress, energy and digital for all
while protecting the planet, providing all customers energy and operational
efficiency solutions, in a responsible and sustainable way for environment and
people. Through several customer examples, Jean-Pascal Tricoire reaffirmed the
Group's mission: Empower all to do more with less, ensuring Life is On
everywhere, for everyone, at every moment. He then detailed the four pillars of
the Group's growth strategy: more products, through innovation, more services,
better systems and more digital, the latter being both organic and inorganic
while leveraging the Group and its ecosystem. The execution of this growth
strategy delivers a strong set of results in 2018 and good mid-term outlook on
shareholders' value creation.

Emmanuel Babeau explained how the Group operates in an ethical, transparent and
reliable manner, and how the principles of responsibility enhancement will
enable Schneider to meet new regulatory and social challenges. He then detailed
the strong 2018 performance of the Group and highlighted the overachievement of
all the 2018 objectives, confirming the work performed over past years. The
strong growth and the good execution of operational priorities delivered record
net income and earnings per share. These results, combined with a free
cash-flow generation and a balance sheet that remains solid, enable a 7% growth
in dividend. The 2019 growth outlook announced on February 14 has been
confirmed by the strong organic growth in revenues over the first quarter in
2019. Emmanuel Babeau highlighted the necessity to balance short term and
long-term visions, through a constant work on innovation and portfolio
optimization, and he ended his speech reaffirming the importance for the Group
of a continuous dialogue with all its shareholders.

Jean-Pascal Tricoire paid tribute to Ms Betsy Atkins and Mr Antoine
Gosset-Grainville, who leave the board following the general meeting. Léo
Apotheker then outlined the Group's principles of governance which are in line
with the most demanding standards of the market, and he presented the work
carried out by the board of directors and its five study committees, stressing
the high level of commitment, the independent mindset and professionalism of
each and every director. Going further, he presented the main resolutions on
the agenda and explained in more detail the corporate executive officers'
compensation policy, the financial authorizations as well as the profiles of
the board's candidates who will strengthen the board's competencies, in line
with the Group's strategy. Schneider Electric governance reflects the Group's
values of openness and inclusiveness. Following the Annual Shareholders'
Meeting, the Board is thus comprised of 83% independent directors, 46% women(1)
and 71% non-French directors.

Full results of votes, presentation and re-transmission of the AGM are
available on the company's website at the following address
www.schneider-electric.com/finance

Schneider Electric's half-year results and its revenues for the second quarter
will be announced on July 25, 2019.

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management
and Automation in Homes, Buildings, Data Centers, Infrastructure and
Industries. With global presence in over 100 countries, Schneider is the
undisputable leader in Power Management - Medium Voltage, Low Voltage and
Secure Power, and in Automation Systems. We provide integrated efficiency
solutions, combining energy, automation and software. In our global Ecosystem,
we collaborate with the largest Partner, Integrator and Developer Community on
our Open Platform to deliver real-time control and operational efficiency. We
believe that great people and partners make Schneider a great company and that
our commitment to Innovation, Diversity and Sustainability ensures that Life Is
On everywhere, for everyone and at every moment.

www.schneider-electric.com

Discover Life is On

Follow us on: Twitter, Facebook, Linkedin, Google+, Youtube, SETV, BLOG

(1) Excluding director representing French employees

Financial Communication
Schneider Electric
Amit Bhalla
Phone: +44 20 7592 8216
www.schneider-electric.com
ISIN: FR0000121972

Media Relations
Schneider Electric
Véronique Luneau (Roquet-Montegon)
Phone: +33 (0)1 41 29 70 76
Fax: +33 (0)1 41 29 88 14

Press Contact:
DGM
Michel Calzaroni
Olivier Labesse
Phone: +33 (0)1 40 70 11 89
Fax: +33 (0)1 40 70 90 46