Schneider Electric SE has appointed Olivier Blum as the new CEO, replacing Peter Herweck after 18 months due to differences in executing the company roadmap. Blum, who has been with the company for 30 years, previously led the energy management division. The company reported record revenues of €9.3bn for Q3, driven by systems and services, while facing a €470m fine from the French competition authority for price-fixing practices. Teljes cikk (Euronews.com)