SCHNEIDER ELECTRIC : To Propose New Governance Structure At Next Annual Shareholder Meeting
02/22/2013| 01:08pm US/Eastern
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PARIS--Schneider Electric (UG.FR) Friday said it will adopt a single board structure with a board of directors and Jean-Pascal Tricoire will be named Chairman and Chief Executive Officer, if the plans are approved at the next annual shareholder's meeting on April 25, 2013.
MAIN FACTS:
- The Board of Directors will be composed of a majority of independent members and a vice chairman lead director will be nominated.
- Henri Lachmann will take on the role of vice chairman lead director up to the end of his term as director in 2014.
-Write to Mimosa Spencer at mimosa.spencer@dowjones.com
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