Connection

popular articles

Abu Dhabi launches a tender for a 400MW BESS
bp sells its onshore wind power business to strengthen its renewable strategy
Norway and the USA: pillars of European gas supply
Kuwait Oil Company launches 1 GW solar project to diversify its energy mix
EDF launches auctions for long-term nuclear electricity contracts

Schneider Electric: Olivier Blum leads from Dubai to boost emerging markets

The new CEO of Schneider Electric, Olivier Blum, moves to Dubai to oversee growth in India and the Middle East, strategic regions for the company's energy and digital transition efforts.

Please share:

The French group Schneider Electric, a global leader in electrical equipment and energy management, recently announced a strategic shift in its governance. Olivier Blum, the company’s new CEO, is now based in Dubai, a location chosen for its proximity to key markets such as India and the Middle East.

This decision is part of a strategy to seize opportunities linked to growing urbanization and the acceleration of the energy transition in these regions. According to a Schneider Electric spokesperson, India, which ranks third in terms of the company’s revenue alongside France, and the Middle East offer significant growth potential.

A proven strategy in the past

This strategic relocation is not a first for the company. Between 2006 and 2023, former CEO Jean-Pascal Tricoire resided in Hong Kong to strengthen Schneider Electric’s presence in Asia, particularly in China, now the company’s second-largest market after the United States.

Dubai was chosen as Olivier Blum’s operational base for its proximity to the strategic hubs of the Middle East and South Asia. The goal is to enhance ties with these regions while maintaining close interaction with the teams based in France.

The headquarters remain in France

Despite this internationalization of executive roles, Schneider Electric confirms that its headquarters will remain in Rueil-Malmaison, France. “There is no discussion about this,” the spokesperson stated, reaffirming the company’s commitment to its historical roots.

Olivier Blum, who was already overseeing energy management from Dubai prior to his promotion, will continue to travel frequently between Paris and other strategic hubs. The “hub” organization, implemented a decade ago, remains a core element of the company’s operational model.

Strong financial results

This decentralization strategy is accompanied by solid financial performance. Schneider Electric recorded a record turnover of €9.3 billion in the third quarter of 2024. This growth is mainly driven by innovative solutions offered in the fields of energy and digital transition.

With increasing demand for equipment and services in these sectors, the group’s positioning in emerging markets aligns with global needs. The management aims to strengthen its competitiveness while diversifying its revenue streams.

Register free of charge for uninterrupted access.

Publicite

Latest news

Tesla sales drop by 36% in the EU in March
Air Liquide forecasts limited impact from tariff increases on its results
Eni reduces its quarterly profit by 3% and forecasts savings of 2 billion euros in 2025
Getlink announces a 17% decline in revenue for Q1 2025
Norwegian sovereign wealth fund posts €35 billion loss in Q1 2025

Recently published in

Air Liquide forecasts limited impact from tariff increases on its results

Air Liquide anticipates a limited direct impact from global tariff hikes, while expecting an increase in its operational margin for 2025, despite weak demand in certain industrial sectors.
Eni reduces its quarterly profit by 3% and forecasts savings of 2 billion euros in 2025
Eni announces a 3% drop in its net profit for the first quarter, with savings planned to offset falling oil prices and uncertainty surrounding tariffs. The company expects reduced investment spending in 2025.
en_1140290953540-14
Eni reduces its quarterly profit by 3% and forecasts savings of 2 billion euros in 2025
Eni announces a 3% drop in its net profit for the first quarter, with savings planned to offset falling oil prices and uncertainty surrounding tariffs. The company expects reduced investment spending in 2025.
en_1140290953540-14
Getlink announces a 17% decline in revenue for Q1 2025
Channel Tunnel operator Getlink reported a 17% drop in its revenue for Q1 2025, primarily due to the interruption of its ElecLink cross-Channel cable, and maintains its targets for the year.
en_1140290950540-14
Getlink announces a 17% decline in revenue for Q1 2025
Channel Tunnel operator Getlink reported a 17% drop in its revenue for Q1 2025, primarily due to the interruption of its ElecLink cross-Channel cable, and maintains its targets for the year.
en_1140290950540-14
Sinopec unveils global energy forecast to 2060 at event in Saudi Arabia
Chinese giant Sinopec publishes its first international global energy outlook, forecasting a peak in primary energy consumption by 2045 and a rise in non-fossil energy sources.
en_1140290944540-15
Sinopec unveils global energy forecast to 2060 at event in Saudi Arabia
Chinese giant Sinopec publishes its first international global energy outlook, forecasting a peak in primary energy consumption by 2045 and a rise in non-fossil energy sources.
en_1140290944540-15

TotalEnergies to shut ethylene unit in Antwerp amid European overcapacity

TotalEnergies’ Antwerp platform plans to end operations of one steam cracker by late 2027, while continuing investments in green hydrogen and sustainable fuels.
Shanghai Electric signs major energy deals in Saudi Arabia and Oman
Shanghai Electric has secured strategic partnerships with Masdar and Mawarid Group for large-scale solar and wind projects, strengthening its industrial presence in the Middle East.
en_1140290957540-10
Shanghai Electric signs major energy deals in Saudi Arabia and Oman
Shanghai Electric has secured strategic partnerships with Masdar and Mawarid Group for large-scale solar and wind projects, strengthening its industrial presence in the Middle East.
en_1140290957540-10
Halliburton posts 67% drop in net profit for the first quarter
Weaker North American market conditions weighed on Halliburton's quarterly results, despite strong international activity and revenues exceeding analysts’ expectations.
en_1140290954540-12
Halliburton posts 67% drop in net profit for the first quarter
Weaker North American market conditions weighed on Halliburton's quarterly results, despite strong international activity and revenues exceeding analysts’ expectations.
en_1140290954540-12
Artificial intelligence in energy to reach $58.66bn by 2030
The global artificial intelligence market applied to the energy sector is expected to grow at an annual rate of 36.9% between 2024 and 2030, according to a report published by MarketsandMarkets™ on April 22.
en_1140290946540-13
Artificial intelligence in energy to reach $58.66bn by 2030
The global artificial intelligence market applied to the energy sector is expected to grow at an annual rate of 36.9% between 2024 and 2030, according to a report published by MarketsandMarkets™ on April 22.
en_1140290946540-13

Vinci enters a new era as Xavier Huillard steps down from chief executive role

Xavier Huillard departs from Vinci’s executive leadership after two decades of major transformations, handing over to Pierre Anjolras following Thursday’s general assembly.
Technip Energies wins contract for sustainable aviation fuel project engineering in Australia
Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
en_1140290956540-9
Technip Energies wins contract for sustainable aviation fuel project engineering in Australia
Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
en_1140290956540-9
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8
France Chimie warns of potential closure of 47 plants due to trade war
France Chimie warns that 47 industrial sites in France and up to 350 across the European Union could shut down without an emergency response to the escalating trade tensions with the United States and China.
en_1140290951540-9
France Chimie warns of potential closure of 47 plants due to trade war
France Chimie warns that 47 industrial sites in France and up to 350 across the European Union could shut down without an emergency response to the escalating trade tensions with the United States and China.
en_1140290951540-9

Rice and ExxonMobil launch strategic collaboration in sustainable energy research

A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
SBM Offshore secures USD1.1bn from 13 banks to refinance debt
Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
en_1140290950540-6
SBM Offshore secures USD1.1bn from 13 banks to refinance debt
Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
en_1140290950540-6
Equinor creates new division to consolidate flexible and renewable energy assets
Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
en_1140290983540
Equinor creates new division to consolidate flexible and renewable energy assets
Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
en_1140290983540
Data centre electricity demand driven by AI expected to double by 2030
According to the International Energy Agency, artificial intelligence will drive a global rise in data centre electricity consumption, reaching the current level of Japan’s national use by the end of the decade.
en_1140290985540
Data centre electricity demand driven by AI expected to double by 2030
According to the International Energy Agency, artificial intelligence will drive a global rise in data centre electricity consumption, reaching the current level of Japan’s national use by the end of the decade.
en_1140290985540

Sinopec and Aramco strengthen their alliance for the Yanbu complex expansion

Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
Fusion Fuel targets UK with £50mn acquisition in fuel distribution
Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
en_1140290946540-6
Fusion Fuel targets UK with £50mn acquisition in fuel distribution
Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
en_1140290946540-6
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
en_1140290954540-5
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
en_1140290954540-5
Viridien secures 2,400 km² seismic reprocessing contract in Algeria with Sonatrach and PTTEP
Viridien will reprocess two 3D seismic datasets in the Berkine Basin for the Hassi Bir Rekaiz consortium over a 13-month period.
en_1140290970540
Viridien secures 2,400 km² seismic reprocessing contract in Algeria with Sonatrach and PTTEP
Viridien will reprocess two 3D seismic datasets in the Berkine Basin for the Hassi Bir Rekaiz consortium over a 13-month period.
en_1140290970540

Autoliv secures energy supply with two European renewable contracts

Swedish manufacturer Autoliv signs two 12-year renewable power purchase agreements with Alight and Eurowind Energy to ensure stable supply and anticipate volatility in European energy markets.
Avangrid bets on advanced technologies to modernise American energy grids
Avangrid brought together over 150 energy stakeholders in Cambridge during its annual forum to accelerate the development of technological solutions involving artificial intelligence, storage, and infrastructure resilience.
en_1140290949540-4
Avangrid bets on advanced technologies to modernise American energy grids
Avangrid brought together over 150 energy stakeholders in Cambridge during its annual forum to accelerate the development of technological solutions involving artificial intelligence, storage, and infrastructure resilience.
en_1140290949540-4
BP initiates succession of chairman Helge Lund ahead of expected 2026 departure
British oil group BP has confirmed the planned departure of its chairman of the board Helge Lund, launching a transition process expected to conclude in 2026.
en_1140290948540-4
BP initiates succession of chairman Helge Lund ahead of expected 2026 departure
British oil group BP has confirmed the planned departure of its chairman of the board Helge Lund, launching a transition process expected to conclude in 2026.
en_1140290948540-4
ExxonMobil appoints Matt Crocker as head of its Product Solutions division
ExxonMobil has announced the upcoming retirement of Karen McKee and the appointment of Matt Crocker as president of the Product Solutions division, marking a key change in the group’s governance effective 1 May 2025.
en_1140291004540
ExxonMobil appoints Matt Crocker as head of its Product Solutions division
ExxonMobil has announced the upcoming retirement of Karen McKee and the appointment of Matt Crocker as president of the Product Solutions division, marking a key change in the group’s governance effective 1 May 2025.
en_1140291004540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS