Schneider Electric S A - SBGSF STOCK NEWS

Schneider Electric, Intel, and Red Hat have announced the release of a Distributed Control Node (DCN) software framework, enabling industrial companies to move to a software-defined, plug-and-produce solution. The framework supports interoperability and portability, aligning with the goals of the Open Process Automation Forum (OPAF) to drive industrial innovation.

Schneider Electric (SE) was recognized as a '2024 Best Places to Work' honoree by tech recruiting platform Built In. The company earned national and regional awards, including 'Best Places to Work' (#29) and 'Best Large Places to Work' (#13) on the national list, and regional rankings in Boston (#8 , #7), Chicago (#5, #4), Dallas (#3, #2), and Los Angeles (#5, #3). The program includes companies of all sizes, honoring those with the best total rewards packages across the U.S. and in large tech hubs.

Schneider Electric (SCHNEIDER), a leader in energy management and automation, released a report revealing that 45% of industrial companies believe digitalization will drive new job creation on the shop floor. The study, conducted by Omdia, also highlights the potential of digitalization to address talent shortages and extend job roles in the plant due to increasing sustainability requirements.

Schneider Electric has appointed Ruben Llanes as the new Chief Executive Officer of AutoGrid. He will also serve as the Segment President for Schneider Electric's North American Power and Grid segment, succeeding founder Amit Narayan, who will remain on the Board. Llanes aims to enhance the integration of distributed energy resources, develop new revenue streams, and deepen customer engagement. His extensive background includes roles in sales and strategy at Schneider Electric and investment banking at Deutsche Bank. This leadership transition seeks to strengthen AutoGrid's position in the energy management sector.

Schneider Electric has been ranked #1 in its peer group and 7th globally in the 2023 Global 100 list of Most Sustainable Corporations by Corporate Knights. This marks the 12th consecutive year Schneider has been recognized, earning high scores for climate and social commitments, including sustainable revenues and gender diversity. It remains the only company in its category on the Global 100 since 2012. Additionally, Schneider received top ESG ratings from S&P, CDP, and Moody's, highlighting its commitment to sustainability. The company was also awarded the Terra Carta Seal, recognizing its role in driving innovation for sustainable markets.

Schneider Electric participated in the White House Electrification Summit, emphasizing the role of electrification in achieving U.S. climate and equity goals. CTO Scott Harden highlighted investments from the Inflation Reduction Act and the Bipartisan Infrastructure Law as crucial for this transition. The company, headquartered in Boston, operates across 48 states and announced a $100 million investment for a new plant in El Paso, TX. Schneider also leads in microgrid development and has significant partnerships with the U.S. Navy and Veterans Affairs to enhance energy efficiency and modernization.