Schneider Electric unveils transformation agenda

SCHNEIDER Electric, the global specialist in energy management, has unfolded a repositioning agenda for its operational priorities with the adoption of a new company programme called 'Connect'.The Country President, Marcel Hochet, who made the disclosure in Lagos, said 'our new company programme, code named Connect, is another major step in the consistent deployment of our strategy.'With Connect, we will extend the strong foundation of 'One', our previous company programme, to all our strategic levers-products and solutions; mature and new economies; our people; while continuing to drive efficiency at all levels'.With 'One', Schneider Electric was re-organised into five customer-focused businesses and strengthened its integrated portfolio to establish itself as the global reference in energy management.The group became a leading provider of high value-added solutions and developed great positions in new economies, which respectively represented 37 per cent and 39 per cent of group sales in 2011, a significant jump from 2008.The group emerged from 'One' leaner, simpler and more agile.Under 'One', it simplified its supply chain, reduced the number of its brands and drove operational efficiency.'Connect,' the new three-year plan covering 2012 to 2014, includes four major initiatives, to reach a new high in performance.They are 'Connect to customer,' which will further improve the performance of its business models and be a leader in products and in solutions, 'Connect Everywhere' which will identify key investment areas in new economies, 'Connect People,' to create a culture and environment for development and performance, engage individuals and leaders; and 'Connect for Efficiency' by optimising industrial productivity, supply chain and best-in class planning processes.With 'Connect,' Schneider Electric expects to raise group performance to a new level of excellence by 2014.The management expressed confidence that the company will continue its transformation with Connect and emerge from it leaner, more efficient, and well positioned to respond to customer challenges in a fast-changing world.
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