![]() Now that you’re CFO, and Schneider will have increased large-scale projects in the U.S., what will your role be in the process? I was surprised to see another great example of one of our older operations that has been on a journey of electrification and digitization, and the tangible value they were experiencing in their efficiency and overall quality of operations. During a recent trip to Mexico, I visited our Rojo Gomez plant which was built in 1967. But then also, we use facilities like that as a showcase to customers who don’t understand the value of electrification and digitization, especially to operations. ![]() It’s to ensure that we’re living out our own story to have an electrified and digitized operation both in North America and globally. Why is the company choosing to undertake this effort? Schneider Electric has plans to invest about $46 million in your Lexington, Ky., and Lincoln, Neb., manufacturing plants to digitize operations. And when you present that to a CFO or anyone who understands profitability, it can be a very powerful tool to incentivize them to change. Once we digitize the facility, we can show people how they’re losing money, and how their operation is inefficient. ![]() One of the things I get asked as a CFO in this space is, how do you reconcile the cost to become more sustainable with managing your P&L? When you look at our sustainability business, a lot of the engagements that we take on in our performance contracting business are targeting about 30% energy savings every year for that company’s operation. This interview has been edited and condensed for clarity.įortune: What are some of the cost savings related to the digitization process? I sat down with Dickinson to talk about cost savings, upcoming projects, grappling with digital transformation in finance operations, and his leadership style. He’s now responsible for all financial operations of the approximately 8.2 billion euro (FY ’21) ($7.9 billion) region. Dickinson, based in Dallas, began his career at the company in 2015 and was most recently VP and deputy CFO of NAM operations. Schneider reported Q3 2022 revenues of €8.8 billion (about $8.57 billion), up 12% year over year, energy management was up 12.1%, and industrial automation up 12%.įorty-one-year-old Joshua Dickinson is the new SVP and CFO for Schneider Electric North America (NAM). And to support its software solutions, in September, it announced its intent for a full takeover of the British software company Aveva PLC for $11 billion. For example, the company acquired start-up climate-tech platform Zeigo in January. The company has been reinventing itself from selling electrical products to digitizing and automating the infrastructure of everything from humongous factories to a house on your block.Īt a time when sustainability is top of mind, Schneider positioned itself around energy management. ![]() Over the past 15 years, under CEO Jean-Pascal Tricoire, Schneider acquired automation, energy-efficiency, and electricity brands including Invensys, ASCO, and Andover Controls. Schneider Electric was founded in 1836 in France, and in the 21st century it’s one of the world’s most sustainable companies, now helping Walmart decarbonize its scope 3 emissions.
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