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As a former US federal employee, Im a customer of two financial services companies that focus on current and former feds. Within the past couple of months as millions of federal employees have been subject to on-again, off-again layoffs these companies have emailed their customers with essentially the same message.
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Information relating to the financial conditions of the termination of functions of Peter Herweck and appointment of Olivier Blum will be made public according to the applicable regulation and to the recommendations of the corporate governance code AFEP-MEDEF to which Schneider Electric is referring,” the statement added.
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Based on the skyrocketing annual revenues to over $50B in FY24, up from around $36B in FY23, increasing gross margins and free cash flow along the way, and driving EBITDA through the roof, it is clear the company is in solid financial shape, Bickley said. The stock buyback now is a smart business move.
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