Schneider Electric SE has a new chief executive. It has removed chief executive officer Peter Herweck from the post he has held for 18 months and named Olivier Blum as his successor. The French multinational company specialises in electrical equipment and energy efficiency technologies and has a market capitalisation of around €140bn. Blum was previously the technology and business leader of the largest business of Schneider Electric, the energy management division. “The Board of Directors decided to remove Peter Herweck as Chief Executive Officer due to divergences in the execution of the com…