Schneider Maintains Hold on New Russian Orders - Modern Distribution Management

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Schneider Maintains Hold on New Russian Orders

The company says it will keep on hold new investments as well as the ‘international delivery of new project orders destined to Russia and Belarus.’
The company says it has selected Robert (Bobby) Cain as Chief Information Officer for its North America region.

Schneider Electric says it will continue to put on hold new investments and international delivery of “new project orders destined to Russia and Belarus.”

The company initiated the policy Feb. 24 in response to the conflict in Ukraine.

“Our priority at Schneider Electric remains the safety of our people and their families,” the company said in a statement. “Schneider Electric is supporting its Ukrainian employees by ensuring their financial security and providing temporary housing for their families. Our employees from around the world are also supporting this initiative, helping their colleagues in need through donations. Additionally, the Schneider Electric Foundation is supporting its NGO partner ‘SOS Attitude’ to set up a refugee camp in Moldavia.”

The company further stated, “We are doing so while we implement all applicable sanctions and regulations that are imposed in the various jurisdictions where we operate. We are also doing so while remaining committed to our Russian employees.

“Ensuring our employees and their families are in peaceful places, to live and work, is our focus today – prioritizing long-term stability and safety.”

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