Rueil-Malmaison (France), November 20, 2009 - At the Actionaria investor fair on November 20, Schneider Electric was awarded the 2009 Grand Prix de l'Actionnariat Salarié award by the French Federation of Employee Share Owners (FAS).
The Grand Prix is awarded to the company with the best employee ownership practices among those in the CAC 40 and SBF 250 indexes and, starting this year, among the unlisted companies that have chosen to participate. The winners are selected after examaning a questionnaire sent to all CAC 40 and SBF 250 companies, as well as to unlisted companies that have expressed their interest.
"Schneider Electric is proud to receive this award," said Jean-Pascal Tricoire, President & CEO of Schneider Electric. "It illustrates the efforts we have been making since 1995 to encourage employee ownership, and is a tribute to the close, long-standing relationship we have established with our employee shareholders through regular, informative communication initiatives both in France and abroad."
With their in-depth understanding of Schneider Electric's operations and their commitment to deploying its strategy, employees are key growth drivers and the Group's most important assets. By enabling them to acquire shares, Schneider Electric is allowing employees to benefit from the value created for its shareholders while aligning their interests with those of their employer. In this way, the Group shows its appreciation to its employee shareholders, who are long-term investors.
A total of 4.12% of Schneider Electric SA's capital is held by its employees, representing 5.75% of the voting rights. The Groupe has nearly 30,000 employee shareholders, which corresponds to one-quarter of its global workforce.
Schneider Electric intends to extend the benefits of its employee ownership plan to as many employees as possible in the coming years (except in countries where the practice is prohibited by law).
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 114,000 employees achieved sales of more than 18.3 billion euros in 2008, through an active commitment to help individuals and organisations “Make the most of their energy™”.