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In Good Company with Nicolai Tangen

Jean-Pascal Tricoire CEO and Chairman of Schneider Electric

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8 • 186 Ratings

🗓️ 1 March 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Nicolai Tangen talks to Jean-Pascal Tricoire, CEO and Chairman of Schneider Electric, the world’s largest maker of electrical equipment. The group born out of the industrial revolution is now undergoing a 15-year transformation to a sustainable and digital age. Nicolai and Jean-Pascal discuss this transformation along with geopolitical challenges, doing business in China and India and new trends in digitization and decarbonization.

 

The production team on this episode were PLAN-B’s Nikolai Ovenberg and Niklas Figenschau Johansen. Background research were done by Sigurd Brekke with input from portfolio manager Martin Prozesky.


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Transcript

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0:00.0

Hi everyone and welcome to our podcast in Good Company. I'm Nicola Tangen, the CEO of the Norwegian Subman Wealth Fund.

0:07.9

In these podcasts, I talk to the leaders of some of the largest companies we are invested in so that you can learn what we own and also meet these impressive leaders.

0:15.6

Today, I'm speaking to Jean-Pascarlle Trichauer, the CEO and chairman of Schneider Electric.

0:20.7

Schneider was established 186 years ago and is now the frontrunner in the transformation

0:25.4

to sustainable and digital age.

0:27.5

They are truly a global company with 128,000 employees in 100 countries.

0:31.9

We own over 2% of Schneider, translating into almost 20 billion crowner or 2 billion US

0:36.9

dollars.

0:37.5

Jean-Pascal also speaks four languages, including Mandarin.

0:40.4

He's a super interesting guy, one of the most impressive CEOs in Europe.

0:43.9

Stay tuned.

0:59.7

So, Jean-Pascall, you were once a humble farmer boy from rural France.

1:04.6

And now you have made Schneider Electric into the global leader in digital transformation and taking the company to every corner of the globe.

1:07.9

So did you always want to explore the world?

1:10.8

Yes, I did, but I still like my

1:13.1

origins in rural France. I hope I keep from that a sense of community, some common sense being

1:19.5

grounded, really, and I still have a strong passion for nature and sustainability. This has been even reinforced by my passion sport, which is whitewater kayaking.

1:33.3

But then, you know, I wanted to discover the world, and after 20 years I went to discover the world,

1:38.3

and I think I've caught up quite a lot since then, because I've been probably traveling to more than 100 countries.

1:50.0

Is there something French about being an explorer? The funny thing is that every time I go to the top of some kind of mountain, there is always some kind of French dude standing there already.

1:53.9

Right. That's coming from Viking, I guess, in terms of history. And you know what? In my part of France, there was a camp of people coming to visit us from your part of the world.

2:08.7

So I don't know.

...

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