Laurent Vernerey

President and CEO

Laurent Vernerey is President and CEO of APC. In 2007, Schneider Electric acquired APC and formed the Critical Power and Cooling Services (CPCS) Business Unit, which includes the APC and MGE UPS Systems brands. The CPCS Business Unit reported revenue of $3.5 billion in 2007 and employs 12,000 people worldwide. Schneider Electric, with 112,000 employees and operations in 190 countries, had 2007 annual sales of $25 billion (€17.3 billion).

From July 2003 until taking the lead of APC and the Critical Power and Cooling Services business unit in February 2007, Laurent served as Managing Director of Schneider Electric's Pacific Zone. Laurent took this role after three years with Schneider Electric's parent company in France, most recently as Senior Vice President, Manufacturing and Logistics. Prior to this position, he was Vice President, Low Voltage Power Activity (ABT).

Laurent has been associated with Schneider Electric and its products since 1985, when he joined the firm through its acquisition of Telemecanique. Later, he held positions at several key Schneider Electric businesses including Merlin Gerin and Square D USA. His experience encompasses a wide range of senior management responsibilities in fields including information systems, distribution, administration, sales, purchasing, customer service and manufacturing.

Before joining Schneider Electric, Laurent worked with IBM France as a Sales Engineer and he spent three years at Schneider Electric in France as Director, Information Systems. He then moved to Square D where he worked for six years, holding several senior management positions including Plant Manager.

Laurent holds a BS with a double major in Finance and Marketing, from Ecole Superieure de Commerce in Dijon, and an MBA from Duke University, USA. He speaks four languages including French and English.