(Adds details, quotes)
LONDON, April 27 (Reuters) - Aveva Group said on
Tuesday its chief executive Craig Hayman had decided to quit and
Peter Herweck would be seconded from its majority shareholder
Schneider Electric as his replacement from May 1.
Hayman was leaving for personal reasons to return to the
United States, the industrial software company said, as it also
said year-on-year organic revenue for the year to end-March,
would be flat.
Schneider Electric, which holds a 60% stake in Aveva after
it merged its industrial software business with the UK company
in 2018, said Hayman's departure did not signal any change in
its strategy.
"We remain as committed as ever to Aveva's independence and
model of operation, and look forward to supporting Aveva's
continued value creation journey, especially through its merger
with OSIsoft," said Jean-Pascal Tricoire, chairman and CEO of
Schneider Electric.
Aveva said it was hit by disruption related to the COVID-19
crisis during the first half of its 2020-21 financial year, but
recorded double-digit revenue growth during the second half.
The company, which completed the acquisition of OSIsoft on
19 March, said the top-line outcome for the year was in line
with its plans.
(Reporting by Paul Sandle; Editing by Alistair Smout and Kate
Holton)
