Petratis Named President/COO of Schneider Electric U.S. Business
Newly Created Post Within $2.7 Billion North American Division
PALATINE, Ill., Dec. 13 /PRNewswire/ -- David D. Petratis, 45, has been appointed to the newly created post of president and chief operating officer for the U.S. business of Schneider Electric, announced Chris C. Richardson, president and chief executive officer of the company's North American Division. (Photo: http://www.newscom.com/cgi-bin/prnh/19990301/CGM046 ) Petratis will be responsible for directing the U.S. business toward goals supporting the Schneider Electric NEW2004 Program objectives, including manufacturing excellence, material productivity, sales productivity, price/market share and cost management. The new position will more closely align the organization of the North American Division with similar Schneider Electric Europe and International Division organizations. Petratis will coordinate the North American Division's U.S. business activities with country managers in Canada and Mexico. U.S. manufacturing, advanced manufacturing, purchasing, quality, engineering, sales and marketing will now report directly to Petratis. U.S. Businesses Drive $2.7 Billion in North American Sales In the U.S., Schneider Electric has 11,000 employees and accounts for the greatest share of $2.7 billion in annual sales by the company's North American Division. Its flagship SQUARE D brand in the U.S. is a market leading brand of electrical distribution and industrial control products, systems and services. Schneider Electric, headquartered in Paris, is a global electrical industry leader with 71,000 employees and operations in 130 countries. The brands of Schneider Electric meet the needs of customers in the residential, buildings, industry, and energy and infrastructure markets. "Dave has a great deal of experience within the electrical industry and Schneider Electric, and we welcome his return from a business partially owned by Schneider Electric, MGE Americas, where he has been president since 1994," Richardson said. Born and raised in Iowa, Petratis joined the SQUARE D Lincoln, Nebraska, circuit breaker manufacturing facility in 1981 after receiving a B.A. degree in industrial management that year from Northern Iowa University in Cedar Falls. Youngest Plant Manager In 1986 he was named the youngest plant manager in the company's history of its Raleigh, N.C. facility. From 1989 to 1993 he managed the SQUARE D plant in Columbia, South Carolina, which was listed as one of America's 25 best plants by Industry Week magazine and was honored as South Carolina's manufacturer of the year in 1991. In 1993, following the 1991 merger of Square D Company with Schneider Electric, Petratis became vice president of operations for EPE Technologies, a manufacturer of uninterruptible power supplies in Costa Mesa, California, partly owned by Schneider Electric. In 1994, Petratis was named president and two years later was a part of the leveraged buyout of EPE by Management and FinancialPartners, resulting in the creation of MGE UPS SYSTEMS. He has been president of MGE Americas since its inception in 1996. Sales grew from $50 million annually in 1993 to $286 million in 2001. Petratis was a 2001 Ernst & Young Entrepreneur of the Year award recipient and is a member of the Costa Mesa, California Chamber of Commerce Hall of Fame. The recipient of an M.B.A. degree in 1998 from Pepperdine University, Malibu, California, he serves on the boards of directors of the University of California Irvine Graduate School of Management, the California State (Fullerton) Quality Advisory Board and Project Independence, a community agency in Costa Mesa, California for the developmentally disabled. Headquartered in Palatine, Ill., the North American Division of Schneider Electric had sales of $2.7 billion in 2001. The North American Division is one of three geographic divisions of Schneider Electric, headquartered in Paris, France, and markets the brands of Schneider Electric in the United States, Canada and Mexico. In the U.S., it is best known by its flagship SQUARE D brand, a market-leading brand of electrical distribution, industrial control and automation products, systems and services. Schneider Electric is a global electrical industry leader with 2001 sales of approximately $8.7 billion. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X93175508
SOURCE Schneider Electric
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