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FTSE 100 weighed down by Aveva, aero stocks; BP limits losses


United KingdomFTSE 100 weighed down by Aveva, aero stocks; BP limits losses
ReutersDevik Jain
4 minutes read
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville
London s FTSE 100 inched lower in choppy trading on Tuesday, as a fall in aero stocks and industrial software company Aveva Group following its CEO s exit outweighed gains by BP after an upbeat earnings update.
The blue-chip index (.FTSE) fell 0.1%, with Aveva Group (AVV.L) slipping 5.7% to the bottom of index after its Chief Executive Officer Craig Hayman decided to quit. read more
Aero stocks (.FTNMX502010) also declined with Rolls-Royce (RR.L) being the second-biggest drag on the index. ....

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Aveva CEO Craig Hayman steps down as revenue turns flat


Aveva CEO Craig Hayman steps down as revenue turns flat
British industrial software firm Aveva said on Tuesday its chief executive Craig Hayman had decided to quit.
The company announced that Peter Herweck would be seconded from its major shareholder Schneider Electric as his replacement from 1 May.
Its chairman, Jean-Pascal Tricoire, thanked Hayman for his contribution to the growth of the FTSE 100 firm.
“As a major shareholder, Schneider Electric would like to thank Craig for his contribution to the successful development of Aveva. 
“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.” ....

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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines Aveva annual revenue flat as growth in H2 offset by pandemic hit in H1; CEO to depart


A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

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Investegate |AVEVA Group PLC Announcements | AVEVA Group PLC: Directorate Change


 
AVEVA Group plc ( AVEVA or the Group ), a global leader in engineering and industrial software, announces that CEO, Craig Hayman, has decided to return to the USA for personal reasons and will leave the Group after the AGM in July. His employment will cease at the end of his notice period (31 January 2022).
 
During his three-year tenure, Craig has overseen the successful integration following the combination with the Schneider Electric industrial software business, the progress of the Group to a FTSE50 position, and the completion of the acquisition of OSIsoft. The Board would like to thank Craig for his service as CEO and wish him all the best for the future. ....

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Aveva CEO Craig Hayman quits, Schneider's Herweck to take over


Aveva CEO Craig Hayman quits, Schneider s Herweck to take over
04/27/2021 | 03:23am EDT
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LONDON (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. ....

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