February 1, 2018 / 1:19 PM / 3 months ago

Britain's Aveva Group appoints Craig Hayman as CEO

Feb 1 (Reuters) - Britain’s Aveva Group, which has agreed to a tie-up with France’s Schneider Electric, on Thursday appointed Craig Hayman as chief executive officer effective from Feb. 19.

Hayman will join from U.S. computer software firm PTC Inc , taking over from James Kidd, who will move to become deputy CEO and chief financial officer of Aveva.

Schneider Electric will take a 60 percent stake in an enlarged industrial software business with Aveva worth about 3 billion pounds ($4.27 billion).

$1 = 0.7030 pounds Reporting by Noor Zainab Hussain in Bengaluru; editing by Jason Neely

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