Aveva CEO Craig Hayman leaves

  • Push-out Score determined
  • After about three years in the position
  • Praise, thanks and good wishes for Hayman
  • Peter Herweck taking over

(exechange) — Cambridge, United Kingdom, April 27, 2021 — Craig Hayman, chief executive of Aveva, leaves. As announced by Aveva Group Plc in a news release on Tuesday, April 27, 2021, Craig Hayman leaves his post as chief executive officer at the industrial software company after about three years in the role, effective May 1, 2021.

Craig Hayman’s duties as CEO will be taken over by Peter Herweck, most recently Executive Vice President, Industrial Automation at Schneider Electric.

“Personal reasons”

Craig Hayman’s departure from the CEO post is explained as follows. Aveva said: “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).”

Precise information regarding Craig Hayman’s future plans was not immediately available.

Share price increase since February 2018

The announcement follows an increase in Aveva Group Plc’s share price of 63% since February 2018. February 2018 is the month in which Hayman’s tenure as CEO began.

Chaired by Philip Aiken

Philip Aiken serves as Aveva Group Plc’s Chairman.

In the position of CEO since 2018

Craig Hayman became CEO of the Company in 2018.

Craig Hayman joined Aveva in February 2018 as Chief Executive Officer.

Under his leadership, Aveva has achieved transformational growth delivered through strong operating performance and the successful integration of the heritage Aveva Group with the Schneider Electric industrial software business, and the planned 2021 acquisition of OSIsoft, a world-leading data platform with the leader in industrial software.

Prior to joining Aveva, Hayman was Chief Operating Officer at PTC, where he returned the digital engineering business to growth and introduced a new generation of Industry 4.0-connected manufacturing applications.

At eBay, Hayman served as President eBay enterprise, executing the strategic assessment of its enterprise business resulting in a 5x improvement in bookings, increased its competitiveness and increased its value which was recognized through its sale to private equity.

At IBM, Hayman served more than 15 years in senior leadership positions and created IBM’s SaaS business which grew to $2B across 170 countries, and initiated 18 high performing acquisitions.

He holds a BSc in Computer Science and Electronics from the University of London.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Craig Hayman’s move on a scale of 0 to 10.

exechange reached out to Aveva and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 18.2021 ($).