The legal chief of British engineer Invensys is to leave the business in April following the company’s £3.4bn takeover by Schneider Electric.
Due to her senior position on Invensys’ board, legal chief Victoria Hull has to leave her position at the end of the financial year along with her fellow chief executives.
The former Clifford Chance associate joined Invensys in 2000 and now heads a legal team of around 80. Sources say the rest of Invensys legal team are unlikely to be cut.
The company agreed to a takeover by the French engineering firm in July, fielding Freshfields Bruckhaus Deringer for legal advice. The firm’s head of corporate finance Barry O’Brien led a team working on the deal.
Hull told The Lawyer that she is retiring, with plans to split her time between London and South of France.
Schneider’s US-based general counsel Peter Wexley will retain his position.