Benoît Coquart

Benoît Coquart has led Legrand as CEO since 2018, overseeing a French company that is the global leader in electrical and digital building infrastructure. Legrand's product portfolio is vast: wiring devices (switches, sockets, dimmers), cable management systems, power distribution units, lighting control, structured cabling, and data center infrastructure. The company's products are found in virtually every type of building — residential, commercial, industrial, and institutional — across more than 180 countries. Legrand's competitive advantage lies in its combination of global scale, local adaptation (electrical standards vary significantly by country), and a relentless acquisition strategy. The company has completed over 200 acquisitions since the 1990s, systematically adding complementary products, geographies, and capabilities. This "buy and improve" model has been executed with remarkable discipline, maintaining high margins while expanding the product portfolio. One of the most exciting growth areas for Legrand is data center infrastructure — the company provides power distribution, cooling management, and cable management solutions for data centers, a market experiencing explosive growth driven by cloud computing and AI. Key stock drivers include construction activity in key markets (France, Italy, USA), data center infrastructure demand, electrical renovation rates, building energy efficiency regulations, acquisition pipeline, and the company's ability to maintain its industry-leading 20%+ operating margins.