Comment to articles in Swedish media about Electrolux President & CEO
With reference to recent speculations in Swedish media, Electrolux has issued the following comment
We can confirm that Keith McLoughlin has not resigned as Electrolux President & CEO. It is normal practice that well-run public companies conduct succession planning. As previously communicated on April 8 this year, Electrolux is searching for a new head of its business area Major Appliances North America. In addition to his role as President & CEO, Keith McLoughlin currently holds interim responsibility also for the North American operations.
For further information, please contact:
Electrolux Investor Relations, 46 8 738 60 87
Electrolux Press Hotline, 46 8 657 65 07.
Electrolux is a global leader in home appliances, based on deep consumer insight and developed in close collaboration with professional users. We offer thoughtfully designed, innovative solutions for households and businesses, with products such as refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small domestic appliances. Under esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine, the Group sells more than 50 million products to customers in more than 150 markets every year. In 2014, Electrolux had sales of SEK 112 billion and 60,000 employees. For more information go to www.electroluxgroup.com.