Magnus Yngen to leave Electrolux to become President and CEO of Husqvarna

Magnus Yngen, Head of Major Appliances Europe, is leaving his position with Electrolux to become President and CEO of Husqvarna, a manufacturer of outdoor power products. Husqvarna was spun-off from Electrolux in 2006 and is now listed on the Stockholm Stock Exchange.

Yngen joined Electrolux in 1995 and joined Group Management in 2002, when he was appointed head of Floor Care and Small Appliances. In 2006, he was appointed head of Major Appliances Europe.

Yngen will start his new position with Husqvarna at the latest on October 1. A search for a new Head of Major Appliances Europe has commenced.