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Electronics Production |
Electrolux: 'No, we do not need a new CEO.'
After several Swedish media reported that white goods manufacturer is looking for a new CEO, Electrolux denied the rumours and issued the following statement.
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."
