(IN BRIEF) Michelle Shi-Verdaasdonk is set to return to Electrolux Group as Chief Procurement Officer, bringing a wealth of experience from her time at Dyson and Signify. In her new role, she will help steer Electrolux’s procurement strategy and supply … Read the full press release
(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, News, Sweden
Tagged divestment, Electrolux Group, Jonas Samuelson, Zanussi
(IN BRIEF) Electrolux Group’s second-quarter report reveals a decline in net sales due to weak market demand and consumer shifts to lower price points, resulting in significantly lower volumes. Operating income was impacted by a non-recurring provision related to a … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Anna Ohlsson-Leijon, Asset Divestment, Electrolux Group, Financial, Jonas Samuelson, sales, Therese Friberg
(IN BRIEF) Electrolux has announced that the divestment of its Memphis manufacturing facility in Tennessee, USA, will not be completed as intended. The buyer failed to close the deal, and the company will now seek an alternative buyer. The agreement … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Infrastructure & Utilities, Management, News, Sweden
Tagged deal, divestment, Electrolux Group, manufacturing facility, Memphis, Springfield, Tennessee, USA
(PRESS RELEASE) STOCKHOLM, 16-Sep-2020 — /EuropaWire/ — Electrolux AB (STO: ELUX-B), a global leader in household appliances and appliances for professional use, has announced leadership changes to the Group Managemet. The company has appointed Carsten Franke as new Chief Operations … Read the full press release
Posted in Business, Electronics & Machinery, Management, News, Sweden, Technology
Tagged AB Electrolux, appointment, Carsten Franke, Electrolux Group, Jan Brockmann, Jonas Samuelson, leadership
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