Electrolux Names New CEO

Electrolux (ELUXY) named Keith McLoughlin as president and CEO after Hans Stråberg notified the board that he wishes to leave the company.

Sponsored Links
McLoughlin will succeed Stråberg on January 1, 2011, Electrolux said in a statement. McLoughlin is currently in charge of R&D, Manufacturing and Purchasing for Electrolux Major Appliances. He was previously head of Electrolux Major Appliances North America.

"After nine fantastic years as President and CEO, 13 years in Group Management and 27 years in the company, I want to do something new," Stråberg said. "I consider my mission accomplished."

Read Full Story

Markets

DJIA 21,580.07 -31.71 -0.15%
NASDAQ 6,387.75 -2.25 -0.04%
S&P 500 2,472.54 -0.91 -0.04%
NIKKEI 225 19,975.67 -124.08 -0.62%
HANG SENG 26,846.83 140.74 0.53%
DAX 12,190.12 -49.94 -0.41%
USD (per EUR) 1.16 0.00 -0.27%
USD (per CHF) 0.95 0.00 0.13%
JPY (per USD) 110.83 -0.11 -0.10%
GBP (per USD) 1.30 0.00 0.21%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.