BENTON HARBOR, Mich.,
Dec. 9, 2014 /PRNewswire/
-- Today, Marc Bitzer, Vice
Chairman of Whirlpool Corporation (NYSE: WHR), announced global
leadership changes related to Whirlpool's acquisition of Indesit
Company and upcoming integration activities within the Whirlpool
Europe, Middle East and
Africa (EMEA) region.
Esther Berrozpe, President of Whirlpool EMEA, will assume
leadership of the company's integrated European business, effective
January 1, 2015. In this role,
Berrozpe will be responsible for the combined operations of
Whirlpool and Indesit.
"As a newly-combined company, the importance of having a unified
leadership team will be central to the success of Whirlpool EMEA
going forward," Bitzer said. "This marks an important milestone as
we position our European business for growth and ongoing value
creation throughout the upcoming integration process and as we
focus on product innovation, margin expansion, and delivering on
our commitments to consumers within the region."
Marco Milani has announced his
plans to step down from his position as Indesit Chief Executive
Officer effective December 31,
2014.
Following a recent mandatory tender offer and purchase of the
remaining Indesit shares by Whirlpool Italia S.r.l, a wholly-owned
subsidiary of Whirlpool, Indesit was delisted from the Italian
stock exchange on December 3, 2014
and is now a wholly-owned subsidiary of Whirlpool.
As previously announced, Whirlpool Italia completed its
acquisition of a majority interest in Indesit on October 14, 2014.
About Whirlpool Corporation
Whirlpool Corporation is
the world's leading global manufacturer and marketer of major home
appliances, with annual sales of approximately $19 billion in 2013, 69,000 employees and 59
manufacturing and technology research centers around the world. The
company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana,
Brastemp, Consul, Bauknecht and other major brand names.
Additional information about the company can be found at
http://www.whirlpoolcorp.com.
Whirlpool Additional Information
Certain statements in
this press release relating to the company's expectations for
global leadership changes and company integration constitute
"forward-looking statements" within the meaning of the U.S. federal
securities laws. These statements reflect management's current
expectations regarding future events and speak only as of the date
of this press release. Forward-looking statements involve
significant risks and uncertainties, should not be read as
guarantees of future performance and will not necessarily be
accurate indications of whether or not, or the times at or by
which, events will occur. Actual performance may differ materially
from that expressed or implied in such statements. These statements
rely on assumptions which may or may not be realized. Reference
should be made to the factors discussed under "Risk Factors" set
forth in Whirlpool's periodic reports filed with the U.S.
Securities and Exchange Commission.
Logo -
http://photos.prnewswire.com/prnh/20040202/DETU004LOGO
Photo - http://photos.prnewswire.com/prnh/20141209/163179
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/whirlpool-announces-leadership-changes-in-emea-region-300006834.html
SOURCE Whirlpool Corporation