BENTON HARBOR, Mich.,
June 22, 2016 /PRNewswire/
-- Whirlpool Corporation (NYSE: WHR) announced today that
Larry Venturelli, Executive Vice
President and Chief Financial Officer plans to retire from the
company in early 2017 after 15 years of service to the company. As
part of the planned transition, Venturelli will remain in his
current capacity until August 1,
2016, at which time Jim
Peters, currently vice president, corporate controller, and
chief accounting officer, will succeed Venturelli as executive vice
president and chief financial officer of Whirlpool Corporation.
"Larry Venturelli is a valued and
respected leader at Whirlpool Corporation," said Jeff M. Fettig, Whirlpool Corporation Chairman
and CEO. "During his long tenure at Whirlpool, Larry has played an
integral role in helping to expand the company's global reach
through the successful acquisitions of Indesit in Europe and Hefei
Sanyo in China. Under his
leadership, the organization continued to attract and develop a
team of great financial talent, delivering strong financial
controls and reporting systems as our sales have grown in every
market around the world. Following this planned
transition and retirement, he is embarking on a second stage of his
career serving on outside boards and spending more time with his
family."
"As I make plans to transition from the company early next year,
let me just say it has been an honor and privilege to contribute to
Whirlpool's long history of success. This is a great company
comprised of special people and I am deeply grateful to the many
colleagues who have helped make the past 15 years memorable and
fulfilling," said Venturelli.
"Jim Peters' global experience
and strong financial acumen position him well for his new role,"
said Fettig. "His knowledge of our industry and deep experience in
our business will help him to contribute to our global growth
strategy."
Jim Peters was appointed vice
president, corporate controller, and chief accounting officer in
early 2015 previously having served Vice President, CFO of
Whirlpool Corporation's North American Region since 2010. As CFO
for an organization of over 300 people, Peters was responsible for
financial reporting and internal controls as well as delivering the
overall North American business results. He also oversaw all
regional operational/strategic planning, budgeting, and forecasting
activities. Peters joined Whirlpool in 2004, holding director
positions in various departments until he was appointed as vice
president and CFO of Whirlpool EMEA (Europe, Middle
East, and Africa) region in
2008. Prior to joining the company, he was a Manager of Internal
Audit for Limited Brands and a Consulting Manager at Ernst &
Young. Jim received his Bachelor's in Accounting and Business
Administration at the University of
Kansas and earned a Masters in Business Administration in
Finance at Indiana University.
Venturelli was named executive vice president and chief
financial officer as well as a member of the Whirlpool Executive
Committee in January 2012.
About Whirlpool Corporation
Whirlpool Corporation
(NYSE: WHR) is the number one major appliance manufacturer in the
world, with approximately $21 billion
in annual sales, 97,000 employees and 70 manufacturing and
technology research centers throughout the world in 2015. The
company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp,
Amana, Bauknecht, Jenn-Air, Indesit and other major brand names in
more than 170 countries. Additional information about the company
can be found at whirlpoolcorp.com.
Photo - http://photos.prnewswire.com/prnh/20160622/382495
Photo - http://photos.prnewswire.com/prnh/20160622/382496
Logo - http://photos.prnewswire.com/prnh/20040202/DETU004LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/whirlpool-corporation-cfo-larry-venturelli-to-retire-jim-peters-named-successor-in-planned-transition-300288931.html
SOURCE Whirlpool Corporation