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Electrolux Names New North America CEO

7/05/2011 11:22:29 AM Eastern

Charlotte, N.C. - Electrolux has
tapped a 3M executive, Jack Truong, to succeed Kevin Scott as president/CEO of
Electrolux Major Appliances North America.


Jack Truong

Truong, a 22-year veteran of 3M, most recently
served as VP/general manager of that company's global construction and home-improvement
division. He assumes his new role on Aug. 1, which includes membership on
Electrolux's senior management team as corporate executive VP reporting to
Electrolux president/CEO Keith McLoughlin.

His predecessor, Scott, will leave
after eight years with the company. He joined in 2003 as VP/general manager of
the consumer services group, assumed responsibility for refrigeration in 2006,
and succeeded McLoughlin as chief executive for North America in 2009.

During the most recent quarter ended
March 31 - McLoughlin's first as CEO - net sales rose 1.8 percent in North
America on a a loss of about $11 million.

In a statement, McLoughlin said, "We
are pleased to welcome Jack Truong to Electrolux. At 3M he demonstrated the
ability to accelerate growth by applying innovative technologies and marketing
to meet the ever-changing consumers' needs. His experience and track record
will be crucial in helping to ensure our long-term growth with an intense focus
on strong brands, high-impact new products and cost efficiency -- all of which
are key elements of the Electrolux strategy.

 He continued, "We also want to thank Kevin
Scott for his important contributions to Electrolux. He has strengthened our
business and our team in North America, and has successfully pursued our
efforts to more effectively operate as a single company within the region."

During his time at 3M, Truong held
several senior management positions in the U.S., Europe and Asia. He holds a
Ph.D. in chemical engineering from the Rensselaer Polytechnic Institute in
Troy, N.Y.

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