New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Charlotte, N.C. — Electrolux has named Nolan Pike senior VP and general manager for its North American cooking business.
Pike will join the company on Dec. 2. He will report directly to Jack Truong, Electrolux’s CEO, and he will become a member of the company’s North American leadership team. Previously, Pike worked for Sears as its Kenmore brand VP and general manager.
Pike will replace John Terzo, who is retiring after spending 32 years with Electrolux.
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Stockholm, Sweden — Electrolux said strength in its North American operations couldn’t offset the impact of weak European demand, unfavorable currency fluctuations, and higher marketing and capital investment costs during the third quarter.
The result, the world’s No. 2 majap maker reported, was a 29 percent decline in third-quarter profits to 656 million kronor, on essentially flat sales of 27.3 billion kronor for the three months, ended Sept. 30.
Charlotte, N.C. – Electrolux Major Appliances North America has hired Daren Couture as end-to-end supply chain senior VP.
Couture, who joins the majap maker from Danaher, will oversee the supply chain and nine North American manufacturing facilities, including the newest cooking appliances plant in Memphis.
Stockholm – Electrolux’s North American sales and earnings helped the white goods giant post earnings of 642 million Kronor on sales of 26.7 billion Kronor for the second quarter.
This figure was down slightly from the same period in 2012, but company executives were upbeat for the both the North American and European markets.
Stockholm, Sweden — Electrolux said sizzling first-quarter results in North America were offset by unfavorable exchange rates and weakness in Europe.
Net profits fell 28 percent to 361 million Swedish kronor (SEK) for the three months, ended March 31, while net sales slipped 2.1 percent to 25.3 billion SEK.
Operating income increased 15 percent excluding the 318 million SEK impact of currency fluctuations.
Stockholm, Sweden — Strong operational performance in Electrolux’s North and South American divisions drove a 32 percent increase in fourth-quarter net income, the Swedish majap maker reported.
Companywide profits topped 291 million kronor for the three months, ended Dec. 31, while net sales edged up 3 percent to 29.2 billion kronor.
Charlotte, N.C. — Electrolux said it will donate up to $200,000 to the American Red Cross Disaster Fund to support the victims of Hurricane Sandy.
The manufacturer will donate $100,000 outright and will then match employee contributions up to another $100,000.