Former LG Australia general manager of sales, Michael Doyle (pictured), has moved over to competitor Electrolux Australia to fill the position of director of sales, after it was left vacant when Mike Putt took the reins as managing director earlier this year. Doyle’s new role is effective January 4 2016.
A status hearing has been set for September 29 for the proposed $3.3 billion merge deal between General Electric Appliance (GE) and Electrolux, and the case is scheduled to go to trial on November 9, according to reports. Electrolux believes the antitrust suit from the U.S. Department of Justice (DOJ) is based on a flawed analysis of the global appliance industry, particularly in the U.S.
For the ninth consecutive year, Electrolux has been named Industry Leader in the Household Durables category in the Dow Jones Sustainability World Index. In this annual assessment, published by RobecoSAM, Electrolux demonstrated improvements in the areas of product stewardship, corporate citizenship and human/labour rights.
General Electric Corporation is investing US$100million in the launch a new topload washing machine as it waits to sell its US$3.3billion business to Electrolux AB. Global analysts are suggesting that this may be a sign that it is losing confidence that the sale will proceed.
At an exclusive gala event at Salt Meats Cheese in Sydney’s eastern suburbs on Monday night, the Electrolux Appetite for Excellence 2015 winners were named. This year marked the tenth anniversary of the program, which continues to attract the highest profile members of the food industry each year to celebrate young talent and the future of the industry.
Electrolux and its President and CEO Keith McLoughlin, have drawn their line in the sand, stating that the European appliance giant will vigorously contest the move by US Justice Department (DOJ) to oppose its aquisition of GE Appliances for US$3.3 billion.