Jack Truong, the company’s public face in Charlotte since 2011, has resigned to pursue “other interests,” the company said. Keith McLoughlin, CEO of Sweden-based Electrolux, will act as interim head of Major Appliances North America as the company begins searching for Truong’s replacement. McLoughlin previously held the post from 2003 to 2007.
“What we can say is today’s announcement is around restoring business results and accelerating our plans to ensure the business results are in line with expectations,” McLoughlin told the Observer.
“It’s obviously about making sure we have skills and capabilities in place to close the GE transaction,” he said, referring to the company’s plans to acquire General Electric’s Louisville, Ky.-based home appliance business, a $3.3 billion deal announced last year.
Truong did not immediately respond to a message seeking comment.
McLoughlin on Wednesday reaffirmed the company’s commitment to Charlotte after the GE Appliances deal is complete. Electrolux said it anticipates the deal, which requires signoff from nine countries, will be approved in full this year and will result in $350 million in cost savings.
Read more: Charlotte Observer
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
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2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
