Electrolux: new CEO proposed to the Board

(CercleFinance.com) - Electrolux announced on Tuesday that its Nominations Committee had proposed the appointment of Yannick Fierling, its CEO since January 1, to the Board of Directors.


The Swedish household appliance group specifies that his appointment will be put to a shareholder vote at the next Annual General Meeting, scheduled for March 26.

This announcement comes as Yannick Fierling replaced Jonas Samuelson earlier this year, who also expressed his wish to leave the company's Board of Directors.

In addition to Fierling's appointment, shareholders will also be asked to vote on the re-election of Torbjörn Lööf as Chairman of the Board of Directors, and on the extension of the terms of office of Geert Follens, Petra Hedengran, Ulla Litzén, Daniel Nodhäll, Karin Overbeck, David Porter and Michael Rauterkus.

The Group's Board of Directors would thus comprise nine members.

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