Organic growth and cost efficiency contributed to earnings. Electrolux operating income amounted to SEK 1.5 billion in the third quarter of 2015, an increase of 8% year-over-year.Read more
Keith McLoughlin, President & CEO of AB Electrolux
Keith McLoughlin was appointed President and CEO of Electrolux on January 1, 2011. He was previously Chief Operating Officer Major Appliances.
McLoughlin joined Electrolux in 2003 and served as head of Major Appliances North America until 2009. Between 2004 and 2007, he also served as head of Major Appliances Latin America.
Prior to joining Electrolux, McLoughlin enjoyed a 22-year career at the DuPont Corporation. From 1981 to 2003, he held several senior management positions at the company, leading consumer-brand businesses such as Tyvek, Corian and Stainmaster. McLoughlin concluded his tenure at DuPont as Vice President and General Manager of DuPont Nonwovens.
He has also served on the board of directors of Briggs & Stratton Corp.since 2007.
Throughout his professional life, McLoughlin has engaged in the tireless pursuit of excellence and innovation. Guided by the belief that people hold the key to success, he embraces a leadership philosophy deeply rooted in a culture of collaboration, transparency, and accountability.
“My education and upbringing placed a high value on working together to achieve a shared goal. Commitment to a common purpose is tremendously important in today’s fiercely competitive marketplace. Everyone in the organization must have a crystal clear understanding of the company’s vision, mission and brand promise,” McLoughlin says.
McLoughlin’s career spans roughly 30 years in the ever-evolving world of consumer durable goods. Despite tremendous technological innovations and increasingly advanced advertising campaigns, he continues to believe that success hinges on the genuine desire to understand and respond to customer needs.
“We operate in a fantastically complex environment, yet the fundamentals haven’t changed,” he adds. “It’s about giving the customer the right product at the right price. It’s about understanding the human impulse. And it’s about showing respect for the planet and its resources. Electrolux has never lost sight of what it means to be a great company and a good corporate citizen.”
Born in Brooklyn, New York, in 1956, McLoughlin earned a Bachelor of Science in Engineering from the United States Military Academy at West Point.McLoughlin likes to ski and is music enthusiast. His favorite pastime, together with his wife, is to watch his son play soccer and his daughter play basketball.
Read more about Keith McLoughlin
Organic growth in all business areas. During the second quarter 2015, Electrolux achieved an organic growth of 7%, to which all six business areas contributed positively. The financial performance in the Group’s largest business...Read more
With reference to recent speculations in Swedish media, Electrolux has issued the following commentRead more
Margins in Europe continue to improve. Results in Major Appliances EMEA continued to strengthen and the EBIT margin improved to 4.3% in the first quarter of 2015 compared to 1.8% ...Read more
Group Management includes the CEO, the six business area heads and five Group staff heads.Read more
Electrolux has published the online edition of the Annual Report and the Sustainability Report for 2014. Announcing a new approach to reinforce Electrolux sustainability leadership, the report highlights 10 key themes where Electrolux can make...Read more
Earnings Continue to Improve. Electrolux’ earnings increased in the fourth quarter of 2014 and the operating income rose by 20 percent to SEK 1,472 million.Read more
At Electrolux capital markets day in Charlotte, North Carolina on November 20 2014, CEO Keith McLoughlin and other senior officers of the company presented a status update on the Group’s strategy as well as...Read more
Continued earnings recovery. In the third quarter of 2014, the Group’s operating income increased by almost 30% to SEK 1.4 billion compared with the same period in 2013, and cash flow after investments improved...Read more
Continued earnings recovery in our major markets. The improvement in our European operations continued in the second quarter and operating income increased significantly over last year.Read more