Annual Report 2013

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President and Group Management

Group Management includes the President, the six sector heads and five group staff heads. The President is appointed by and receives instructions from the Board. The President, in turn, appoints other members of Group Management and is respon­sible for the ongoing management of the Group in accordance with the Board’s guidelines and instructions. Group Management holds monthly meetings to review the previous month’s results, to update forecasts and plans and to discuss strategic issues.

A diversified management team

The Electrolux management team, with its extensive expertise, diverse cultural backgrounds and experiences from various markets in the world, forms an excellent platform for pursuing profitable growth in accordance with the Group’s strategy. ­Electrolux Group Management represents six different nationalities and the majority of the members have worked on at least two continents.

Furthermore, most of them have previous experience of ­predominantly multinational consumer goods companies in ­various sectors.

A dynamic management team with in-depth knowledge of the conditions in the various markets is crucial to drive profitable growth. In recent years, a number of major initiatives have been launched aimed at better leveraging the unique, global position of Electrolux. In several areas, global and cross-border organizations have been established to, for example, increase the pace of innovation in product development, reduce complexity in manufacturing and optimize purchasing. The Innovation Triangle is since 2011 a formal structure for collaboration throughout the production-creation process between R&D, design and marketing functions.

For details regarding members of Group Management, see pages 160–161. The information is updated regularly at the Group’s website; www.electrolux.com/group-management.

Major issues addressed by the President and Group ­Management in 2013

  • Electrolux growth strategy.
  • Optimizing of the manufacturing footprint.
  • Accelerating efforts to capitalize on the Group’s global strength and scope.
  • Launch of a full range of kitchen and laundry appliances exclusively designed for the Chinese market.
  • Leveraging professional competencies to the consumer ­products offering.
  • More rapid process for new products.
  • Project to improve capital efficiency.
  • Activities to improve Electrolux environmental performance.
  • Strenghtening of the Electrolux corporate culture.
  • Continued focus on roll-out of global ethics ­program, encompassing both training and a whistleblowing system.
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