Home
Menu Download Search
Annual Report 2014 Corporate governance report Board of Directors & Auditors Group Management Internal control AGM Events & reports

President and Group Management

President and Group Management

Group Management includes the President, the six business area 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. A formal structure for collaboration throughout the production-creation process between R&D, design and marketing functions, the Innovation Triangle, has been established.

For details regarding members of Group Management, see pages 148-149. The information is updated regularly at the Group’s website; www.electroluxgroup.com.

Major issues addressed by the President and Group ­Management in 2014

  • Electrolux growth strategy.
  • Acquisition of the appliances business of General Electric, one of the premier manufacturers of kitchen and laundry products in the United States.
  • Actions to reduce over-head costs, mainly related to Major Appliances EMEA. 
  • Manufacturing footprint restructuring. 
  • Improving efficiency within production through modularization.
  • More rapid process for new products.
  • Project to improve capital efficiency.
  • Acquisition of Australian-based barbeque business.