Menu Download Search
Annual Report 2016 Corporate governance report Board of Directors and Auditors Group Management Internal control AGM Events and reports

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 seven different nationalities. 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 has for example been established.

Changes in Group management during 2016 and 2017

Jonas Samuelson was appointed President and Chief Executive Officer as from February 1, 2016. He succeeded Keith McLoughlin who retired from the company.

Daniel Arler succeeded Jonas Samuelson in his role as Head of Major Appliances Europe, Middle East and Africa as from February 1, 2016. Alan Shaw was appointed Head of Major North America as from February 1, 2016.

Anna Ohlsson-Leijon was appointed Chief Financial Officer as from April 1, 2016. She succeeded Tomas ­Eliasson who left the Group. Ola Nilsson was appointed Head of Small Appliances as from April 1, 2016. He succeeded ­Henrik Bergström.

Ruy Hirschheimer left the company on October 1, 2016. Ricardo Cons was appointed Interim Head of Major ­Appliances Latin Americas as from October 1, 2016 and as from February 1, 2017 he was appointed Head of Major ­Appliances Latin Americas.

Mikael Östman was appointed General Counsel as from January 1, 2017. He succeded Cecilia Vieweg who retired from the company. 

For details regarding members of Group Management, see pages 154—155
The information is updated regularly at the Group’s website; www.electroluxgroup.com.

Major issues addressed by the President and Group ­Management in 2016

  • Electrolux business model for profitable growth.
  • Appointment of new Group management members.
  • Focus on experience based innovation areas to provide Best-in-class consumer experience.
  • Program to improve quality and the ownership experience for consumers.
  • Improving efficiency within production through modularization, automation and digitalization.
  • Digitalization for continuous interaction with customers such as connected appliances and digital commerce.
  • Agreement to acquire Kwikot Group, a leading water heater company in South Africa , and acquisition of the Vintec business, a wine cabinet business based in Asia Pacific.
  • Measures to restore profitability for Small Appliances, including active product portfolio management and exiting unprofitable product categories. 
  • Divestment of the North American vacuum cleaner brand Eureka and most of the assets releated to the brand.
  • Improving efficiency within production in North America.
  • Actions to structurally reduce costs in Latin America to adapt to the weak market situation.