- A new organization headed by Keith McLoughlin has been created in order to fully take advantage of the Group’s global presence and economies of scale within the areas of research & development, purchasing and manufacturing within Major Appliances.
- Two new members of Group Management has been appointed: Kevin Scott, Head of Major Appliances North America, and Alberto Zanata, Head of Professional Products.
- Electrolux has applied for delisting from the London Stock Exchange. The delisting will occur during the first quarter of 2010.
The Electrolux Group is comprised of approximately 160 companies with operations in over 50 countries. The parent company of the Group is AB Electrolux, a public Swedish limited liability company. The company’s shares are listed on NASDAQ OMX Stockholm.
The governance of Electrolux is based on the Swedish Companies Act, the rule book for issuers at NASDAQ and the Swedish Code of Corporate Governance (the “Code”), as well as other relevant Swedish and foreign laws and regulations.
This corporate governance report has been drawn up as a part of Electrolux application of the Code. The report has not been audited by the Group’s external auditors. Electrolux does not report any deviations from the Code in 2009.