After five years as the leading man, McLoughlin steps down.
Electrolux CEO Keith McLoughlin has resigned from his role, effective February 1, to return to his family in the US. However, he will continue to support the company in the North American market on consultancy basis. Current head of the business area for Europe, Middle East and Africa, Jonas Samuelson (pictured), will replace him.
Samuelson has been with Electrolux for eight years, formerly as the head of Electrolux Global Operations and prior held the role as Group CFO.
In a company statement, McLoughlin said, “With the dedication of the entire Electrolux team, we have strengthened this company by substantially increasing our investments in consumer-led innovation, focusing on profitable growth areas and leveraging the scale of the company through global integration.
“With this strong foundation in place, and having a well prepared internal successor in Jonas, it is now time for me to pass the baton and return to my family in the US.”
Electrolux Board of Directors chairman, Ronnie Leten thanked McLoughlin for his contribution.
”Keith has made significant contributions strengthening the company during his time as CEO. Under his leadership, Electrolux has successfully enhanced its position as an innovative, globally integrated company. His personal integrity, commitment and loyalty to this company have been well appreciated. I enjoy our relationship and I am looking forward to continuing it.”
“The Board is pleased that Jonas Samuelson will take on the role as President and CEO for the Group. His focus will be to continue executing the Electrolux strategy of becoming a truly consumer driven company leveraging our global scale. With his background and proven results, I am certain he is the right next leader for Electrolux,” Leten concluded.