Electrolux News

On 1 October 2024, Paolo Faraldi joined CAREL as the new 'Group Chief Technology Officer'. This strategic appointment reflects the Group’s commitment to strengthening the scope and development of its technical areas, with the aim of increasing the integration and coordination of its technological processes. Paolo Faraldi brings to the Group more than 20 years’ experience acquired at major international companies, such as Fiat, Indesit, Philips, and Electrolux, both in Italy and abro...

The members of the Nomination Committee for AB Electrolux Annual General Meeting in 2025 have now been appointed. In accordance with decision by the Annual General Meeting, AB Electrolux Nomination Committee shall consist of five members. The Nomination Committee shall include members selected by each of the four largest shareholders in terms of voting rights that wish to participate in the committee, together with the Chairman of the AB Electrolux Board. Proposal regarding amendments The mem...

Electrolux Group has appointed Ann-Sofi Jönsson as Head of Investor Relations and Sustainability Reporting as from latest February 10, 2025. Ann-Sofi Jönsson is currently Head of Investor Relations, Group Risk Management and Sustainability at Munters Group AB, and has previously held similar positions within Saab, ABB AG, Accenture AG and Siemens Building Technologies. She will report to Therese Friberg, Chief Financial Officer of Electrolux Group.

The Board of Directors of AB Electrolux has appointed Yannick Fierling as the new President and CEO of Electrolux Group effective January 1, 2025. Yannick Fierling succeeds Jonas Samuelson, who earlier this year informed the Board that he would leave his position by the end of the year. Yannick Fierling has more than 20 years of experience in the household appliances industry, most recently as CEO of Europe for Haier Corporation during the years 2015 to 2024. Between 2000 and 2015, he...

Marcone announced expanded offerings in its Tulsa and Oklahoma City locations, representing the company’s growth as one of North America’s largest distributors of appliance, HVAC, commercial kitchen, plumbing and pool/spa equipment, repair parts, and solutions. As a Marcone business unit, O’Connor Company added inventory in those locations to include appliance parts and plans to soon bring in plumbing products, in addition to their existing HVAC solutions. The move allows cust...

Current announces the appointment of Shannon Thomas as the new Vice President of Marketing. She brings a wealth of expertise and a visionary approach to help drive the company's strategic growth. "With a strong background in product commercialization and a perspective that sets her apart in the lighting industry, Shannon brings unique talent to the table," said Current Chief Commercial Officer, Chip Taylor, adding "Her experience leading and building marketing teams will play a vital role in sh...

The Swedish heat pump company - Qvantum has recently acquired Electrolux Group's state-of-the-art manufacturing facility in Nyíregyháza, Hungary.  The appliance industry has long been recognized as a benchmark in terms of Operational Excellence and represents a model for the heat pump industry. Through the acquisition, Qvantum has access to superior mass production technology and know-how to accelerate its growth journey. Federico Rosales As of March 6th, Federico Rosales w...

At a ceremony at the London Hilton Metropole for the H&V News Awards, Qvantum was presented with the award for Domestic Heating Product of the Year – Boilers, Heat Pumps, and Emitters, overcoming significant competition from other products by Tesla, NIBE Energy Systems, Daikin, Navien and others.   H&V News Awards For nearly 30 years, the H&V News Awards has been recognizing and celebrating the most innovative and customer-focused products of the year, gaining a reputati...

The fast-growing heat pump systems and technology company Qvantum announces its third strategic acquisition: Electrolux Group’s high-tech refrigerator manufacturing facility in Nyíregyháza, Hungary, at a transaction value of EUR 38 million. state-of-the-art factory site With the acquisition of the land, building, and certain production equipment, Qvantum assumes ownership not only of a state-of-the-art factory site but also of cutting-edge production equipment, which will e...

Global appliance company Electrolux Group, under its premium brand AEG is showcasing, for the first time, its most resource-efficient models at IFA 2023: the AEG EcoLine. AEG EcoLine AEG EcoLine is a dedicated selection, presented in-store and online, of the company’s most resource-efficient appliances covering all major product categories and aimed at helping consumers reduce climate impact while providing high-quality performance.  The sustainable selection of appliances...

Electrolux Group is three years ahead of plan. In 2018, the company was among the first 100 companies to set its global science-based climate target and is now one of the first to meet it. This is just one of the highlights from the Electrolux Group Sustainability Report 2022. Electrolux Group has reduced its absolute scope 1 and 2 greenhouse gas emissions (direct and indirect in operations) by 82%, compared to 2015 – going beyond its 2025 target of 80%. Electrolux Group Sustainability R...

Electrolux has agreed to divest its manufacturing facility in Memphis, Tennessee, USA, including certain equipment, for a cash consideration of USD 82.5m (approx. SEK 930m). Completion of the transaction is contingent on various factors. The agreed purchase price is USD 82.5m (approx. SEK 930m). The approximate gain of USD 65.8m (approx. SEK 740m) will be recorded as a non-recurring item, positively impacting the operating income in the business area of North America, in connection with the clo...

Electrolux announces a plan to replace all high-impact greenhouse gases in all of its appliances by 2023 at the latest, as part of its commitments to the United Nations global Cool Coalition initiative. The plan, which helps Electrolux deliver on its objective to significantly reduce its climate footprint over the coming decades, is one of the actions taken under the company's Better Living Program. As global temperatures rise, the transformation of cooling technology will make a big contributi...