WHIRLPOOL CORPORATION (NYSE:WHR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
that Jeff M. Fettig, 60, Chairman and Chief Executive Officer,
will step down as Chief Executive Officer, effective September
30, 2017. Mr. Fettig, who was first elected Chief Executive
Officer in 2004, will remain an employee of the Company and
Chairman of its Board of Directors.
has elected Marc R. Bitzer, 52, the Companys President and Chief
Operating Officer, to succeed Mr. Fettig as Chief Executive
Officer, effective October 1, 2017 (the Effective Date). Mr.
Bitzer will continue to serve as President of the Company and as
a member of its Board of Directors. Since joining Whirlpool
Europe as Vice President, Bauknecht brand group in 1999, Mr.
Bitzer has held positions of increasing responsibility with the
Company, including Senior Vice President of Marketing Sales and
Services for Whirlpool Europe from 2000; President of Whirlpool
Europe from 2006; Executive Vice President and President of
Whirlpool North America from 2009; Vice Chairman of the Company
from 2014 with responsibility for Whirlpool North America and
Whirlpool Europe, Middle East and Africa; and President and Chief
Operating Officer from 2015.
the transition after determination by the Human Resources
Committee of the Board of Directors.
copy of which is furnished as Exhibit 99.1 to this Form 8-K.
Exhibit 99.1 shall not be deemed filed for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the Exchange
Act), or otherwise subject to the liabilities under that Section
and shall not be deemed to be incorporated by reference into any
filing of the Company under the Securities Act of 1933, as
amended, or the Exchange Act.
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99.1
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Press Release dated June 20, 2017
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WHIRLPOOL CORP /DE/ ExhibitEX-99.1 2 pressrelease6202017.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1June 20,…To view the full exhibit click here About WHIRLPOOL CORPORATION (NYSE:WHR)
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems. In the United States, it market and distribute products primarily under the Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Roper, Admiral, Affresh and Gladiator brand names primarily to retailers, distributors and builders.