Haier America Announces Change in Executive Leadership

Haier America Announces Change in Executive Leadership

Adrian Micu Appointed President & CEO as Shariff Kan Steps Down, Effective
February 10, 2014

NEW YORK, Jan. 23, 2014 (GLOBE NEWSWIRE) -- Haier America today announced that
Shariff Kan, President and Chief Executive Officer (CEO) has stepped down and
will be replaced by Adrian Micu, effective February 10, 2014.

Under Mr. Kan's leadership, Haier America evolved from a trading operation in
its early days to a respected supplier of home appliance and consumer
electronics in North America. His management proved instrumental during
Haier's initial entrance into the United States, playing a pivotal role in
establishing partnerships with some of the largest national and regional
retailers in the country. His many contributions to Haier America are greatly

Mr. Micu comes to Haier with over twenty-five years of executive level
engineering, technology and product development experience within the
appliance industry. Most recently, he held the position of Vice President of
Engineering with Whirlpool Corporation. As Haier America looks towards the
future, the Company recognizes the enormous opportunities that exist to engage
and interact with customers and end users, expand market share and product
portfolio, and increase revenue and profitability. Mr. Micu's demonstrated
ability to accelerate growth by applying innovative technologies coupled with
his proven track record of successfully executing new product introductions,
make him the ideal executive to lead Haier through this journey.

"I am honored for the opportunity to lead such a promising company into the
next phase of their evolution," said Mr. Micu. "I look forward to developing
the Haier brand into a household name in appliances and electronics, advance
the momentum that our team has created over the past few years and help the
organization capitalize on Haier's overall strengths to achieve its full
potential in the Americas."

About Haier

Haier America is a division of the multinational Haier Group, a global leader
in home appliances and consumer electronics. Haier employs more than 70,000
people around the world and distributes products in more than 100 countries
and regions with global revenues reaching $29.5 billion in 2013. Haier is a
proud supporter of the National Parks Conservation Association and Food Bank
for New York City. For more information, please visit www.haier.com. You can
also become a Fan of Haier America on www.facebook.com/Haieramerica or follow
Haier America via Twitter @haieramerica.

CONTACT: Media Contact:
         James Liess, Haier America Public Relations
         212-594-3330 ext.2006

Haier Logo
Press spacebar to pause and continue. Press esc to stop.