Electrolux CEO Faces Career-Defining Battle to Salvage GE Deal
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Keith McLoughlin received his education from America’s military academy at West Point. The Electrolux AB chief must now display his battle acumen after a U.S. lawsuit threw his $3.3 billion takeover of General Electric Co.’s appliance unit and his own job into doubt.
Brooklyn-born McLoughlin, 58, became the first non-Swede to run the maker of the Frigidaire brand in 2011, after distinguishing himself as head of its North American business by growing sales in a difficult market. Thursday he promised to salvage the GE acquisition by the end of the year, having said it would lay the foundation for more deals and to better compete with market leader Whirlpool Corp.