Electrolux CEO McLoughlin to Leave After Collapse of GE Deal

Updated on
  • CEO replaced by Jonas Samuelson, EMEA major appliances head
  • Samuelson will focus on cost cutting, product development

Electrolux AB CEO Keith McLoughlin. Photographer: Chris Ratcliffe/Bloomberg

Electrolux AB said Chief Executive Officer Keith McLoughlin will step down in favor of Jonas Samuelson after the Swedish manufacturer failed to land a $3.3 billion deal to buy General Electric Co.’s household goods business following a 15-month pursuit.

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