Electrolux CEO McLoughlin to Leave After Collapse of GE DealBy and
CEO replaced by Jonas Samuelson, EMEA major appliances head
Samuelson will focus on cost cutting, product development
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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