Exact(2)
The appointment comes after G.E. said Thursday that it would combine its lighting and appliance units into a new unit, GE Consumer Products.
The overhaul, which will consolidate Maytag's floor care and major appliance units with its corporate headquarters, follows years of cost-cutting and efforts to turn around Hoover, which has lost profitability and market share as consumers favored cheaper vacuums.
Similar(55)
Shares of Gillette had declined after the company said it would retain its Braun appliance unit.
G.E., for example, has said it wants to sell off its consumer appliance unit.
Whirlpool, which paid $320 million two years ago for its stake in its Mexican joint-venture appliance unit, exports about 35percentt of its products.
The company has said its primary focus now will be to spin off both its consumer appliance unit and the lighting business.
South Korea's LG Electronics and Chinas Haier Group, two of the leading Asian home appliance makers, were named on Wednesday by General Electric Chief Executive Jeffrey Immelt Jeffrey Immelt as potential bidders for its appliance unit.
That's compared to a quarterly profit of KRW 407 billion ($377.48 million) for LG's home entertainment business and a KRW 457.2 billion ($424.04 million) profit for its home appliance unit, which are LG's two stand-out business units.
It sold its appliances unit to Electrolux last year and it has already trimmed its financial portfolio.
The bride, 31, works in Boston as the director of consumer marketing for the North American major appliances unit of Electrolux, the Swedish manufacturer.
The company incurred huge losses in its home appliances unit and its point of sale equipment business, according to Japanese media reports, although its semiconductor business is expected to make a profit.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com