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AB Electrolux (publ) (ELUXY)
- Reuters
UPDATE 2-Electrolux Q1 loss nearly triples on weak demand but beats expectations
Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased. "Although consumer confidence indicators seem to have bottomed out, this is, with the exception of Latin America, not yet visible in demand on our main markets," CEO Jonas Samuelson said on Friday. "The price pressure in North America and high promotional activity in other markets characterizing the latter part of 2023 continued in the first quarter."
- Reuters
UPDATE 2-Long-time Electrolux CEO Jonas Samuelson to step down next year
Sweden's Electrolux , the world's second-biggest appliances maker, said on Thursday its CEO of eight years Jonas Samuelson will step down on Jan. 1, 2025. Electrolux said in a statement Samuelson had informed the company of his decision to also leave the board, which will now launch a search for a successor. "I currently have no plan to take on any other operational role after leaving the group and will be available to support the company and my successor also after Jan. 1, 2025," Samuelson said in the statement, without providing any details.
- Reuters
Long-time Electrolux CEO Jonas Samuelson to step down next year
STOCKHOLM (Reuters) -Sweden's Electrolux, the world's second-biggest appliances maker, said on Thursday its CEO of eight years Jonas Samuelson will step down on Jan. 1, 2025. Electrolux said in a statement Samuelson had informed the company of his decision to also leave the board, which will now launch a search for a successor. "I currently have no plan to take on any other operational role after leaving the group and will be available to support the company and my successor also after Jan. 1, 2025," Samuelson said in the statement, without providing any details.
