Management change in AB Electrolux

STOCKHOLM, Sweden–(BUSINESS WIRE)–Ruy Hirschheimer, Head of Electrolux Major Appliances Latin America and
Executive Vice President of AB Electrolux, has decided to resign from
his position, effective October 1, 2016. A process to recruit a
successor has been initiated.

Ruy Hirschheimer joined Electrolux in 1998, as Head of Major Appliances
in Brazil. Since 2002, he has held the position as Head of Major
Appliances Latin America.

“During Ruy’s tenure, Electrolux has grown into one of the top major
appliances brands in Latin America, and Brazil is today a strategically
important market. Many of the innovative concepts for product
development that we today use across the Group were first introduced in
Latin America under Ruy’s leadership,” said Jonas Samuelson, President
and CEO of AB Electrolux. “I want to thank Ruy for his invaluable
contributions and wish him all the best in the future.”

Until a successor has been appointed, Ricardo Cons will act as interim
head of Major Appliances Latin America. Ricardo Cons has held several
positions within Electrolux Major Appliances Latin America during the
years 1997-2011. Ruy Hirschheimer will remain as a senior advisor to
Electrolux during the transition process.

Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer thoughtfully
designed, innovative and sustainable solutions, developed in close
collaboration with professional users. The products include
refrigerators, ovens, cookers, hobs, dishwashers, washing machines,
vacuum cleaners, air conditioners and small domestic appliances. Under
esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and
Electrolux Grand Cuisine, the Group sells more than 60 million products
to customers in more than 150 markets every year. In 2015, Electrolux
had sales of SEK 124 billion and 58,000 employees. For more information
go to www.electroluxgroup.com

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Contacts

For further information, please contact
Electrolux Press Hotline,
+46 8 657 65 07.