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electrolux ab-ser b (ELX) Details

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for consumers and professionals worldwide. The company operates in six segments: Major Appliances Europe, Middle East, and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances; and Professional Products. It offers various appliances, including refrigerators, freezers, cookers, vacuum cleaners, dryers, washing machines, dishwashers, room air-conditioners and microwave ovens, floor-care products, and small domestic appliances for consumers. The company also provides professional products, such as food-service equipment for hotels, restaurants, and institutions, as well as laundry equipment for apartment-house laundry rooms, launderettes, hotels, and other professional users. In addition, it offers cooking hobs, hoods, ovens, dish sterilizers, tumble-dryers, water heaters, and heat pumps, as well as consumables, accessories, and services. The company provides its products primarily under the Electrolux, AEG, Zanussi, Frigidaire, Eureka, and Electrolux Grand Cuisine brands. It sells its products to retailers, buying groups, independent stores, and professional users. AB Electrolux (publ) was founded in 1901 and is headquartered in Stockholm, Sweden.

60,783 Employees
Last Reported Date: 02/21/14
Founded in 1901

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electrolux ab-ser b (ELX) Key Developments

AB Electrolux Announces Dividend, Payable on April 3, 2014; Elects Torben Ballegaard Sørensen as New Deputy Chairman

AB Electrolux announced that at the Annual General Meeting held on March 26, 2014 the proposed dividend of SEK 6.50 per share was adopted. The record date was set as March 31, 2014, and cash dividends are expected to be paid from Euroclear Sweden on April 3, 2014. The company announced that at the statutory Board meeting following the AGM, Torben Ballegaard Sørensen was elected new Deputy Chairman of the Board.

Electrolux Promotes John Weinstock to Senior Vice President of North American Marketing

Electrolux has promoted John Weinstock to senior vice president of North American marketing. Weinstock, previously vice president of North American marketing at Electrolux, joined the company in 2011. He has more than 20 years in the consumer durables and packaged goods industries, most recently with LG Electronics as vice president of marketing for home appliances and home entertainment units. Weinstock is also vice chairman of the board of directors at the Ada Jenkins Center in Davidson.

Electrolux AB to Approve Amendment to the Articles of Association

Electrolux AB announced that its shareholders at the Annual General Meeting to be held on March 26, 2014 will consider and approve the proposed amendments to the Articles of Association of the company.


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