Marc Bitzer, Vice Chairman of Whirlpool Corporation announced global leadership changes related to Whirlpool’s acquisition of Indesit Company and upcoming integration activities within the Whirlpool Europe, Middle East and Africa (EMEA) region.
Esther Berrozpe, President of Whirlpool EMEA, will assume leadership of the company’s integrated European business, effective January 1, 2015. In this role, Berrozpe will be responsible for the combined operations of Whirlpool and Indesit.
“As a newly-combined company, the importance of having a unified leadership team will be central to the success of Whirlpool EMEA going forward,” Bitzer said. “This marks an important milestone as we position our European business for growth and ongoing value creation throughout the upcoming integration process and as we focus on product innovation, margin expansion, and delivering on our commitments to consumers within the region.”
Marco Milani has announced his plans to step down from his position as Indesit Chief Executive Officer effective December 31, 2014.
Following a recent mandatory tender offer and purchase of the remaining Indesit shares by Whirlpool Italia S.r.l, a wholly-owned subsidiary of Whirlpool, Indesit was delisted from the Italian stock exchange on December 3, 2014 and is now a wholly-owned subsidiary of Whirlpool.
As previously announced, Whirlpool Italia completed its acquisition of a majority interest in Indesit on October 14, 2014.