LG Electronics Appoints Lyu Jae-cheol as New CEO, Effective December 1

LG Electronics has announced the appointment of Lyu Jae-cheol as its new Chief Executive Officer, effective December 1. Lyu brings a proven track record of innovation and strategic growth, having successfully led the Home Appliance & Air Solution (HS) division. Under his leadership, LG expanded its footprint in B2B markets, introduced subscription-based services, and strengthened its direct-to-consumer (D2C) offerings—all while maintaining LG’s competitive edge in the global home appliance sector.

As CEO, Lyu aims to build on LG’s legacy of excellence by enhancing the company’s competitiveness and unlocking new growth opportunities. His vision includes reinforcing LG’s leadership in home appliances and extending that success across the entire organizat,

BSH UK & Ireland CEO Gunjan Srivastava to Step Down in January 2026

Gunjan Srivastava, CEO of BSH Home Appliances UK & Ireland, has announced his decision to step down, with his departure scheduled for January 2026.

Srivastava has played a pivotal role at BSH for nearly 12 years, having led the UK business since April 2020. Under his leadership, the company navigated a dynamic market landscape and continued to strengthen its position in the appliance sector.

BSH has yet to name his successor, stating that the appointment of a new UK CEO will be confirmed “at a later date

Electrolux Unveils Global Restructure

Electrolux CEO Yannick Fierling has announced a sweeping global reorganisation aimed at sharpening the company’s customer focus—particularly in the Asia-Pacific (APAC) region. The restructure, effective 1 January 2026, marks Fierling’s one-year anniversary at the helm.

Under the new framework, Electrolux will replace its existing ‘Business Areas’ with newly defined ‘Regions.’ The former Europe, Asia-Pacific, Middle East and Africa (BA EA) division will be split into two distinct entities:

  • Region Europe, Middle East & Africa (EMEA)
  • Region Asia-Pacific (APAC)

Fierling explained that APAC will concentrate on commercial functions such as marketing, sales, and product lines, while other regions will also oversee operations like manufacturing. “These changes are designed to enhance customer responsiveness in APAC,” he said, noting that the new regional head will be announced soon.

Electrolux ANZ Managing Director Kurt Hegvold welcomed the restructure, calling it a win for the local market. “It brings our voice closer to senior leadership and strengthens ties with key partners and consumers. A flatter, leaner structure will help us move faster and serve customers more effectively,” he told Appliance Retailer.

Alongside the geographic overhaul, Electrolux has confirmed several leadership appointments:

  • Eduardo Mello becomes Head of Region Latin America, succeeding Leandro Jasiocha. Mello previously led Global Food Preservation and served as Commercial VP for Latin America for a decade.
  • Leandro Jasiocha steps into the role of Head of Region EMEA, replacing Anna Ohlsson-Leijon, who is departing to pursue external opportunities. Fierling praised Ohlsson-Leijon’s strategic leadership and lasting impact on the Group.
  • Patrick Minogue has been named Head of Region North America, following the retirement of Ricardo Cons.

Europe’s Home Appliance Industry at a Crossroads: Why Policy Must Power the Future

Amid the historic charm of Athens, the CEOs of Europe’s leading home appliance manufacturers gathered for the APPLiA Summer Session—a timely summit focused on shaping the EU policy landscape that will define the future of this critical industry.

🔧 A Sector That Powers More Than Homes
Home appliances might hum quietly in kitchens and laundries, but the sector’s contribution to Europe’s economy is anything but silent. It delivers:
– Nearly 1 million jobs across the continent
– A robust €79 billion impact on EU GDP
– Innovation at the heart of energy efficiency, smart living, and circular economy goals

Industrial Backbone Meets Environmental Frontline
This isn’t just about dishwashers and dryers. The sector stands at the intersection of industrial resilience and ecological responsibility. As Europe strives to meet ambitious climate targets and boost strategic autonomy, home appliance makers are driving:
– Reduced energy consumption in households
– Smarter material use and product lifespans
– Local manufacturing that supports regional supply chains

🧭 Calling for Policy with Purpose
The message from industry leaders in Athens is clear: Without coherent and future-proof policy frameworks the competitiveness and innovation capacity of the sector is at risk. The stakes include:
– Maintaining Europe’s leadership in sustainable appliance design
– Avoiding deindustrialisation and job displacement
– Enabling businesses to invest in digital transformation and research

🌍 What Comes Next?
As EU policymakers craft strategies for a greener, more resilient economy, they must anchor the home appliance sector at the core of that vision. This means:
– Clear regulations that reward innovation and sustainability
– Consistent EU-wide policies to streamline manufacturing and compliance
– Strategic recognition of the sector as a pillar of Europe’s industrial future

The APPLiA Summer Session wasn’t just a meeting—it was a rallying cry. The future is being built, one appliance at a time. Let’s ensure it’s a future made in Europe.

Electrolux CEO Outlook

Yannick Fierling, Electrolux’s newly installed president and CEO, offered a mixed outlook for the industry but expressed confidence in his company’s execution, brand recognition and product line following a return to U.S. profitability last quarter. Here are excerpts from his commentary.

First Impressions
“After having spent three months getting to know Electrolux Group and its stakeholders, I assumed the position as CEO on Jan. 1, 2025.

“Key takeaways from my initial time with Electrolux Group are the strength of our product offering and the clear identity of our Electrolux, AEG and Frigidaire brands. We really know our consumer, evidenced by the high online consumer star ratings for our products. It is essential to truly nurture the local strengths and what differentiates us in the market, while further leveraging our global scale to drive innovation and mix — all in a cost-efficient manner.

“In addition to offering great products that help consumers make more sustainable choices at home, we need to move even further to experiences by expanding our customized solutions throughout the consumer journey.”

Marius Mihăilescu takes over as CEO of Beko Romania, Moldova, Greece, Malta and Cyprus

Beko Romania, the leader of the local home appliance market, announces the appointment of Mr. Marius Mihăilescu as the new CEO for Romania, Moldova, Greece, Malta, and Cyprus, taking over the position on January 1, 2025, from Mr. Murat Büyükerk, who concludes his seven-year tenure leading local operations and will pursue new professional opportunities.

Yannick Fierling appointed as new President and CEO of Electrolux Group

Electrolux has appointed Yannick Fierling as new President and CEO of Electrolux Group effective January 1, 2025. Yannick Fierling succeeds Jonas Samuelson, who earlier this year informed the Board that he will leave his position by the end of the year.

Yannick Fierling has more than 20 years’ experience from the household appliances industry, most recently as CEO Europe for Haier Corporation during the years 2015 to 2024. Between 2000 and 2015, he held several senior positions within Whirlpool Corporation in Europe and globally.

Yannick Fierling starts at Electrolux Group on October 1 and will take on the formal role as President and CEO on January 1, 2025 after a three-month handover period.Yannick Fierling is 53 years old and a French citizen. He will be based in Stockholm. He holds two Master’s degrees in Mechanical Engineering from France and the United States.

Jonas Samuelson will leave the position as President & CEO of Electrolux Group on January 1, 2025

After more than eight years as CEO and 16 years in the Group management team, Electrolux Group President & CEO Jonas Samuelson has today informed the Board of Directors that he will leave his position and the Board on January 1, 2025. The Board will now initiate a recruitment process for a successor