Electrolux names Carsten Franke new Group COO

Rhea-AI Summary

AB Electrolux has appointed Carsten Franke as the new Chief Operations Officer (COO) and Executive Vice President, effective October 1, 2020. He succeeds Jan Brockmann, who resigned for an external opportunity. Franke, previously COO of Electrolux Business Area Europe, has extensive experience in international manufacturing and supply chain management since joining the company in 2005. The Global Operations function he will oversee aims to enhance efficiencies and digitalization across the value chain.

Positive

• Appointment of Carsten Franke as COO expected to drive efficiencies and digitalization.
• Franke has a strong track record in manufacturing and supply chain, indicating potential for operational improvements.

Negative

• Resignation of Jan Brockmann may indicate internal challenges or instability during the transition.

STOCKHOLM, Sept. 16, 2020 /PRNewswire/ -- AB Electrolux has appointed Carsten Franke as new Chief Operations Officer (COO) and Executive Vice President. Heading the Group's Global Operations function, he will be responsible for pursuing efficiencies of scale and digitalization throughout the value chain.

Carsten Franke, currently COO of Electrolux Business Area Europe, succeeds Jan Brockmann, who has resigned to pursue an external opportunity. The appointment is effective as from October 1, 2020.

"I'm very pleased to welcome Carsten to the Group Management team. He has a very strong track record of leading international manufacturing and supply chain activities, driving sustainable efficiency improvements. He is the right person to take Electrolux Global Operations through the next phase of its development," said Jonas Samuelson, President and CEO of the Electrolux Group.

The Global Operations function drives a common approach within Electrolux to activities in manufacturing, supply chain, purchasing, sourcing and product quality. The responsibility for research and development is now being integrated with the Consumer Experience organization, led by Ola Nilsson.

Carsten Franke joined Electrolux in 2005. Prior to his current role, he has held various management positions in Europe covering supply chain, production and lean manufacturing. He is a German citizen and holds a degree in mechanical engineering.

For further information, please contact:

Electrolux Press Hotline
+46-8-657-65-07

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SOURCE Electrolux

FAQ

Who is the new COO of Electrolux?

Carsten Franke has been appointed as the new COO of Electrolux.

When is Carsten Franke's appointment effective?

Carsten Franke's appointment as COO is effective from October 1, 2020.

What was Jan Brockmann's role before resigning?

Jan Brockmann served as the COO of Electrolux before resigning.

What are Carsten Franke's responsibilities as COO?

Carsten Franke will focus on driving efficiencies and digitalization across Electrolux's Global Operations.

What experience does Carsten Franke bring to Electrolux?

Carsten Franke has a strong background in international manufacturing and supply chain management, having been with Electrolux since 2005.

What impact does the new COO have on Electrolux's stock ELUXY, ELUXF?

The appointment of Carsten Franke is viewed positively as it may enhance operational efficiencies, which could benefit Electrolux's stock performance.