Whirlpool Corporation Welcomes Richard J. Kramer to Board of Directors

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Whirlpool Corporation appoints Richard J. Kramer, former CEO of The Goodyear Tire & Rubber Company, to its board of directors, citing his expertise in corporate strategy, finance, and mergers and acquisitions.

BENTON HARBOR, Mich., Feb. 19, 2024 /PRNewswire/ -- The Whirlpool Corporation board of directors has appointed Richard J. Kramer, former chairman, chief executive officer and president of The Goodyear Tire & Rubber Company, to the board, effective February 19, 2024. Kramer will serve on the corporate governance and nominating committee and the human resources committee.

"As a former CEO with tangible experience driving corporate strategy, we believe Rich Kramer is an excellent addition to our board," said Marc Bitzer, chairman and CEO of Whirlpool Corporation. "His significant experience in accounting, finance and capital structure, as well as mergers and acquisitions makes him an invaluable resource for Whirlpool Corporation."

Kramer, 60, was tapped to lead The Goodyear Tire & Rubber Company in 2010 and held the role until his retirement in January 2024. Kramer had been with Goodyear since 2000, where he held various positions including chief operating officer and president, North American Tire. Previously, Kramer was with PricewaterhouseCoopers LLP where he was a partner.

Mr. Kramer is also a director of CNH Industrials N.V.

About Whirlpool Corporation 

Whirlpool Corporation (NYSE: WHR) is committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. In an increasingly digital world, the company is driving purposeful innovation to meet the evolving needs of consumers through its iconic brand portfolio, including Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesit and InSinkErator. In 2023, the company reported approximately $19 billion in annual sales, 59,000 employees and 55 manufacturing and technology research centers. Additional information about the company can be found at WhirlpoolCorp.com.

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SOURCE Whirlpool Corporation

FAQ

Who has Whirlpool Corporation appointed to its board of directors?

Whirlpool Corporation has appointed Richard J. Kramer, former CEO of The Goodyear Tire & Rubber Company, to its board of directors.

What committees will Richard J. Kramer serve on?

Richard J. Kramer will serve on the corporate governance and nominating committee and the human resources committee.

What is Richard J. Kramer's background?

Richard J. Kramer was the former chairman, CEO, and president of The Goodyear Tire & Rubber Company. He also held various positions at Goodyear since 2000 and was a partner at PricewaterhouseCoopers LLP.

What is Marc Bitzer's statement regarding Richard J. Kramer's appointment?

Marc Bitzer, chairman and CEO of Whirlpool Corporation, stated that Rich Kramer is an excellent addition to the board due to his experience in corporate strategy, finance, and mergers and acquisitions.

What other company is Richard J. Kramer a director of?

Richard J. Kramer is also a director of CNH Industrials N.V.