Jeff M. Fettig, Chairman and CEO announced today the appointment of Michael A. Todman and Marc R. Bitzer to the respective positions of Vice Chairman, Whirlpool Corporation. These expanded roles provide for enhanced leadership that will best enable the company to achieve its significant growth strategy.
As Vice Chairman, Todman will lead all integration activities related to the planned Hefei Sanyo acquisition in China which reported revenues of over $850 million USD for 2013 and employs 14,000 people. He will continue his accountability for operations throughout Asia, Latin America, and Global Information Systems.
As Vice Chairman, Bitzer will be responsible for the North America and Europe, Middle East and Africa (EMEA) businesses, KitchenAid Small Domestic Appliances and lead all facets of the Indesit acquisition. Whirlpool Corporation recently announced it had completed the purchase of a majority share in Indesit Company S.p.A. (BIT: IND), which had $3.7 billion in sales in 2013 with 16,000 employees.