Electrolux Selects Charlotte, North Carolina as Location of North American Headquarters MOVE WILL BRING MULTIPLE ENTITIES UNDER ONE ROOF

CLEVELAND, Dec. 16 /PRNewswire/ -- Electrolux today announced it has selected Charlotte, North Carolina as the location of its new North American headquarters, where it will consolidate a number of its U.S. corporate office operations and support functions into a single location.

As announced last month, the consolidation of multiple entities in the new site will begin in summer 2010. Over time, the company expects to employ more than 700 people in Charlotte when the move is completed.

At a news conference with Charlotte, North Carolina and Mecklenburg County officials, Electrolux executives said Charlotte was chosen for a number of reasons. Kevin Scott, president & CEO of Electrolux Major Appliances North America said, "Charlotte is consistently ranked as one of the best cities in which to live and work in the U.S., and it provides great access to road, rail and air transportation. Charlotte is also a center for business, finance and technology, and the educational and housing resources in the area are outstanding, as are the cultural, recreational and sports activities."

"The state, along with the county and city, were very helpful in working with us to find the incentives that made this the right choice for Electrolux," Mr. Scott said. "We are very pleased to become part of this great community."

North Carolina Gov. Perdue said, "We are honored that Electrolux will call North Carolina home for its North American headquarters. Our state has a tremendous workforce and we look forward to a long and beneficial relationship."

Following an extensive site search, the new Electrolux North American headquarters will be located at 10200 David Taylor Drive in the University Area of northeast Charlotte.

New headquarters will bring U.S. team together

In announcing the move on November 17, Hans Straberg, president and CEO of Electrolux Group, said, "Working together as one team, under one roof, allows us to take advantage of synergies and improve coordination among these related businesses and functional areas."

Mr. Scott said, "I am very pleased that Electrolux will enter 2010 with the stage set to better meet the future needs of our customers, business, and investors."

Locations that will initially combine and relocate to the new corporate headquarters include Electrolux Major Appliances North America Headquarters in Augusta, GA (excluding the Customer Care Center); Electrolux International Sales in Pittsburgh, PA; Electrolux Holding Company in Cleveland, OH; Electrolux Major Appliances (finance support) in Columbus, OH; Electrolux Major Appliances (accounts payable) in Springfield, TN; Electrolux Major Appliances North America Industrial Design Center in Anderson, SC; and Electrolux Major Appliances North America Sales and Finance in Huntersville, NC.

Other Electrolux entities in the U.S. will move their corporate office operations and support functions to the new headquarters. Timing of these subsequent moves will depend on individual business needs.

Job opportunities at the new Electrolux North America Headquarters will begin to post at the end of Q1 2010. They will be found in the Career Opportunities section of the Electrolux corporate web site at http://electrolux.com/career_opportunities.aspx.

Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washers, dryers, ranges, air conditioners and vacuum cleaners sold under esteemed brands such as Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2008, Electrolux had sales of US $15.9 billion and 55,000 employees, including about 8,000 in the U.S. For more information, visit www.electrolux.com/press.



    Media Contact:
    Tony Evans
    Phone: 1-614-579-1746
    Email: tony.evans@electrolux.com


SOURCE Electrolux



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