Ronnie Leten is Electrolux’ new chairman

Ronnie Leten is Electrolux’ new chairman

Swedish electronics group Electrolux has appointed Ronnie Leten as its new chairman of the board, where he previously held the position of deputy chairman. He will replace Marcus Wallenberg, who will step down on 1 July 2014.

Manager of the year heads to Sweden

The economist has also been Swedish Atlas Copco’s CEO since the middle of 2009, where he previously led its Compressor Technique branch out of its main office in Wilrijk (Belgium). Before he joined Atlas Copco, he had worked for Tenneco and General Biscuits, but it is in his position at Atlas Copco that he won Manager of the Year 2013, handed out by magazine Trends.

He has been an Electrolux director and deputy chairman since 2012, but will now become its chairman, taking over from Marcus Wallenberg. He had to resign because of EU regulation which limits the number of mandates someone can have. Leten’s appointment still has to be confirmed formally at the general meeting of shareholders on 26 March.

Electrolux employs 61,000 people worldwide, with a 2013 turnover of 109 billion krona (some 12.2 billion euro).

Questions or comments? Please feel free to contact the editors


Samsung targets record fourth quarter profit

09/01/2018

Korean technology firm Samsung has released preliminary quarterly results indicating it forecasts record profits in 2017’s fourth quarter. Nevertheless, it does not seem it can live up to analysts' expectations.

MediaMarkt's co-founder passed away

28/12/2017

Erich Kellerhals, co-founder of electronics chain MediaMarkt, has died on Christmas day, aged 78. The German laid the foundation for one of the world’s largest electronics chains in 1979.

Media Markt's parent company thrives thanks to online

19/12/2017

Media Markt and Saturn’s new parent company, CECONOMY, has performed well in its fiscal year 2016/2017. Its 1.3 % turnover increase was largely thanks to improved online sales.

Carrefour and Fnac Darty consider purchase alliance

01/12/2017

Supermarket firm Carrefour and electronics seller Fnac Darty are considering an alliance for their electronics acquisitions. The combination could lower purchase prices.

Media Saturn launches a first, fully virtual shopping world

21/11/2017

Saturn customers can use their own VR goggles to see products in two virtual environments. It is not yet possible to actually buy something in VR however.

Pieter Haas, CEO Ceconomy: "We sell the consumer a digital life"

03/11/2017

MediaMarkt’s parent company, Ceconomy, has the key to consolidate the European electronics industry even more. The retailer will sell services and solutions: “We help people make the right decisions.”

Back to top