HAIER
Acquisition of GE Appliances is completed
 Haier CEO Zhang Ruimin (left) and GE Appliances head Chip Blankenship (Photo: Haier) |
China’s largest producer of household goods, Haier (Qingdao; www.haier.net), has completed the acquisition of GE Appliances from General Electric (GE, Fairfield, Connecticut / USA; www.ge.com). The deal was initially announced in January 2016 – see Plasteurope.com of 19.01.2016.
GE Appliances will continue to be headquartered in Louisville, Kentucky / USA and operated independently under the day-to-day direction of its present management team. A board of directors, with representatives from the senior leadership teams of Haier and GE Appliances, and two independent directors, will help guide the strategy and operations of the business.
GE Appliances will continue to be headquartered in Louisville, Kentucky / USA and operated independently under the day-to-day direction of its present management team. A board of directors, with representatives from the senior leadership teams of Haier and GE Appliances, and two independent directors, will help guide the strategy and operations of the business.
14.06.2016 Plasteurope.com [234290-0]
Published on 14.06.2016
German version of this article...