Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

GE Delays Spinoff of Appliance Division
Dec 18, 2008
 Printable format
 Email this Article
 Search

General Electric said it's putting on hold plans to sell or spin off its appliance division. Company spokeswoman Kim Freeman said GE executives "still feel the strategy is the correct strategy. It is just the wrong time."

For now, the division remains within GE. Jim Campbell, the current president and chief executive of the division, remains in his position, the statement said, and reports directly to company CEO Jeff Immelt.

"The challenging economic environment makes a spin or a sale now extremely difficult," the GE statement said. "Remaining part of GE and staying totally focused on operating the business effectively is the best move for the business as we prepare for what is shaping up to be another very tough year in 2009."

The company offered no indication of when it might pursue breaking off the division. A statement on the decision said GE would "aggressively align our business with the current market."

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows