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

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

Aug 29, 2014: Adaptive Frequency Drive Increases Trane Chiller Efficiency

Aug 29, 2014: Vitamix President Receives Entrepreneur of the Year Award

Aug 28, 2014: LG Heat Pump Clothes Dryer Earns Emerging Technology Award

Aug 28, 2014: Early Snowthrower Demand Boosts Toro Sales

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows