The board of directors of Whirlpool Corporation have appointed Michael F. Johnston, president and chief operating officer of Visteon Corporation, to its board. Mr. Johnston's appointment increases the size of Whirlpool's board to 12 directors.
Prior to joining Visteon, a Dearborn, MI, U.S.-based automotive supplier, in 2000, Mr. Johnston held a number of senior executive posts at Johnson Controls, Inc. and Microdot, Inc. In addition to being a member of Visteon's board, he also serves on the board of Dallas, TX, U.S.-based Flowserve Corporation.
"Michael comes to our board with three decades of experience in the automotive supplier and aerospace industries," said David R. Whitwam, Whirlpool's chairman and CEO. "We will benefit from his deep operating experience in a number of businesses, both domestically and internationally."
Whirlpool's board also declared a quarterly dividend of U.S. $0.34 per share on the company's common stock. The dividend is payable Dec.15, 2003, to holders of common stock of record at the close of business on Nov. 24, 2003.
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