Whirlpool Corporation (Benton Harbor, MI, U.S.) announced that R. Stephen Barrett, Jr., the company's executive vice president and CFO, intends to resign Sept. 1, 2004. Whirlpool's board of directors has elected Roy Templin, the company's controller, to succeed Mr. Barrett.
According to the company, Mr. Barrett's decision to resign from Whirlpool reflects a recent change in his family situation. Mr. Barrett joined Whirlpool in 2002, following his retirement from Procter & Gamble Co.
"Whirlpool is a great company with bright prospects and a very talented global finance team," said Mr. Barrett. "My time with Whirlpool has been a real highlight in my professional career, and leaving is difficult. However, an unexpected change in circumstances for my family requires that I return to live on the East Coast."
Mr. Templin, has been named executive vice president and CFO, effective Sept. 1, 2004. Prior to joining Whirlpool in 2003, Mr. Templin was vice president of finance and chief accounting officer for Kimball International, Inc., the Jasper, IN, U.S.-based manufacturer of furniture and contract electronic products. He joined Kimball in 1991 as assistant corporate controller, and was promoted to corporate controller in 1995 and to vice president and corporate controller in 1997.
The company also announced that Ted Dosch has been named to succeed Mr. Templin, effective Sept. 1, 2004. MR. Dosch currently is vice president of finance and controller for Whirlpool's North America region business.
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