Whirlpool Corporation's Chairman Jeff M. Fettig to Retire From Company

CEO Marc Bitzer Adds Chairman Role

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Dec 17, 2018, 16:30 ET

BENTON HARBOR, Mich., Dec. 17, 2018 /PRNewswire/ -- Whirlpool Corporation (NYSE: WHR) Chairman Jeff M. Fettig today announced that he will retire from the company on December 31, 2018 after 38 years of service. The Board of Directors has elected CEO Marc Bitzer to succeed Fettig as Chairman of the Board, effective January 1, 2019.

"My planned retirement is the final step in our board-driven succession plan with Marc now adding the Chairman role to his responsibilities," said Fettig. "It has been a great honor for me to be part of Whirlpool Corporation over the last 38 years. During this time, the company has changed significantly in a positive way. I am very proud of what the people of Whirlpool have achieved to make us the great company we are today."

"I've also had the privilege to lead our company and serve as Chairman of the Board of Directors for the last 14 years. I greatly appreciate the dedicated support that our Board of Directors provides to our company."

Samuel R. Allen, Whirlpool Corporation's presiding director, said, "Speaking on behalf of all board members, it has been a pleasure and an honor serving with Jeff on the Whirlpool Board. We are extremely proud of Jeff's accomplishments, both in terms of the company's strong performance and in his demonstrated commitment to leading with integrity. In selecting Marc Bitzer, the Board is confident we have chosen a leader that will continue this commitment."

Jeff Fettig bio: http:/www.whirlpoolcorp.com/project/jeff-m-fettig/
Marc Bitzer bio: http://www.whirlpoolcorp.com/project/marc-bitzer/

About Whirlpool Corporation
Whirlpool Corporation (NYSE: WHR) is the number one major appliance manufacturer in the world, with approximately $21 billion in annual sales, 92,000 employees and 70 manufacturing and technology research centers in 2017. The company markets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air, Indesit and other major brand names in nearly every country throughout the world. Additional information about the company can be found at WhirlpoolCorp.com, or find us on Twitter at @WhirlpoolCorp.

SOURCE Whirlpool Corporation