Management Changes in AB Electrolux

STOCKHOLM–(BUSINESS WIRE)–Regulatory News:

Electrolux (STO:ELUXA) (STO:ELUXB) has appointed Anna Ohlsson-Leijon,
currently CFO of the business area Major Appliances Europe, Middle East
and Africa (EMEA), as new Chief Financial Officer of AB Electrolux.
Electrolux has also appointed Ola Nilsson, currently head of the laundry
product line within Major Appliances EMEA, as new head of the business
area Small Appliances and Executive Vice President of AB Electrolux.

Anna Ohlsson-Leijon succeeds Tomas Eliasson, who as previously announced
is leaving the company to pursue an external opportunity. Ola Nilsson
succeeds Henrik Bergström, who will work on special assignment reporting
to the CEO. Ola Nilsson’s appointment is effective as of March 1, 2016,
and Anna Ohlsson-Leijon’s appointment as of April 1, 2016. They will
both be members of Group Management, reporting to the President and CEO,
Jonas Samuelson.

“Anna will be an excellent addition to Group Management, with long
experience from financial functions throughout Electrolux. As CFO of
Major Appliances EMEA, she has been responsible for driving the
strategic agenda and was a key contributor to the earnings improvement
of the business area,” said Jonas Samuelson.

“I am very pleased to present Ola as our new head of Small Appliances.
He has a very good track record from running Small Appliances in
Asia-Pacific and most recently successfully led the turn-around of our
laundry business in EMEA. I also want to thank Henrik for his valuable
contributions in his current role and look forward to continue working
with him.”

Anna Ohlsson-Leijon joined Electrolux in 2001 as Director of Project
Management. She has since held senior management positions including
head of the Group’s internal audit function from 2005, Group Treasurer
from 2008, and Head of Corporate Control & Services from 2011. She was
appointed CFO of Major Appliances EMEA in 2013. She is a Swedish citizen
and holds a Bachelor of Science degree in Business Administration from
the University of Linköping, Sweden.

Ola Nilsson joined Electrolux in 1994 and held positions in various
Group functions before moving to Asia-Pacific to eventually become CFO
and later Managing Director of Small Appliances in Australia. From 2003,
he held management positions in Small Appliances based in Stockholm, and
was appointed President Asia-Pacific within the Small Appliances
business area in 2008. Ola Nilsson took up his present position in 2012.
He is a Swedish citizen and holds a Master of Science degree in
International Business Administration from the University of Lund,
Sweden.

Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer thoughtfully
designed, innovative and sustainable solutions, developed in close
collaboration with professional users. The products include
refrigerators, ovens, cookers, hobs, dishwashers, washing machines,
vacuum cleaners, air conditioners and small domestic appliances. Under
esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and
Electrolux Grand Cuisine, the Group sells more than 60 million products
to customers in more than 150 markets every year. In 2015 Electrolux had
sales of SEK 124 billion and 58,000 employees. For more information go
to www.electroluxgroup.com

Electrolux discloses the information provided herein pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.00 CET on February 23,
2016.

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