Electrolux major appliances North America head, Jack Truong resigned yesterday after the Swedish company issued a profit warning.
Electrolux said it expected results for the unit to be 'significantly lower than anticipated in the first quarter' as it continued to be affected by new energy requirements imposed on product ranges within refrigeration and freezers during the second half of 2014.
It said earnings are also affected by production at its cooking plant in Memphis, which 'has been slower than anticipated'.
Truong, who was executive vice president of AB Electrolux, had resigned 'to pursue other interests'. He joined Electrolux in 2011.
CEO Keith McLoughlin, who will act as interim head of major appliances North America, said: “I want to thank Jack for his many contributions to Electrolux. We wish him and his family all the best for the future.”
Although Electrolux said a program to restore profitability and increase efficiency was underway, it added that it will take most of 2015 to 'show full effect'.