Delhi: Rajeev Karwal, CEO of Electrolux India, who
was rumoured to have left the company, has confirmed
that he had put in his papers and is currently serving
out his one month notice period. He will be with the
Swedish home appliances major till the end of July.
contacted, Karwal confirmed that he had put in his papers.
He said that none of the other top officials of the
company are quitting.
was earlier with Philips India followed by LG and is
reputed to have turned around the fortunes of Philips
India. Known as a turnaround artist, Karwal was unable
to turnaround AB Electroux which is said to be in a
"quit India" mode.
Electrolux is at present selling its three manufacturing
plants in Shahjahanpur (refrigerators), Nagpur (frost-free
refrigerators) and Boutibori (washing machines). There
have been unconfirmed report that Videocon is taking
over the manufacturing facilities of the Swedish company.
since it set up operations in India AB Electrolux has
been facing problems. It has had a succession of top
Over the last few months, its been a battle of nerves
between the top management of Electrolux India and the
Stockholm-based parent AB Electrolux.