Whirlpool closes European JV contribution and MENA sale with Arçelik; EMEA president role eliminated

WHIRLPOOL CORP /DE/

Closed Contribution Transaction and MENA Sale on April 1, 2024, after final UK CMA regulatory approval.
Whirlpool will own ~25% of new European appliance company; Arçelik owns ~75% under the contribution agreement.
President, EMEA Gilles Morel's role eliminated; he remains EVP supporting transition and serves on Beko Europe board.
Deal originally announced January 16, 2023; closing marks key strategic milestone for Whirlpool.

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