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Electrolux Named a Top Supplier for Sears Holdings

Charlotte, July 30, 2012 – Electrolux North America received Sears Holdings’ highest supplier award, the CEO Award for Financial and Operational Discipline, in recognition of its fiscal responsibility and operational excellence. Electrolux also won the Partners in Transformation Innovation award in the major appliance category which was announced at the retailer’s annual supplier summit.

Each year, Sears Holdings recognizes suppliers who have been instrumental in helping support the company’s transformation. Called Partners in Transformation, its most prestigious recognition is its three CEO awards for customer innovation, retail excellence, and financial and operational discipline.
Electrolux won the CEO award for financial and operational discipline, showing the greatest supplier accuracy and rigor for its product delivery and operational processes. Electrolux was the only appliance maker to take home awards this year.

“The Partners in Transformation and CEO awards recognizes our top-performing suppliers as true partners in transformation. By providing the quality services, products and experiences that exceed our customer’s expectations and build lifetime relationships we can reach our company’s goal of becoming the leader in integrated retail – in-store, online and in the home,” said Lou D’Ambrosio, president and chief executive officer of Sears Holdings. “Through our continued collaboration, we will be able to more effectively leverage the breadth of our portfolio and the power of our brands.”

“We are honored to receive these awards from Sears,” said Jack Truong, Electrolux North America president and CEO. “They are a tribute not only to our company, but also underscore the commitment we have to our customers and to providing innovative products to the market place.”

Sears is the most recent recognition of the company’s innovations and follows other recent awards, including Good Housekeeping magazine’s most innovative product award.

The award recipients are selected from nominations submitted by Sears Holdings associates who purchased goods and services from suppliers in 2011.

About Electrolux
Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year. The company focuses on innovative solutions that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, cookers, air-conditioners and small appliances such as vacuum cleaners sold under esteemed brands like Electrolux, AEG, Eureka and Frigidaire. In 2011 Electrolux had sales of $15.7 billion and 58,000 employees. For more information go to www.electrolux.com/press and www.electrolux.com/news/

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