NEWTON, Iowa, Jan. 18 /PRNewswire-FirstCall/ -- Maytag Corporation
(NYSE: MYG) today announced that two senior executives, both working in the
Office of the President, will leave the company, effective Jan. 31, 2005.
William L. Beer, executive vice president and a 31-year veteran of Maytag,
will conclude his career with the company to pursue personal and other
professional opportunities. Thomas A. Briatico, executive vice president,
will retire from Maytag after a 30-year career with the company.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000505/MYGLOGO )
Both executives were named to the post of executive vice president in June
2004 during Maytag's "One Company" restructuring initiative. This effort
integrated the systems, facilities and personnel from within Maytag
Appliances, Hoover and Maytag's corporate headquarters to form a leaner, more
efficient organizational structure. These positions will be eliminated from
the new structure going forward.
Ralph Hake, chairman and CEO, said, "During our restructuring effort, both
Bill and Tom took on key roles, assisting with special projects to ensure a
smooth transition within the business. Our restructuring is now complete and
both of these highly capable executives have decided to pursue the next phase
of their lives. I am grateful for their efforts and wish them well in their
endeavors."
Beer, 52, joined Maytag in 1974 as a market analyst and served in a number
of marketing roles in Major Appliances. He was named director of corporate
strategy in 1991 and then in 1993 vice president, marketing for Maytag and
Admiral Products. Beginning in 1996, Beer served as vice president, strategic
marketing, responsible for all of the corporation's Major Appliance brands.
He was named senior vice president, product supply in 1997 and then took on
the role of president of Maytag Appliances in 1998.
Briatico, 57, began his career in 1974 with the Magic Chef Corporation in
the Admiral Appliance Divisions where he worked in many financial roles.
Briatico served as vice president of finance before being named vice president
of manufacturing at Maytag's Cleveland Cooking Products in 1988. He was named
vice president and general manager at Cleveland in 1995 and then president of
Dixie-Narco Vending Systems in 2001. In 2003, he was named president of
Hoover.
Maytag Corporation is a $4.8 billion home and commercial appliance company
focused in North America and in targeted international markets. The
corporation's primary brands are Maytag(R), Hoover(R), Jenn-Air(R), Amana(R),
Dixie-Narco(R) and Jade(R).
Media Contact: Karen Lynn
Maytag Corporate Communications
(641) 787-8185
klynn2@maytag.com
SOURCE Maytag Corporation
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Related links:
http://www.maytagcorp.com
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CONTACT:
Karen Lynn, Maytag Corporate Communications,
+1-641-787-8185, or klynn2@maytag.com
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