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Electrolux names president, CEO of home care products

BY HBSDEALER Staff

Electrolux has named Russel Minick to the post of president and CEO for Electrolux Home Care Products.

Minick will oversee the group’s operation for floor care and small appliances in North America, which includes the Electrolux, Eureka and Sanitaire brands and the division Electrolux Central Vacuum Systems (formerly Beam Industries).

Minick replaces John Case, who is leaving the company to pursue a new opportunity. He will assume his new position on Sept. 1.

Minick has served as president of the Electrolux Central Vacuum Systems division since June 2006. Prior to that, he served as president of HNI Corp.’s Gunlocke Co., a contract office furniture company focusing on private office case goods, conference room furniture, lounge furniture and executive seating.

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American Woodmark reports tough first quarter

BY HBSDEALER Staff

Kitchen cabinet and bath vanity maker American Woodmark saw earnings fall to $156,000 in the first quarter of 2009, down from earnings of $5.1 million in the same period last year.

Sales fell 16 percent to $139.2 million from $166.1 million in the same period last year.

The decline in sales was attributed to lower volume in both the company’s remodeling and new construction customers.

The Winchester, Va.-based manufacturer also saw a decline in its profit margin, in part because of significantly higher freight and material costs. The company was able to reduce operating expenses by reducing head count in the first quarter.

American Woodmark distributes its products through home centers, major builders and a network of independent distributors.

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Sears’ home services head to depart

BY HBSDEALER Staff

Sears Holding has announced that the head of its home services division, Mark Good, will leave the company. The reason for Good’s departure was not disclosed.

Sears home services include installation services, such as windows, doors and siding, as well as HVAC work and carpet cleaning.

Good has been with Hoffman Estates, Ill.-based Sears since 1997, and he has overseen the home services division since 1999.

According to the Chicago Tribune, Sears said it will announce a replacement for Good in “the very near future.”

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