Whirlpool welcomes ruling in pricing lawsuit
Whirlpool Corporation made a step forward on Monday in its appeal of a case against what it claims is predatory pricing.
The U.S. Court of International Trade took Whirlool’s side in its appeal of the U.S. International Trade Commission’s previous decision, which ruled that refrigerators from LG and Samsung — reportedly dumped at margins of up to 15% — were causing material injury to U.S. manufacturing.
"Today’s decision is part of a series of important strides by the government in response to our actions to ensure a balanced competitive marketplace for U.S. manufacturers, their employees and customers," said Jeff Fettig, chairman and CEO of Whirlpool Corp. "We feel vindicated by the court’s decision affirming our appeal. This ruling is particularly important, following on the heels of last year’s unanimous decision that LG and Samsung were dumping large residential washers and injuring the U.S. market. Whirlpool is fully committed to our U.S. manufacturing operations and American workers, and we remain focused on producing forward-thinking refrigeration innovation inspired by our consumers."
The court agreed with Whirlpool’s claim that the ITC erroneously "doubled counted" key data, a "potentially significant difference" warranting reconsideration of the court’s volume and price analysis.
Steve Reuter to lead ABC Supply unit
Beloit, Wis. — Steve Reuter has been named executive director of American Construction Metals, a business unit of ABC Supply.
ACM is a manufacturer of metal roofing, siding, rainware and related products. In this newly created position, Reuter will be responsible for the strategic direction and financial performance of ACM and its four manufacturing plants.
“Steve has a unique combination of experience that makes him ideal for this position,” said Brad Money, ABC Supply’s VP divisional operations. “He has been with ABC Supply for nearly a dozen years, and he has been a branch manager, a regional operations manager and, most recently, district manager for the Ohio Valley District, which has given him in-depth insights into ACM’s primary customer base.”
Earlier, Reuter was a manufacturing manager for Milliken & Co. in Lagrange, Ga., and Stryker Corp. in Mahwah, N.J. He has a Bachelor of Science degree in chemical engineering from the University of Florida and earned Master of Business Administration and Master of Science degrees from Indiana University.
Lumber Liquidators makes some promotions
Lumber Liquidators announced on Wednesday its promotions of James Davis to SVP sales and Charles Schwartz to CIO and SVP business development.
"We are extremely pleased to announce the promotion of both Jim and Chuck who have both been so integral to the success we have achieved in our business to date," said president and CEO Robert Lynch. "With our significant past growth and aggressive plans for the future, we continuously challenge our management structure for operating effectiveness. I am excited to be able to recognize Jim’s and Chuck’s outstanding performance and contributions with these promotions. We believe their ongoing efforts, and our expansion of the U.S. divisional structure of our retail store operations from two to three as we continue to open and remodel stores, will help us realize additional operational efficiencies and successfully implement our key strategic initiatives."
Davis has been with the company since January 2009 and most recently served as VP sales for the Eastern U.S. division. He has also held senior positions at national retailers such as Circuit City and Sears Holdings. In his new role, he will drive development of commercial sales and oversee retail performance across three divisions in the United States and one in Canada.
Schwartz will be transitioning from his most recent role as VP operations and strategy; his new responsibilities will include overseeing the company’s technology functions, leading development efforts for future business opportunities and implementing certain strategic initiatives. Schwartz has been with the company since March 2012, and had previously held roles in IT, business development and store operations at Accenture, The Tensar Corporation and The Home Depot.
Both Davis and Schwartz will continue to report directly to Lynch.