BENTON HARBOR, Mich. – Whirlpool Corp. has moved a key executive to a new post to coordinate the integration of rival Maytag Corp. if the purchase of Maytag is completed.
The antitrust division of the U.S. Department of Justice is reviewing the merger of the two major appliance manufacturers. Final regulatory approval is not expected before February.
Whirlpool announced Friday that Ted Dosch, corporate vice president and controller, will move to corporate vice president for finance in the company’s Project Management Office, which manages the planning and integration of the anticipated Maytag acquisition.
Larry Venturelli, currently vice president for investor relations, will succeed Dosch as vice president and controller. The moves were effective immediately, the company said in a statement.
“These leadership moves reflect our commitment to continue to support the growing and dynamic core business operations around the globe while effectively integrating the planned Maytag acquisition in a controlled and disciplined manner,” said Roy Templin, executive vice president and chief financial officer.
Dosch will lead the planning and integration of financial processes and internal controls associated with the anticipated Maytag acquisition.
Venturelli will assume the controller responsibilities and continue to provide leadership to the investor relations activities on an interim basis. A successor to Venturelli will be named later, the company said.
Maytag and Whirlpool have said they plan to close the deal in the first quarter of the year. Whirlpool has offered to buy Maytag for about $1.79 billion in cash and stock.
From Mercury News