The Whirlpool Corp. of Benton Harbor, Mich., says R. Stephen Barrett, Jr., its executive vice president and chief financial officer, will resign Sept. 1.
Whirlpool announced Tuesday its board of directors has elected Roy Templin, the company’s controller, to succeed Barrett.
Barrett’s decision to resign reflects a recent change in his family situation. Barrett joined Whirlpool in 2002, following his retirement from the Procter & Gamble Co.
“Whirlpool is a great company with bright prospects and a very talented global finance team,” said Barrett. “My time with Whirlpool has been a real highlight in my professional career, and leaving is difficult. However, an unexpected change in circumstances for my family requires that I return to live on the East Coast.”
Templin has been named executive vice president and chief financial officer, effective Sept. 1. He will join Whirlpool’s Executive Committee.
Prior to joining Whirlpool in 2003, Templin was vice president of finance and chief accounting officer for Kimball International Inc., the Jasper, Ind.-based, manufacturer of furniture and contract electronic products.
Before joining Kimball, Templin worked for the Cummins Engine Company, the NCR Corp. and accounting firm Price Waterhouse.
Whirlpool, with 68,000 employees, is the world’s leading manufacturer and marketer of major home appliances, with annual sales of more than $12 billion.
From The Washington Times