Whirlpool adds Meredith exec to its board

Whirlpool adds Meredith exec to its board
Date June 21, 2006
Section(s) Business
DES MOINES (AP) — Whirlpool Corp. announced Tuesday that it has appointed Meredith Corp. chief executive William T. Kerr to its board.

Kerr’s appointment increases the Whirlpool board to 14.

Kerr, 65, is Des Moines-based magazine publisher Meredith’s board chairman and CEO.

Meredith publishes 25 subscription magazines including Better Homes and Gardens and Ladies’ Home Journal and about 200 special interest publications. Its broadcast division owns 14 television stations.

Kerr also serves on the board of Principal Financial Group, a Des Moines-based insurance and financial services company. He also was a member of the Maytag Corp. board prior to the company’s sale to Whirlpool in March.

“Bill’s broad business and consumer background make him a valued addition to our board,” said Jeff M. Fettig, Whirlpool’s chairman and CEO.

Benton Harbor, Mich.-based Whirlpool has sales of more than $19 billion and employs more than 80,000 workers. Its brand names include Maytag, KitchenAid, Whirlpool and Amana.

Whirlpool shares closed 21 cents lower at $79.16 on the New York Stock Exchange. Meredith shares closed 38 cents lower at $48.29.


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