Jeff M. Fettig

Jeff M. Fettig
Born 1957 (age 60–61)
Residence St. Joseph, Michigan, U.S.
Alma mater Indiana University (1979)
Indiana University's Kelley School of Business (1981)
Occupation Business executive

Jeff M. Fettig (born 1957[1][2]) is an American businessman. He is the former chief executive officer of the Whirlpool Corporation; however, he remains the chairman of the board.

Early life

Jeff M. Fettig was born in 1957.[1][2] He grew up on a farm in Tipton, Indiana with eight siblings.[3] He graduated Indiana University, where he earned a bachelor of science in finance in 1979 and a master in business administration from its Kelley School of Business in 1981.[4][5]

Career

Fettig joined the Whirlpool Corporation as a Marketing Management Trainee in 1981.[4] He was its executive vice president as well as the president of Whirlpool Europe and Asia from 1994 to 1999, and its president and chief operating officer from 1999 to 2004.[4][6] He has served as its chairman and chief executive officer since 2004.[4] He earned $14.4 million in 2010,[7] and $7.33 million in 2012.[5]

Fettig has served on the board of directors of the Dow Chemical Company since 2003.[8] He is a member of the Business Leaders for Michigan.[9] He serves on the board of governors of the Boys and Girls Clubs of America.[10]

In April 2017, Fettig was criticized by François Ruffin for planning to close down a Whirlpool factory in Amiens, France and opening a new one in Poland, where salaries are lower, while raising shareholder dividends by 10%.[11] The factory closure became an issue in the 2017 French presidential election,[12] with Marine Le Pen and Emmanuel Macron visiting the factory before the second round.[13]

In October 2017, Fettig was succeeded as CEO by Marc Bitzer; however he kept his role as chairman of Whirlpool.[14]

Personal life

Fettig resides in St. Joseph, Michigan.[15] He is a political contributor to the Republican Party.[16]

References

  1. 1 2 "Jeff M. Fettig's Read-and-React Approach at Whirlpool". The Boston Consulting Group. 2010-01-14. Retrieved 2017-06-18.
  2. 1 2 Andrew Davidson, ed. (3 August 2009). 1000 CEOs. Dorling Kindersley Limited. p. 43. ISBN 978-1-4053-5272-7.
  3. ↑ Crystal, Kim (March 7, 2015). "Whirlpool's Jeff Fettig: Doing the World's Laundry". Barron's. Retrieved April 27, 2017.
  4. 1 2 3 4 "Dow Chemical Co/The (DOW:New York): Jeff M. Fettig". Bloomberg. Retrieved April 26, 2017.
  5. 1 2 "CEO Compensation: #237 Jeff M Fettig". Forbes. Retrieved April 26, 2017.
  6. ↑ Quintanilla, Carl (June 7, 1999). "Whirlpool Taps Fettig as President, Probable Successor to Firm's CEO". The Wall Street Journal. Retrieved April 26, 2017.
  7. ↑ Hagerty, James R. (February 28, 2011). "Whirlpool CEO's Pay Grows". The Wall Street Journal. Retrieved April 26, 2017.
  8. ↑ "Board of Directors". Dow Chemical Company. Retrieved April 26, 2017.
  9. ↑ "Members". Business Leaders for Michigan. Retrieved April 26, 2017.
  10. ↑ "Board of Governors". Boys & Girls Clubs of America. Retrieved April 26, 2017.
  11. ↑ Libert, Mikael (April 25, 2017). "Amiens: Whirlpool ferme son usine et augmente ses actionnaires". 20 Minutes. Retrieved April 26, 2017.
  12. ↑ "WHIRLPOOL: PENDANT QUE LES SALARIÉS SONT EN GRÈVE À AMIENS POUR ÉVITER LA DÉLOCALISATION, LES DIVIDENDES DE L'ACTION S'ENVOLENT". France Soir. March 25, 2017. Retrieved April 26, 2017.
  13. ↑ Rose, Michel (April 26, 2017). "French presidential foes take spin battle to tumble-drier factory". Reuters. Retrieved April 27, 2017.
  14. ↑ Sheetz, Michael (June 20, 2017). "Jeff Fettig to step down as CEO of Whirlpool, will remain chairman". CNBC. Retrieved August 15, 2017.
  15. ↑ "Contributors, 2016 cycle". OpenSecrets.org. Retrieved April 26, 2017. FETTIG, JEFF M MR ST JOSEPH, MI 49085
  16. ↑ "Jeff Fettig Political Campaign Contributions 2014 Election Cycle". Campaignmoney.com. Retrieved April 26, 2017.
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