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Deere CEO Joins Whirlpool's Board

Source: Associated Press

BENTON HARBOR, Mich. (AP) – Whirlpool Corp. said Tuesday that it has appointed two new members to its board of directors.

The appointment of Samuel R. Allen and John D. Liu is effective as of Wednesday.

Allen, 56, is chairman and CEO of agricultural equipment maker Deere & Co., while Liu, 42, is CEO of Essex Equity Capital Management, an investment management firm.

The additions increase Whirlpool’s total board to 14 members.

Shares of the appliance company rose $1.08 to $99.31 in mid-day trading.

Posted June 16, 2010

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