GE Appliances CEO steps down

06/21/2017 11:26 AM

GE Appliances CEO Chip Blankenship has elected to leave his position at the end of the year, according to a press release from the company.

Blankenship served as CEO for the Louisville-based company for six years. He will be succeeded by Kevin Nolan, who is the current vice president and chief technology officer for GEA and its parent company Qingdao Haier.

China-based Qingdao Haier purchased GEA last year. Liang Haishan, chairman of Qingdao Haier’s board of directors, praised Blankenship’s leadership during that acquisition.

“The business’s performance and leadership team under Chip’s direction has exceeded our expectations during our first year together,” Haishan said in a statement. “GEA’s performance following the acquisition in 2016 surpassed initial internal forecasts. The business is well positioned to build on these successes and move into its next phase of growth and development.”

Nolan will be joined in the newly created GEA Executive by Council Melanie Cook, who is currently GEA’s vice president of sourcing, in the role of chief operating officer and Rick Hasselbeck, who is GEA’s current chief marketing officer, in the role of chief commercial officer.

“We are ready to launch the next phase of our strategy and growth,” Blankenship said in a statement. “It is the right time to pass leadership of the business to three strong GE Appliances executives who will bring the expertise needed to accelerate further growth in the strategic areas of technological innovation, operational excellence and building closer connections with customers and consumers.”

The company says that Nolan, Cook and Hasselbeck will begin their new roles immediately and will work with Blankenship to facilitate a seamless transition for employees, customers and partners.

SUBSCRIBE NOW

Subscribe to email updates.

Subscribe and get the latest political intelligence delivered to your inbox.

TWEETS ABOUT KY POLITICS