December 14, Whirlpool China announcement disclosed that Kim Woo Wah will resign on December 29 Whirlpool chairman of the post, and no longer any of the company's position, Whirlpool Asia Pacific president Wu Shengbo will become the successor.
Seeing that, since its resignation in September as president, Kim Woo-Wah's departure is a foregone conclusion. In November this year, Kim Woo-Wah did not show up at the commissioning ceremony of Whirlpool Industrial 4.0 Smart Factory and replaced it with Wu Shengbo.
Third quarter of 2017, Whirlpool released three quarterly shows that the company revenue of 4.902 billion yuan the first three quarters, down 3.57%, attributable to shareholders of listed companies to reduce profits by 55.61 million yuan, down 123%, despite the company announced the main profit decline The reason is due to rising costs caused by rising raw material prices, but some industry observers believe that its deeper reason may come from the management of internal friction, lack of attention to the business.
July 26, Whirlpool issued a public notice that, after a self-examination, the company found that there are accounting errors in sales discounts in 2015 and 2016, the company management initially estimated the amount of the error is about 250 million yuan -3 million. On the evening of January 31, Whirlpool received a letter of supervision from Shanghai Stock Exchange, which the SSE said reflects the significant flaws and risks in its internal control, asks Whirlpool to verify the causes of accounting errors as soon as possible, determine the amount of accounting errors and its impact on the company's financial statements The impact of a clear error liability and accountability measures.
Subsequently, on November 17, Whirlpool issued a public announcement that Zhang Rongzhong, the vice president of the company, resigned for personal reasons, and Huang Qiuhong, the vice president, resigned his position because of his work. On the same day, the announcement announced the change of the legal representative of the company from Jin Youhua to Ai Xiaoming.
Whirlpool acquired 51% stake in Hefei Rongshida Sanyo Electric Co., Ltd. for 3.4 billion yuan in 2013, and the two parties formally completed the delivery in November, Hefei Sanyo changed its name to 'Whirlpool.' Currently Whirlpool China owns Whirlpool, Imperial, Sanyo and Rongshida Four brands.After the completion of the acquisition, Whirlpool executives had optimistic that the station composed of four brands will impact the 'white first camp', but four years later, this goal is still open in the air.
With the departure of Jinyouhua, Whirlpool (China) Hefei Sanyo original management has been basically replaced, the new management can break out of the strong Chinese appliance market, have to wait for the test of time.