Haier America Announces Change in Executive Leadership

Haier Logo

NEW YORK, Jan. 23, 2014 (GLOBE NEWSWIRE) -- Haier America today announced that Shariff Kan, President and Chief Executive Officer (CEO) has stepped down and will be replaced by Adrian Micu, effective February 10, 2014.

Under Mr. Kan's leadership, Haier America evolved from a trading operation in its early days to a respected supplier of home appliance and consumer electronics in North America. His management proved instrumental during Haier's initial entrance into the United States, playing a pivotal role in establishing partnerships with some of the largest national and regional retailers in the country. His many contributions to Haier America are greatly appreciated.

Mr. Micu comes to Haier with over twenty-five years of executive level engineering, technology and product development experience within the appliance industry. Most recently, he held the position of Vice President of Engineering with Whirlpool Corporation. As Haier America looks towards the future, the Company recognizes the enormous opportunities that exist to engage and interact with customers and end users, expand market share and product portfolio, and increase revenue and profitability. Mr. Micu's demonstrated ability to accelerate growth by applying innovative technologies coupled with his proven track record of successfully executing new product introductions, make him the ideal executive to lead Haier through this journey.

"I am honored for the opportunity to lead such a promising company into the next phase of their evolution," said Mr. Micu. "I look forward to developing the Haier brand into a household name in appliances and electronics, advance the momentum that our team has created over the past few years and help the organization capitalize on Haier's overall strengths to achieve its full potential in the Americas."

About Haier

Haier America is a division of the multinational Haier Group, a global leader in home appliances and consumer electronics. Haier employs more than 70,000 people around the world and distributes products in more than 100 countries and regions with global revenues reaching $29.5 billion in 2013. Haier is a proud supporter of the National Parks Conservation Association and Food Bank for New York City. For more information, please visit www.haier.com. You can also become a Fan of Haier America on www.facebook.com/Haieramerica or follow Haier America via Twitter @haieramerica.

CONTACT: Media Contact: James Liess, Haier America Public Relations 212-594-3330 ext.2006 jliess@haieramerica.com

Source: Haier