Whirlpool names new CFO

BENTON HARBOR, Mich. — Whirlpool Corp. announced that Roy Templin, EVP and CFO, will retire from the company. As part of the planned transition, Templin will remain in his current capacity until April 2012 to complete Whirlpool's year-end reporting and other transitional items. At that time, Larry Venturelli – currently SVP corporate controller, chief accounting officer and CFO for Whirlpool International – will succeed Templin as EVP and CFO.

"Roy Templin has been an impactful leader at Whirlpool Corporation," said Jeff Fettig, Whirlpool chairman and CEO. "During his tenure at Whirlpool, Roy was critical in helping to lead the company's successful acquisition of Maytag Corporation, build robust financial controls processes and strengthen the company's talent, control and risk management systems. Following his long and successful career, he is embarking on a long-planned second stage in his professional endeavors."

Venturelli joined Whirlpool as assistant corporate controller in 2002. He was promoted to VP investor relations in 2004; to VP controller and chief accounting officer in 2006; and to VP and CFO for Whirlpool's North America Region in 2008. He was named SVP corporate controller, and chief accounting officer and CFO for Whirlpool International in 2010. Prior to joining Whirlpool, Venturelli held various financial positions at Royal Caribbean Cruises, Campbell Soup Company and Quaker Oats. Venturelli earned a master's degree in management from Northwestern University's Kellogg School of Business and a bachelor's degree in accounting from DePaul University.