STOCKHOLM, April 26 (Reuters) - Electrolux,
the world's second-biggest appliances maker, reported on Friday
a bigger increase than expected in operating loss for the first
quarter as weak market demand hurt sales volumes.
The Swedish group said the operating loss grew to 720
million crowns ($66.2 million) from a year-earlier loss of 256
million, against the 761 million loss expected on average by
analysts polled by LSEG.
Electrolux late on Thursday announced that its CEO Jonas
Samuelson, who has had the position for eight years, would
step down
on Jan. 1 next year, and that its board was launching a
search for his successor.