Jeff M. Fettig (born 1957
) is an American businessman. He is the former chairman and chief executive officer of the
Whirlpool Corporation
The Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States. The Fortune 500 company has annual revenue of approximately $21 billion, ...
and serves on the board of directors for
Dow Inc., the
Indiana University
Indiana University (IU) is a system of public universities in the U.S. state of Indiana.
Campuses
Indiana University has two core campuses, five regional campuses, and two regional centers under the administration of IUPUI.
*Indiana Universi ...
Foundation, and is a
PGA REACH Trustee.
Early life
Fettig was born in 1957.
He grew up on a farm in
Tipton, Indiana
Tipton is a city in and the county seat of Tipton County, Indiana, United States. The population was 5,106 at the 2010 census. It is part of the Kokomo, Indiana Metropolitan Statistical Area. It was named after John Tipton, a politician.
Histor ...
with eight siblings.
He graduated
Indiana University
Indiana University (IU) is a system of public universities in the U.S. state of Indiana.
Campuses
Indiana University has two core campuses, five regional campuses, and two regional centers under the administration of IUPUI.
*Indiana Universi ...
, where he earned a bachelor of science in finance in 1979 and a master in business administration from its
Kelley School of Business
The Kelley School of Business (KSB) is an undergraduate and graduate business school at Indiana University in Bloomington, Indiana and Indianapolis, Indiana, United States. , approximately 7,500 full-time undergraduate and graduate students are ...
in 1981.
Career
Fettig joined the Whirlpool Corporation as a marketing management trainee in 1981.
He was its executive vice president and the president of Whirlpool Europe and Asia, from 1994 to 1999, then its president and chief operating officer, from 1999 to 2004.
Fettig was chairman and CEO, from 2004 to 2018,
earning $14.4 million in 2010,
and $7.33 million in 2012,
and resigning from Whirlpool as of December 31, 2018.
["Whirlpool Corporation’s Chairman Jeff M. Fettig to Retire From Company", Whirlpool Corporation, Dec 17, 2018.]
/ref>
Fettig has served on the board of directors of the Dow Chemical Company since 2003. He is a member of the Business Leaders for Michigan. He serves on the board of governors of the Boys and Girls Clubs of America
Boys & Girls Clubs of America (BGCA) is a national organization of local chapters which provide voluntary after-school programs for young people. The organization, which holds a congressional charter under Title 36 of the United States Code, h ...
.
In April 2017, Fettig was criticized by François Ruffin for planning to close down a Whirlpool factory in Amiens
Amiens (English: or ; ; pcd, Anmien, or ) is a city and commune in northern France, located north of Paris and south-west of Lille. It is the capital of the Somme department in the region of Hauts-de-France. In 2021, the population of ...
, France and opening a new one in Poland, where salaries are lower, while raising shareholder dividends by 10%. The factory closure became an issue in the 2017 French presidential election
The 2017 French presidential election was held on 23 April and 7 May 2017. As no candidate won a majority in the first round, a Two-round system, runoff was held between the top two candidates, Emmanuel Macron of La République En Marche!, En Ma ...
, with Marine Le Pen and Emmanuel Macron visiting the factory before the second round.
In October 2017, Fettig was succeeded as CEO by Marc Bitzer; however he kept his role as chairman of Whirlpool, until the end of 2018.[
]
Personal life
Fettig resides in St. Joseph, Michigan
St. Joseph, colloquially known as St. Joe, is a city and the county seat of Berrien County, Michigan. It was incorporated as a village in 1834 and as a city in 1891. As of the 2010 census, the city population was 8,365. It lies on the shore o ...
. He is a political contributor to the Republican Party.
References
{{DEFAULTSORT:Fettig, Jeff M.
Living people
People from Tipton, Indiana
People from St. Joseph, Michigan
Kelley School of Business alumni
Businesspeople from Michigan
American chief executives
American chairpersons of corporations
Directors of Dow Inc.
Whirlpool Corporation people
1957 births