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MAYTAG CHAIRMAN OF THE BOARD TO RETIRE

 NEWTON, Iowa, Dec. 15 /PRNewswire/ -- Daniel J. Krumm has announced he will retire as Maytag Corporation's (NYSE: MYG) chairman of the board at the end of this month, but will continue to serve as a board member.
 Leonard A. Hadley, Maytag's president and chief executive officer, will become chairman and CEO effective Jan. 1, 1993, according to action taken by the firm's board of directors meeting yesterday in Chicago.
 Krumm, 66, has been associated with Maytag for 40 years and spearheaded the growth of the company into a leading corporation focused on five principal areas of home management: cooking, laundry, dishwashing, refrigeration and floor care.
 Joining Maytag Company in 1952, Krumm held various assignments before becoming a vice president and member of the board of directors in 1970. He became executive vice president in 1971, and president and treasurer in 1972. In 1974, Krumm was elevated to chief executive officer, and he became chairman and CEO in 1986. He stepped down as CEO in April of this year, but has continued to serve as chairman.
 Over the years, Krumm has been active in dozens of industry, civic and cultural organizations and he has received numerous honors. He is past chairman of the National Association of Manufacturers, and earlier this month he was inducted into the Iowa Business Hall of Fame by the Greater Des Moines Committee.
 Krumm is a director on the boards of Centel Corp., Chicago; The Principal Financial Group, Des Moines, Iowa, and Snap-On Tools Corp., Kenosha, Wisc. He is also past chairman of the board of Trustees of Grand View College, Des Moines.
 Hadley, 58, has been president and CEO of Maytag Corporation since April of this year.
 He joined Maytag as a cost accountant in 1959 and held a number of financial positions prior to becoming assistant controller in 1975.
 In 1979, Hadley became vice president of corporate planning, and he was instrumental in the corporation's acquisitions of Hardwick Stove Company, Jenn-Air Company and Magic Chef Inc.
 He became a member of Maytag's board of directors in 1985, and he served as president of Maytag Company from 1986 until February, 1989, when he was named executive vice president of Maytag Corporation. Hadley became the corporation's chief operating officer in 1990, and president and chief operating officer in 1991.
 Hadley is active in a number of organizations and he is a member of the Iowa Business Council. He also serves as a member of Iowa State University Presidents Advisory Council and the Board of Visitors at the University of Iowa College of Business.
 -0- 12/15/92
 /CONTACT: James G. Powell of Maytag Corp., 515-791-8392/
 (MYG)


CO: Maytag Corporation ST: Iowa IN: HOU SU: PER

TM -- NY075 -- 7382 12/15/92 16:23 EST
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Date:Dec 15, 1992
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