IKEA Group names Jesper Brodin as new CEO

IKEA Group has named Jesper Brodin as its new president and CEO as Peter Agnefjäll moves on from the role. Brodin, currently based in Älmhult, Sweden, will take up his new position in Leiden, The Netherlands, as of 1 September 2017.

This was revealed by Lars-Johan Jarnheimer, chairman of INGKA, in a press statement announcing the move. In the statement, Agnefjäll revealed that he would be taking some time off with family before embarking on his next journey. Prior to the move, he had been with the company for 22 years, with five years in the CEO role.

“I am pleased to welcome Jesper to his new role. I am convinced that his extensive experience, and passion for life at home and retailing, will enable him to successfully continue the remarkable work conducted by Peter Agnefjäll. While I am sad to see Peter leave after many years of service, I respect his decision. Under Agnefjäll’s leadership, IKEA Group has expanded into new and crucial markets, accelerated our retail transformation in order to meet the changing needs of customers, and taken our sustainability commitments further,” Jarnheimer said.

“After 22 extraordinary years at IKEA, and five years after I was brought into this role, I believe it is a natural time for me to take a change of path. These years have meant a lot to me, both personally and professionally, and it’s been a big part of my life. I will now take some time off with my family, before I embark on my next journey. I look forward to continuing to follow the success of this fantastic company with its many talented co-workers,” Agnefjäll said.

“Peter and I have had the opportunity to work side by side over many years and I am the first in the long line of colleagues who would like to thank him for his great contribution and leadership which has helped grow IKEA in many ways during the last period. I believe we have many exciting years ahead and I am excited to be part of the rapid transformation of retail. I am very honoured and excited about my new assignment,” said Jesper Brodin.

During the last year, 783 million people have visited 348 IKEA stores in IKEA Group markets, and 2.1 billion visits to IKEA.com. IKEA Group also has 45 shopping centers with 425 million visitors. The company is strengthening its integration of physical and digital commerce to enable customers to shop in ways that better suits their specific needs. In the coming year, it will also open stores new markets, including India.