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IKEA Groups appoints new VP and future CEO – Retail in Asia

Retail in Asia

In People

IKEA Groups appoints new VP and future CEO

IKEA Group’s leadership is being passed on to a new chief executive who is expected to take the Swedish furniture retailer into the future.

The baton has been passed when current President and CEO Mikael Ohlsson informed the IKEA board that he is stepping down from his position a year from now.

The company announced that Peter Agnefjäll was appointed Vice President of the IKEA Group from 1 September 2013. He will also be the future President and CEO of the IKEA Group.

The 41-year-old executive is currently the country manager of IKEA Sweden and has since 1995 held a number of leadership positions in the IKEA Group, in Sweden and internationally.

Göran Grosskopf, Chairman of Ingka Holding BV – the parent company of the IKEA Group, said in a news release that Agnefjäll will continue to build on Ohlsson’s accomplishments.

Ohlsson, 55, will remain President and CEO of the IKEA Group until 1 September. He said he plans to use his 34 years of experience at IKEA, mostly in senior operational positions and since 1995 in the executive management, in a board capacity in various businesses and organizations and spend more time with his family.

“I would like to thank Mikael for putting his soul into IKEA over 34 years, especially as CEO during these past important years. I am very happy that he has agreed to stay on for another year, to support Peter and secure a good IKEA transition” said IKEA founder Ingvar Kamprad.