Lars-Johan Jarnheimer to become chairman of Ikea Group in January 2015, succeeding Goeran Grosskopf; Ikea's 88-year-old founder Ingvar Kamprad to remain senior adviser to supervisor board

, May 6, 2014 () – Ikea Group, the world’s largest furniture seller, said Lars-Johan Jarnheimer, the former Tele2 AB chief executive officer who serves on the retailer’s board, will become chairman in January 2015.

Jarnheimer will succeed Goeran Grosskopf as chairman of the INGKA Holding B.V supervisory board, the board of the IKEA Group. Grosskopf will become chairman of Stichting INGKA Foundation and two related foundations devoted to charity and management of financial assets, the vendor of flat-pack Ektorp sofas said in an e-mailed statement today.

“With his in-depth knowledge of the company and extensive experience from other parts of the business sector he is the right person to lead the board’s work into the future,” Grosskopf said about Jarnheimer in the statement. Jarnheimer left Tele2, the phone company controlled by Sweden’s Stenbeck family, in 2008 after almost 10 years as CEO.

Ikea Group, which owns the majority of the world’s Ikea stores, is seeking to double sales by 2020 by improving existing stores, opening new ones and expanding online offerings. Fiscal- year 2013 sales rose 3.1 percent to 27.9 billion euros ($38.7 billion), the company said Oct. 14.

Ingvar Kamprad, Ikea’s 88-year-old founder, remains senior adviser to the supervisory board.


To contact the reporter on this story: Katarina Gustafsson in Stockholm at kgustafsson@bloomberg.net To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net David Risser, Robert Valpuesta

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