Ikea has appointed the first non-Swedish chief executive of the most important company in its flat-pack furniture empire.
Juvencio Maeztu, a Spaniard who is deputy chief executive and chief financial officer of Ingka, will take over as boss of the group running nearly all Ikea stores from Jesper Brodin on November 5.
Brodin has led the world’s largest furniture retailer for the past eight years through a particularly turbulent time, including the death of founder Ingvar Kamprad, a big business transformation including a push into city centres and online sales, and the Covid-19 and supply chain crises.
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