Juvencio Maeztu, currently Deputy CEO, has spent the last 25 years within IKEA in different roles, starting out in the early 2000s as Store Manager in Spain. He is known for his purpose- driven,entrepreneurialleadershipandhasextensiveretail andstoreexperience.Hesucceeds Jesper Brodin, who after 8 years as CEO and 30 years within IKEA, has decided to move on.
“IKEAisbuiltonastrongpurposeandvisionofcreatingabettereveryday lifeforthemanypeopleformed by our founder Ingvar Kamprad and embraced by our nearly 170.000 co-workers. Over the last 8 years Jesper has led the company through unprecedented times with a remarkable contribution, transforming IKEA into an omnichannel retailer while accelerating efforts and truly integrating sustainability into the business. Under Jesper's leadership, IKEA has expanded into new markets and cities with a variety of formats – meeting the changing needs of our customers.
Even if it's sad to see Jesper leave after 30 years, we have a solid strategy and plan for the coming years and I'm excited about what the future brings. Juvencio has extensive experience of IKEA and the retail business,andIknowheisagreatfitforthejobahead,” said Lars-JohanJarnheimer,Chairman ofIngka Holding B.V.
“Iamdeeplygrateful forthetrustandconfidenceplacedinme.WorkingalongsidewithJesperforthelast seven years has been a privilege and I'm the first in line to thank him for his amazing contributions, his courageousleadershipandmost of all, hisfriendship. I'mthankful tobuildonthefoundationthat he and others before him have created.
I'm thrilled and excited about what lies ahead for IKEA. The depth of our vision and our commitment to affordabilityandthelowpriceismorethanourbusinessidea-it'sourresponsibilitytothemanypeople. WehavetheopportunitytoamplifytheessenceofIKEAandplayanevenbigger rolearoundlifeathome in the world,” said Juvencio Maeztu, incoming CEO of Ingka Group | IKEA.
“After30inspiringyearswithinIKEAandtherecent8yearsasCEO,Ihavetakenthedecision tomoveon. Doing that, I'mproud of how we have navigated unprecedented challenges across the last years, always guidedbyourcultureandvalues,whiletransformingIKEAtoanomnichannelretailer withsustainability at our core. We are serving more people in better ways than ever before and I'm genuinely optimistic about IKEA'sfuture. Nowistheright timetomoveonandI'mexcitedforJuvencio totakeover – hisdeep commitment to business, people and planet inspires me and as we find ourselves in the most important decade of humanity – I know he will lead with purpose at heart.
The decision to take the next step hasn't been easy. A big heartfelt thank you to the IKEA community – over the years I have had the opportunity to get to know people across the world and develop deep friendships, memories and experiences that will last for a lifetime. For that I'm forever grateful. Going forward, I hope to apply my experience in business and sustainability to support and inspire more organisations,”saidJesperBrodin,CEOofIngkaGroup|IKEA.
Juvencio will start the new role by November 5, 2025, and succeed Jesper who will stay in the companyuntilendofFebruary 2026.ThereafterJesper willcontributeasaSenior AdvisortoIKEA Foundation, among other things.
SOURCE Ingka Group
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