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Dan Lucas: Why the leave, and Stefan Persson of H&M

leaving the post of president. , Karl-Johan Persson, will leave the ceo seat to become the new chairman of the board. Why is that? Stefan Persson and family

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Dan Lucas: Why the leave, and Stefan Persson of H&M

leaving the post of president. , Karl-Johan Persson, will leave the ceo seat to become the new chairman of the board. Why is that?

Stefan Persson and family, I thought it was about time, it is easy to answer. Still, it's a surprise. H&M has had a difficult year, and Karl-Johan Persson, have been under pressure, and challenged, and held a dominant owner, and he had been loose.

But the tide has turned, and the group is a major vinstlyft at the same time, with the news of the coming shift in the been the presidential seat. Stefan Persson, who is filling 73 years of age, then decide to come back, it can thus be seen as a natural next step. Both he and his son can leave for their respective missions after they were successful.

It remains to be seen. However, the power is still in family hands. H&M may be a publicly traded company, but it is, in essence, a family-owned company. The Stefan Persson family's control of 74% of the vote. It has not been changed in any way by today's announcement. Calif, writes that he will continue to be an active owner.

H&M has been slow to adopt the technologies and it has cost the group a huge amount over a number of years. However, the Persson family, has been shown to be able to handle, even with the setbacks, and it can turn them into success stories. That is why it should not be a shift in the ceo - and the ordförandeposterna negatively impact the group.

she has been in H&M and true for over 20 years and has risen through the ranks. As a product manager, and a few years ago as the chief operating officer, she has served as a key member of the H&M in the turn of events.

It is obvious that the owners have a lot of confidence in her, otherwise, she had not been given an assignment. As the chief operating officer will be the next natural step in their career as the ceo of the chair.

Read more: the Stock market liked the change.

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