Stefan Persson, will depart from the H&M – the company changes its ceo

”My hope is that there is a change in the office of president at the next annual general meeting, and by mr Karl-Johan will take over my role as the chairman of the board. It is a natural occurrence for more than 20 years as chairman, handing over to Karl-Johan, who has been ceo for nearly 10 years, " he adds in a press release.

mr Persson has served as chairman of the H&M for more than 20 years ago.

”I'm going to be just as committed to the owner, as in the past, but from a different point than the one I have now. In addition, it is a good time to make that change, then we will deliver the increase in performance, and are in a strong position, with many well-established brands to millions of customers around the world, and with good financial strength,” said Stefan Persson, who, according to Bloomberg.
H&M's new president, Helena Helmersson was presented at a press conference held in conjunction with the Karl-Johan Persson, Adam Explains. Photo: Magnus Hallgren

Mary Landeborn, sparekonom at Danske Bank, said that the announcement is probably a surprise to most.

" a couple Of years, as sales had been poor for years, got a lot of votes on this, but for now, no one is talking about it anymore. It will be like a bolt of lightning from a clear sky, " says Mary Landeborn.

then again, that's Why Stefan Persson (chair)

at the same time, the situation is better than in a long time. The fashion chain has just recently been in big trouble.

" They leave with a good result, even if the one that gets the most attention, is the president and ceo of the bit. However, it is a good result, and at the direction of the H&M is now to prove that they've done – they're on the right track, and have been able to adapt to the new realities of the fashion industry – suggest that it would be a good time to do this kind of a great castle. It is always better to make a big change, when things are going well, " said Johanna, Clutch, sparekonom of the Avanza.

in 1997, as a bookkeeper in the purchasing department. Subsequently, she held a variety of roles in purchasing and production. Helena Helmersson, was the director of sustainability for five years and then a production manager, based in Hong kong. For more than a few years, she has served as the chief operating officer (chief operating officer), responsible for the expansion of the logistics, production, information technology, and Advanced data analysis/AI, as well as the Insights and Analytics.
president and Ceo, Karl-Johan Persson, is proposed as the new chairman of the board. Photo: Magnus Hallgren

" I am confident in handing over the role of md to Helena, who is a very experienced and a good leader who lives our values. Helena will be working on the plan that we have set for the year 2020 and beyond, " says the outgoing ceo Karl-Johan Persson in a press release.

got the top of my list of this Week's Deals of the industry's most powerful executives.

"She is clearly a major vote of confidence in the storägarna a family Person," says Johanna, Clutch, sparekonom of the Avanza.

Karl-Johan Persson, asked the H&M cfo Jyrki Tervonen on to become the president at the Ramsbury Invest. He will take up his new role in Ramsbury on the 1st of July. By Adam Carlson, who is currently working as a head of accounting for the H&M brand, will now take over as the chief financial officer of the H&M group.

the accounts of the company for a pre-tax profit of eur 5.4 billion in the fourth quarter, the company's non-calendar financial years. In the corresponding period of the previous year, the company made a profit of 4.4 billion in the millions of dollars.

the Board of directors proposes, at the same time, maintaining the current dividend payment to the shareholders on the 9th of 75 per share for the year.

”the Business is showing a gradual improvement, investment (capital expenditures) decrease in 2020, and that the varulagersituationen has improved, and that the company has a strong financial position, having regard to the kapitalstrukturmålet.

net Sales amounted to sek 61.7 billion, compared to 56,4 million euros a year earlier.

Read more: the Stock market liked the change.

for more information, see Klädjätten will begin to sell an NFL-clothes.