What: Jari Latvanen steps down and is replaced by Susan Ehnbage, who was previously in charge of Lindex.

Why it is important: Now that the transformation has been engaged at Stockmann, leadership is handed over to insiders with an experience in fashion retail business.

Stockmann plc has announced the appointment of Susanne Ehnbåge as its new Group CEO, effective immediately. Ehnbåge, who has been leading Stockmann's fashion retailer Lindex since 2018, succeeds Jari Latvanen, who is leaving the company. Ehnbåge has had previous leadership roles in NetOnNet Group and SIBA, and her appointment is seen as a move to continue Stockmann's growth and transformation strategy, and further the company's digitalization efforts,

In addition, Tove Westermarck has been appointed as the Chief Operating Officer (COO) of the Stockmann division. Both Ehnbåge and Westermarck will play key roles as the company focuses on accelerating growth and increasing shareholder value after significant debt reduction and restructuring.

Stockmann appoints a new CEO