SWEDEN (Notifix).- Mathias Kamprad has been appointed Chairman of the Board of Inter IKEA Holding SA, the holding company of Inter IKEA Group. Prior to Mathias appointment as Chairman he served as Director of the Board. At the same time Ingvar Kamprad, the 87 year old founder of the company, has decided to leave the board. “I see this as a good time for me to leave the board of Inter IKEA Group.

By that we are also taking another step in the generation shift that has been ongoing for some years. This does however not mean that I will stop working. My passion and engagement for the many people, the IKEA concept, simplicity and cost consciousness is as strong as ever. I will continue share ideas and views. And I will continue to spend time in the stores and in the factories to work with people and help achieve constant improvement. Our journey has just started” said Ingvar Kamprad in a statement.

Ingvar Kamprad, IKEA founder.