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CEO of Biggest IKEA Retailer Steps Down

Summary by RTÉ
The world's biggest retailer of IKEA furniture said today that CEO Jesper Brodin was stepping down after eight years, to be succeeded by Spaniard Juvencio Maeztu, the first non-Swede to lead the group.

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The 57-year-old Spaniard Juvencio Maeztu takes over the IKEA Empire in the midst of tariff and geopolitical tensions.

·Paris, France
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The Swedish multinational of the furniture Ikea has announced this week that the Gaditan Juvencio Maeztu will be the new president of the company from next year. It is not an appointment that surprises those who know him, although Maeztu will be the first foreign president of the multinational. It is not surprising because Maeztu is an absolutely Ikea man, in his forms and in his background. From Cadiz, Spanish, but with multicultural and Swedis…

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WTVB broke the news in on Wednesday, August 13, 2025.
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