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Ikea to become more open as next-gens up involvement

Ikea, the Swedish furniture giant founded by Ingvar Kamprad, will become increasingly transparent, the company’s chief executive, Mikael Ohlsson, said just days after it was revealed Kamprad’s three sons are getting more involved in the family business.
Ikea to become more open as next-gens up involvement

Ikea, the Swedish furniture giant founded by Ingvar Kamprad, will become increasingly transparent, the company’s chief executive, Mikael Ohlsson, said just days after it was revealed Kamprad’s three sons are getting more involved in the family business.

In an interview with the Financial Times, Ohlsson, who has headed the retailer since 2009, said he knows Ikea is often regarded as a secretive company.

“We have focused always on our customers, on our range, on our suppliers. We have spent very little time to make interviews,” he said.

However, he added that this has already started to change, with the company publishing its first financial results in 2010, almost 70 years after it was founded in 1943.

Last week, an internal magazine for the company’s employees announced future changes in the group’s management, with Ohlsson ready to step down in September 2013, succeeded by Peter Agnefjall, who currently manages Ikea Sweden.

The company also revealed that Ingvar’s three sons have served on Ikea’s board for some time, after climbing up the ranks at the family business.

Peter, the eldest, also heads Ikano, the family’s holding company, while Jonas sits on the board of Ingka Holding, the parent company of the Ikea Group, and Mathias serves as a director at Inter Ikea, the company that owns the Ikea brand.

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