Stefan Persson news and archive

Karl-Johan Persson to step in as H&M Group Chairman, Helena Helmersson named new CEO

After serving the company for over 20 years as Chairman of the board, Stefan Persson has decided not to stand for re-election at the AGM on May 7, 2020, paving way for current CEO Karl-Johan Persson to succeed him in the role. The company’s board of directors has therefore appointed Helena Helmersson as the new CEO of H & M Hennes & Mauritz AB....

Business

Stefan Persson increases stake in H&M Group

London - Stefan Persson, Chairman of the H&M Group, has increased his stake in the fashion conglomerate. He currently holds a 40 percent stake in the Group after acquiring 2.1 million shares in the Swedish company. Persson purchased 1.6 million B-shares in H&M on June 29, priced at 209 Swedish crowns (19.03 pounds) per share and an additional...