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Biggest IKEA retailer names veteran Juvencio Maeztu CEO
Business World Philippines
|August 15, 2025
The world’s biggest retailer of IKEA furniture said on Wednesday Chief Executive Officer (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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Mr. Maeztu takes the top job at Ingka Group as the Swedish retailer grapples with US tariffs, wars and geopolitical tensions that risk disrupting its operations spanning 31 countries from Europe to China, India and the United States.
Mr. Brodin, CEO since 2017, said his decision to step down was not easy, but that it was the right time to do so. Mr. Maeztu is to start in the new role by Nov. 5, with Mr. Brodin staying at the company until the end of February to ease the transition.
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