Ingvar Larsson appointed CEO of Lindex

Helsinki, Finland, 2014-06-06 12:00 CEST (GLOBE NEWSWIRE) —
STOCKMANN plc, Changes board/management/auditors 6.6.2014 at 13:00 EET

Ingvar Larsson, M.Sc.(Econ.), born 1972, has been appointed CEO of Lindex and Director of the Fashion Chain Division for the Stockmann Group with immediate effect. He has been Design and Purchasing Director at Lindex since June 2013, and was Lindex Country Manager for Sweden in 2010-2013. He has previously held several management positions at H&M. Larsson will report to Stockmann’s CEO, Hannu Penttilä.

Larsson’s predecessor, Göran Bille, has decided to resign from his post. According to his service agreement, he will be available for the company during his period of notice.

“During Göran Bille’s ten years as the CEO, Lindex has grown into one of the leading fashion chains in Europe. I would like to thank Göran for his excellent work in leading the fashion chain’s international expansion. Ingvar Larsson has already proven his abilities in the Lindex management team. I am confident that under his leadership Lindex will continue on its successful journey, developing into a global, world-class brand,” says Hannu Penttilä, CEO of Stockmann.

Further information:
Hannu Penttilä, tel. +358 9 121 5801
Ingvar Larsson, tel. +46 7 27355030

www.lindex-group.com

STOCKMANN plc

Hannu Penttilä
CEO

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