Flash ReportH&M Appoints New CEO as Chairman Steps Down; Company Reports Profit Rise Coresight Research January 31, 2020 Executive SummaryH&M announced management changes and FY19 earnings. Stefan Persson will step down as H&M Chairman, to be replaced by current CEO Karl-Johan Persson—who in turn will be replaced by current Chief Operating Officer Helena Helmersson. Under Karl-Johan Perrson’s leadership, H&M grew store numbers aggressively, began selling online in most of its markets and launched a number of additional banners. But, after seeing growth slow, the company launched a turnaround plan in 2018. H&M reported its first annual rise in net profit since 2015. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly UK Store Openings and Closures Tracker 2025, Week 39: Amazon and Bodycare To Close All StoresUS CPG Sales Tracker: E-Commerce Sales Surge, Outpacing In-Store GrowthRetail Crime and Shrink: Facial Recognition Tech Gains Ground; Shoplifting Climbs 13% in EnglandUS Store Tracker Extra, January 2025: 50+ Million Square Feet of Retail Space Slated To Close This Year
