He leaves Stockmann – Today’s Trading

Per Thelin resigns from his post as CEO of Stockmann today, April 4.

The Board of Directors has initiated a search process for a new CEO.

CFO Lauri Veijalainen has been appointed as Stockmann’s Interim Executive Director.

“the new strategy was established in December 2014. After that the agreed strategic actions – especially the sales of department stores in Russia and Seppälä – executed according to plan. We have introduced a new corporate structure that consists of Stockmann Retail, Real Estate and Lindex and all three of these devices evolve. I want the whole board’s behalf to thank Per Thelin for his important contribution to the achievement of Stockmann’s strategic goals and to have a good foundation for the company’s future success, “writes Chairman Jukka Hienonen in a press release.

Per Thelin writes in the press release: “We have since the end of 2014 brought about a significant change in Stockmann’s operations. This has been a team work where the entire management team and our staff have worked together for a common goal: to turn Stockmann back to profitability. The changes that have been made enabling Stockmann can begin the next strategic phase, which focuses on new growth opportunities and multichannel customer experiences. “

Stockmann owns among others the fashion chain Lindex.

” Stockmann’s CEO leaves immediately effect “is the business newspaper Dagens Industri headline on the news in the morning’s online edition.