Ingvar Kamprad | Pixr8 News

Jon Abrahamsson Ring, a former assistant to furniture giant Ikea's founder Ingvar Kamprad, has been named new chief executive (CEO) of the Inter Ikea Group, the company said Tuesday. Abrahamsson Ring, 45, will take over the reins on September 1, replacing Torbjorn Loof, 54, who resigned after seven years at the head of the group, it said in a statement. Under Loof's management, the Swedish flat-pack furniture company expanded into 15 new markets and is scheduled to open its first South American store in Chile next year. His newly appointed successor joined Ikea in 1998 as a trainee and worked for the company in Canada before becoming Ingvar Kamprad's assistant for four years and then holding a senior position in China. In 2008, Abrahamsson Ring left Ikea to become CEO of the Swed...

The founder of Furniture retailer IKEA and Ikano, and one of the greatest entrepreneurs of the 20th century, Ingvar Kamprad, has peacefully passed away, at his home in Småland, Sweden, on the 27th of January. Surrounded by his loved ones, he died at the age of 91, following a short illness. Ingvar Kamprad was born in 1926 in Småland in southern Sweden. He was just 17 years old when he founded the company IKEA. Ingvar’s driving force was the vision of creating a better everyday life for the many people. “We are deeply saddened by Ingvar’s passing. We will remember his dedication and commitment to always side with the many people. To never give up, always try to become better and lead by example”, says Torbjörn Lööf CEO and President of Inter IKEA Group. Ingvar Kamprad was a great...

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Ikea Founder’s Assistant Named New CEO

91 Years Old IKEA Founder Passed Away