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 15: Amazon Closes Amazon Fresh Store; T.M.Lewin To Open One StoreConsumer Sentiment Stabilizes… for Now; Plus, Inflation Awareness Rises: US Consumer Survey InsightsHigher-Income Sentiment Improves; Holiday Shopping Is Firmly Under Way: US Consumer Survey Insights2026 Sector Outlook: US CPG—Volume Growth, GLP-1 Influence and Digital Acceleration To Drive CPG Growth
