IKEA names new CEO as Jesper Brodin steps down

After 30 years within IKEA and 8 years as CEO, Jesper Brodin has decided to move on. Juvencio Maeztu, currently deputy CEO, will take on the new role by 5th November 2025, and succeed Brodin, who will remain at the company until February 2026. From then on, Brodin will continue in an advisory capacity to the IKEA Foundation, among other things.

Juvencio Maeztu has spent the last 25 years within IKEA in different roles, starting out in the early 2000s as store manager in Spain. He is known for his purpose-driven, entrepreneurial leadership and has extensive retail and store experience.

"Over the last 8 years Jesper has led the company through unprecedented times with a remarkable contribution, transforming IKEA into an omnichannel retailer while accelerating efforts and truly integrating sustainability into the business. Under Jesper’s leadership, IKEA has expanded into new markets and cities with a variety of formats – meeting the changing needs of our customers. Even if it’s sad to see Jesper leave after 30 years, we have a solid strategy and plan for the coming years and I’m excited about what the future brings. Juvencio has extensive experience of IKEA and the retail business, and I know he is a great fit for the job ahead,” said Lars-Johan Jarnheimer, chairman of Ingka Holding B.V. Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales.

Juvencio Maeztu, incoming CEO of Ingka Group | IKEA, said: “I am deeply grateful for the trust and confidence placed in me. Working alongside Jesper for the last seven years has been a privilege and I’m the first in line to thank him for his amazing contributions, his courageous leadership and most of all, his friendship. I’m thankful to build on the foundation that he and others before him have created. I’m thrilled and excited about what lies ahead for IKEA."