IKEA – Juvencio Maeztu appointed new CEO

IKEA, the global leader in home furnishings, has announced Juvencio Maeztu as its new Chief Executive Officer, marking a historic leadership transition. Maeztu, who previously served as Deputy CEO and CFO of Ingka Group (the largest IKEA franchisee), brings over two decades of leadership within the IKEA ecosystem, having held roles across Spain, India, and the UK. His appointment comes at a pivotal time as IKEA accelerates its transformation to become a fully omni-channel retailer, balancing physical store expansion with digital-first strategies. Maeztu has been instrumental in IKEA’s global growth, overseeing financial discipline, digital transformation, and sustainability initiatives. As CEO, his priorities will include driving circular economy initiatives, strengthen e-commerce capabilities, and advance the company’s climate-positive agenda. IKEA’s board has highlighted his strong leadership values, people-first approach, and deep understanding of the company’s culture as critical assets for its next phase of growth. The leadership change also underscores IKEA’s emphasis on continuity and long-term vision, as Maeztu succeeds in building upon the foundation laid by his predecessors. With global retail facing disruptions from changing consumer behaviors, Maeztu’s stewardship is expected to position IKEA as a resilient, innovative, and socially responsible leader in the sector.