Swedish retailer ICA Gruppen has announced that its chief financial officer Sven Lindskog has decided to leave the company by the summer of 2023.
CEO of ICA Gruppen, Per Strömberg commented, "Sven has been a key member of ICA Gruppen’s executive management for nearly a decade and has played a major role in ICA Gruppen’s strong development during his tenure.
"He has contributed to the increased professionalism of ICA Gruppen’s business management and has been a highly appreciated leader."
Lindskog will remain with the company until next summer to ensure a smooth transition and the recruitment of his successor.
He has served as the chief financial officer of the retail group since 2014.
'A Good Time To Hand Over The Responsibility'
Commenting on the decision, Lindskog stated, “Next summer, I turn 60 and will then have spent nine gratifying and exciting years with ICA. It is a long time as a CFO, and I feel it will be a good point in time to hand over the responsibility to a new person.
"Until then, following the buyout from the stock exchange, we will have taken great steps in ICA Gruppen’s long-term financing, and I feel it is the right time for a new person to take over."
He added that he does not intend to take up any new work in the field of business and plans to pursue "other major interests".
© 2022 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.