H & M Hennes & Mauritz AB (publ) announced after more than 20 years as Chairman of the Board, Stefan Persson has decided not to stand for re-election at the AGM on 7 May 2020. Stefan Persson wishes Karl-Johan Persson to succeed him as Chairman of the Board at the AGM. The Board of Directors has therefore decided that Helena Helmersson will succeed Karl-Johan as CEO of the company.