Lindex Oyj : Change in Group Management Team of Lindex Group plc
May 14, 2024 at 02:07 am EDT
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Published: 2024-05-14 08:00:00 CEST
Lindex Group Oyj
Changes board/management/auditors
Change in Group Management Team of Lindex Group plc
LINDEX GROUP plc, Changes board/management/auditors, 14.5.2024 at 9:00 EEST
Change in Group Management Team of Lindex Group plc
Chief Operating Officer (COO) of Lindex Group plc's Stockmann division and member of the Group Management TeamTove Westermarckwill join a new employer. She will continue in her role in the Lindex Group until autumn 2024. The recruitment process for a new COO has been initiated.
"Tove has played a significant role in the development of Stockmann's department store and online business during her long Stockmann career. She has held demanding leadership positions in many different areas of our business and has worked alongside our people through many phases of change. Last November, the Stockmann division's strategy was updated, and its implementation was started under Tove's leadership with a focus on the development of offering, loyalty programme and omnichannel experience as well as cost efficiency improvement," says the CEOSusanne Ehnbåge. "I would like to thank Tove already at this stage for her dedicated work to improve the profitability of Stockmann's business and to develop the Stockmann brand and customer experience," Ehnbåge adds.
"Stockmann is a work community, with a strong merchant mindset - a desire to provide the best quality and service in the city - and a love for our iconic brand. I have been privileged to develop Stockmann in a broad and international way and work with such great people throughout my career so far. My warm relationship with the company will continue, now that I'm moving on to a new job. I'm convinced that our committed team will drive the implementation of our strategy with determination, further strengthening the customer experience and building a good foundation for Stockmann's future growth," says Tove Westermarck.
LINDEX GROUP plc
Susanne Ehnbåge
CEO
Further information:
Group Communications & Investor Relations
MediaDesk tel. +358 50 389 0011 info@stockmann.com orinvestor.relations@stockmann.com
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Nasdaq Helsinki
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Lindex Group plcis an international multichannel retail group with two divisions: Lindex and Stockmann. Lindex is a global fashion company with a purpose to empower and inspire women everywhere. Its three strong categories include women's and kids' wear as well as lingerie, where it is a market leader in the Nordics. Stockmann is a premium multi-brand retailer with department stores in Finland and the Baltics. Its purpose is to be a marketplace for a good life. In 2023, the Lindex Group's revenue was EUR 952 million and it had some 5 800 employees. The Group's roots lie in the Stockmann company founded in 1862 and its shares are listed on the Nasdaq Helsinki Ltd. in Finland.www.lindex-group.com
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Lindex Group Oyj, formerly Stockmann Oyj Abp, is a Finland-based company active in the retail trade sector. The Company's operations, along with its subsidiaries, are structured into three business divisions: Fashion Chains (Lindex), which implies in the fashion trade, Stockmann Retail, which is engaged in the department store trade and distance retailing, and the Real Estate segment, which manages the use of space in the properties owned by the Company and its subsidiaries (the Group). The Fashion Chains segment covers over 450 stores in more than 10 countries, where the products comprise women's wear, lingerie, children's wear and cosmetics. The Stockmann Retail segment comprises department and the Stockmann online stores. The Real Estate segment comprises the properties owned by the Group in Helsinki, St Petersburg, Tallinn and Riga and used by the Group or external tenants. The Group operates in Sweden, Norway, the Baltic states among others.