Norwegian furniture manufacturer Ekornes, owner of the Stressless brand, has announced a change in its Group Executive Management with Tine Hammernes Leopold stepping down as Group CEO, by mutual agreement with the Board, and Fredrik Ødegård Nilsen appointed as the new Group CEO.
The change reflects different perspectives on how to best execute the company’s strategy going forward. Tine Hammernes Leopold will remain available for a period to ensure a smooth and orderly transition.
Ruihai Zhao, Chair of the Board of Ekornes, commented: “On behalf of the Board, I would like to thank Tine Hammernes Leopold for a significant contribution during a period characterized by high complexity and challenging market conditions. Under Tines leadership she has developed the organization and established an important foundation for further improvement efforts.
“At the same time, the parties have now agreed on a change. We have great confidence that Fredrik Ødegård Nilsen will lead Ekornes forward with clear priorities and a high pace.”
Tine added: “It has been a privilege to lead Ekornes. I am proud of the work that we have accomplished together with employees, management, and the Board to position the company for the future. I sincerely wish Fredrik Ødegård Nilsen and the team every success in the work ahead. My focus now is to contribute to a seamless transition.”
Fredrik Ødegård Nilsen comes from the role of EVP & CFO and has broad insight into the company’s operations and strategic priorities. “I am grateful for the trust and take on the role with great respect. I am assuming leadership of a company with significant potential that is well positioned for the future,” Fredrik said.
“My focus will be on creating clear direction, strong execution capability, and rapid impact in our most important priorities. We will strengthen operations and delivery capability, improve productivity, and ensure initiatives that make us an even better partner for our customers. Together, we will continue to build on Ekornes’ strong brands and long-term opportunities.”
