H&M keeps it all in the family as top jobs are reshuffled
The Swedish fashion giant has reported its first rise in annual profit since 2015 and showed unexpectedly strong fourth-quarter profit growth
Stockholm — Swedish fashion giant H&M appointed company veteran Helena Helmersson as CEO on Thursday as it reported its first rise in annual profit since 2015 and pleased the market with unexpectedly strong fourth-quarter profit growth.
Helmersson has been with H&M for more than two decades and has held positions from head of sustainability and global head of production to, most recently, COO. She replaces the founder’s grandson Karl-Johan Persson, who moves to the role of chair...