Ekornes CEO steps down as search for replacement begins

Norwegian furniture manufacturer Ekornes, owner of the Stressless brand, has announced that Roger Lunde has stepped down as CEO.

The Board of Directors has appointed Fredrik Ødegård Nilsen, Ekornes‘ current CFO, as interim CEO and have initiated a process to identify the Company’s next CEO.

“On behalf of the Board and everyone at Ekornes, I want to thank Roger Lunde for his strong efforts and dedication to Ekornes and all of its stakeholders. Since Roger took over leadership in February 2020, he has led Ekornes through an extraordinary period marked by macroeconomic uncertainties and rapidly shifting market conditions. During this period, Ekornes has achieved profitable growth by consistently delivering on strategic priorities, focusing on innovation, supply chain management and optimization of operations across segments and markets,” said Ruihai Zhao, Chair of the Board.

“Under Roger’s leadership, Ekornes has handled the pandemic and market dynamics effectively. Delivering on its long-term strategy, the company today has a solid financial position and is well prepared to adapt to the evolving market conditions”

“I am very proud of our accomplishments at Ekornes over the past years, and how we have made the group develop, improve and grow,” said Roger Lunde. “I am also proud of the team and how we have successfully steered through turbulent times.

“Our continuing record results demonstrate the strength of our long-term strategy, and I am confident that Fredrik and the new permanent CEO will be successful in leading Ekornes’ next phase of profitable growth.”

Fredrik Ødegård Nilsen will become interim CEO effective immediately, while Roger Lunde will be available for the company in a period to ensure a sound transition.

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