Helena Helmersson

Helena Helmersson (born 1973) is a Swedish former business executive. From 2010 to 2020, she was head of sustainability at the Swedish retail clothing company H&M,[1] and from 2020 to 2024 she was its CEO.[2]

Helena Helmersson
Born
Helena Helmersson

1973 (age 50–51)
NationalitySwedish
OccupationBusiness executive
Organization(s)Former chief executive (2020-24), H&M

Early life

Helmersson was born in Skellefteå in the north of Sweden along with her parents and two sisters. She graduated with a master's degree in international business administration from the Umeå School of Business and Economics in 1997.[1]

Career

Helmersson joined joined H&M in 1997. She became a section manager in the buying office before she went to Dhaka, Bangladesh in 2007 where she was H&M's production manager. After a further period serving as their department manager for underwear production in Hong Kong.

In 2010 when she returned to Stockholm to be manager for social responsibility and supply.[3][4] Helmersson's responsibilities covered the improvement of the social and environmental sustainability of supply, contributing to H&M's sustainability strategy which was initially implemented in the 1990s.[5]

In March 2014, Helmersson was listed as Sweden's "Most Powerful Woman in Business" by the weekly business magazine Veckans Affärer.[1]

In 2019, she received the "Influential Leader" recognition from the Association to Advance Collegiate Schools of Business (AACSB) for influencing the way corporations view sustainability.[6]

She was appointed CEO of H&M on 30 January, 2020. During her tenure H&M faced financial challenges due to the Covid pandemic[7] and losses from disinvesting in Russia as a result of the Russo-Ukrainian war as well as global supply chain difficulties and costs.[8]

On 31 January 2024, it was announced that Helmersson would be replaced as CEO of H&M by Daniel Ervér.[9][10]

[…]it has been very demanding at times for me personally and I now feel that it is time to leave the CEO role, which of course has not been an easy decision.

— Helmersson[9]

References
  1. "Alumna from Umeå University is named most powerful woman in business". Umeå University. Retrieved 11 September 2015.
  2. "Stefan Persson lämnar som styrelseordförande i H & M Hennes & Mauritz AB vid årsstämman och föreslår att Karl-Johan Persson efterträder honom. Helena Helmersson har utsetts till ny vd" (in Swedish). 30 January 2020. Archived from the original on 30 January 2020.
  3. "Helena Helmersson: Chief Sustainability Officer, H&M". Business of Fashion. Retrieved 11 September 2015.
  4. "Speaker: Helena Helmersson". BSR. Retrieved 11 September 2015.
  5. "Helena Helmersson: Head of Sustainability – H&M". Nordic Fashion Association. Retrieved 12 September 2015.
  6. "Helena Helmersson | 2019 AACSB Influential Leader". www.aacsb.edu. Retrieved 2 February 2024.
  7. "H&M suffers steep loss as pandemic hits sales". FT.
  8. "H&M profits tumble after Russia exit and soaring costs". FT.
  9. Richard Milne (31 January 2023). "H&M chief quits as fashion chain struggles to lift profits".
  10. "H&M Replaces CEO With Immediate Effect As Sales And Stock Slump". Forbes. 30 January 2020. Retrieved 31 January 2024.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.