Home / Knowledge / News / Retail / Stockmann appoints new CEO and CFO

Stockmann appoints new CEO and CFO

Aug '19
Pic: Stockmann
Pic: Stockmann
Stockmann has announced that the company has named Jari Latvanen as new chief executive officer and Pekka Vähähyyppä as the chief financial officer and as a member of Stockmann’s management team, as of August 19, 2019. Stockmann is a Finnish listed company engaged in the retail trade. Stockmann’s divisions are the Stockmann Retail, Real Estate, and Lindex.

Latvanen has previously served as president and CEO of HKScan, vice president of Stora Enso, CEO of Findus Nordic, and has held several management positions at Nestlé, according to Stockmann.

“Latvanen has strong skills to guide Stockmann’s transformation journey further. He has a broad track record in leading strong consumer brands and a clear vision for developing the retail business. I am confident that he is a leader who can motivate our people to work towards achieving our goals in the coming years,” Lauri Ratia, chairman of the Board of Directors said.

“I’m excited to join the Stockmann in a situation where a new direction has been identified and rapid changes are taking place in retailing. Stockmann is a strong brand and has a strong foothold in premium shopping in both traditional and online markets. The new strategy together with the talented team will further strengthen our position. Our goal is to reposition Stockmann in a way that inspires and resonates with all stakeholders,” Latvanen said.

Vähähyyppä has most recently served as the CFO at Finnair. Before that, he worked as the CFO of Stockmann from 2000 to 2015.

“Vähähyyppä has a long and extensive experience in the retail and consumer businesses and a strong track record in many demanding change and restructuring projects. I am happy to welcome Vähähyyppä back to Stockmann,” Ratia said. (GK)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

E-commerce | On 18th Aug 2019

E-commerce sales grow faster in rural China in H1

Rural China saw faster growth in e-commerce sales compared to urban...

Pic: Steve Madden

Apparel/Garments | On 18th Aug 2019

Steve Madden acquires Italian footwear brand Greats

Steve Madden, a designer and marketer of fashion footwear and...

Pic: Shutterstock

Retail | On 18th Aug 2019

For every US retailer closing stores, 5 are opening: IHL

More than five retail chains are opening stores for every retailer...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

August 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search