Juvencio Maeztu To Succeed Jesper Brodin As CEO & President Of Ingka Group

Ingka Group, the largest IKEA retailer, has appointed Juvencio Maeztu as Chief Executive Officer (CEO) and President, effective November 5, 2025. He will take over from Jesper Brodin, who will step down after eight years in the role and 30 years with the company.

Brodin will remain with Ingka Group until February 2026 before moving to an advisory role with the IKEA Foundation.

Maeztu, currently Deputy CEO, joined IKEA in the early 2000s as a Store Manager in Spain and has held multiple senior positions during his 25-year tenure, contributing to retail transformation and global market expansion. Prior to IKEA, he served as Managing Director (MD) at Fronda Centros de Jardineria. He holds a bachelor’s degree in economics from Universidad de Cádiz, Spain, and an MBA from IESE Business School, Spain.

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