Swedish fashion giant KappAhl has found its replacer for Johan Åberg. Danish Danny Feltmann Espersen from H&M will take the position as Group CEO.
Danny Feltmann Espersen has been appointed new President and CEO of KappAhl. Danny Feltmann Espersen has extensive experience from senior positions in the fashion and retail industry, amongst others from H&M.
He will assume his new position on 1 December 2015. Johan Åberg left the company during the summer.
“I am very pleased that we have recruited an experienced and qualified person as Danny Feltmann Espersen to KappAhl. With his Nordic perspective and the results he has achieved during his career he has what it takes to successfully lead and develop KappAhl”, says Chairman of the Board Anders Bülow.
Danny Feltmann Espersen is 47 years old and has worked over seventeen years in several roles within H&M, including as a member of the group executive board with responsibility for logistics and the expansion of e-commerce. He has also worked as member of the group executive board at Bang & Olufsen with responsibility for global sales and marketing. In the past three years he has worked with private equity-controlled companies, amongst others as president and co-owner of skin care company Karmameju and with Joe & the Juice.
“I am looking forward to coming back to the fashion industry as the leader of KappAhl. KappAhl is a very interesting company with a long and strong history, and therefore feels like the right company for me to contribute to the development and results”, says new President and CEO Danny Feltmann Espersen.