Swedish furniture giant Nobia has appointed executive vice president for the UK Kristoffer Ljungfelt as president and CEO of Nobia.

He succeeds Jon Sintorn who will leave Nobia to assume a CEO position in another company, and will transition to the CEO role by no later than July 1, 2024.

His immediate focus will be to ensure the completion of the upcoming right’s issue and an “orderly” transition of the UK leadership to his successor.

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Ljungfelt joined Nobia in 2013 and has held senior positions within the company, including Group CFO, director of Sigdal in Norway and financial director Nobia Nordics.

Before joining Nobia, he held various senior positions at Electrolux, and holds a MSc in Corporate Finance and a BSc in Financial Accounting from Lund University, Sweden.

Chairman of Nobia Jan Svensson commented on his appointment: “The Board has conducted a thorough recruitment process and we are pleased to be able to name an internal candidate to lead Nobia.

“Kristoffer has deep understanding of the kitchen industry and Nobia based on his previous roles in the company.

“More recently, he has been instrumental in the transformation of the UK business.

“By appointing Kristoffer, we make sure that we keep the momentum in the ongoing transformation to return Nobia to solid profitability”.

Kristoffer Ljungfelt added: “I’m both proud and excited that the Board has given me the opportunity to lead this company.

“Nobia boasts market-leading brands with award-winning products and a very strong organisation.

“With the successful ramp-up of our new, state-of-the-art factory in the Nordics and a turnaround in the UK, we will be in an excellent position to realise our full potential going forward.”