By Andrea Figueras


H&M Hennes & Mauritz said it has appointed Daniel Erver as its new president and chief executive officer.

Erver will succeed Helena Helmersson, who has decided to step down after 26 years at the company and four years as CEO, the Swedish fashion retailer said Wednesday.

Erver has worked for 18 years at the company and is currently the head of H&M, the largest brand within the group, it said.

"Daniel, who takes over as CEO today, will continue to be operationally responsible for H&M, which means that no successor to Daniel as head of H&M will be appointed," the company said.


Write to Andrea Figueras at andrea.figueras@wsj.com


(END) Dow Jones Newswires

01-31-24 0230ET