IC Group appoints interim CEO for Tiger of Sweden

Following the resignation of Tiger of Sweden CEO Hans-Christian Meyer on February 18, 2019, IC Group A/S has appointed the brand’s Chief Marketing Officer Moa Strand, as interim CEO. The company said in a statement that it has already embarked on the recruitment process for a new CEO of Tiger of Sweden.

In its recent trading update on February 6, the company said that it expects a minor revenue reduction measured in local currency for the full year, while EBIT margin is expected at a level of 1 to 2 percent prior to non-recurring costs in respect of the transformation of the group. For Tiger of Sweden, the company added, a minor revenue reduction measured in local currency and a moderate decline in nominal earnings are expected compared to prior outlook of increase in revenue and nominal earnings at the same level as last financial year.

Picture:Tiger of Sweden website