Tove Westermarck to Leave Lindex Group's Stockmann Division in Autumn 2024

Tove Westermarck, COO of Lindex Group's Stockmann division, will leave the company in autumn 2024 to join a new employer. The recruitment process for a new COO has been initiated, and Westermarck will continue in her current role until her departure.

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Bijay Laxmi
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Tove Westermarck to Leave Lindex Group's Stockmann Division in Autumn 2024

Tove Westermarck to Leave Lindex Group's Stockmann Division in Autumn 2024

Tove Westermarck, the Chief Operating Officer (COO) of Lindex Group plc's Stockmann division and a member of the company's executive management team, will be leaving the company in autumn 2024 to join a new employer. Westermarck will continue in her current role until her departure, and the recruitment process for a new COO has been initiated.

Why this matters: The departure of a high-ranking executive like Westermarck can have significant implications for the company's strategy and operations, particularly in the retail industry where leadership stability is crucial. This change in leadership may also impact Stockmann's ability to compete in the market and adapt to changingconsumer trends.

During her long tenure with Stockmann, Westermarck has played a significant role in developing the company's department store and online business. She has held various demanding leadership positions in different areas of the business operations and has worked alongside the company's employees through many phases of change.

Susanne Ehnbåge, CEO of Lindex Group plc, praised Westermarck's contributions, stating, "Tove has played a significant role in the development of Stockmann's department store and online business during her long Stockmann career. She has held demanding leadership positions in many different areas of our business and has worked alongside our people through many phases of change." Ehnbåge added, "I would like to thank Tove already at this stage for her dedicated work to improve the profitability of Stockmann's business and to develop the Stockmann brand and customer experience."

Under Westermarck's leadership, the implementation of Stockmann's updated strategy from November has begun, focusing on assortment, loyalty programs, omnichannel development, and cost efficiency. Westermarck reflected on her time at the company, saying, "Stockmann is a work community, with a strong merchant mindset - a desire to provide the best quality and service in the city - and a love for our iconic brand. I have been privileged to develop Stockmann in a broad and international way and work with such great people throughout my career so far. My warm relationship with the company will continue, now that I'm moving on to a new job. I'm convinced that our committed team will drive the implementation of our strategy with determination, further strengthening the customer experience and building a good foundation for Stockmann's future growth."

Lindex Group plc is an international multichannel retail group with two divisions: Lindex and Stockmann. Stockmann is a premium multi-brand retailer with department stores in Finland and the Baltics. In 2023, the Lindex Group's revenue was EUR 952 million and it had some 5,800 employees.

Tove Westermarck's departure marks the end of an era for Stockmann, as she has been instrumental in shaping the company's department store and online business during her long career. As the recruitment process for a new COO begins, Stockmann remains committed to implementing its updated strategy and strengthening its position as a premium multi-brand retailer in Finland and the Baltics.

Key Takeaways

  • Tove Westermarck, COO of Lindex Group's Stockmann division, to leave in autumn 2024.
  • Westermarck played a significant role in developing Stockmann's department store and online business.
  • Recruitment process for a new COO has been initiated.
  • Stockmann remains committed to implementing its updated strategy.
  • Westermarck's departure marks the end of an era for Stockmann.