Juvencio Maeztu is set to become the new CEO of Ikea this November after 25 years of loyalty to the company. His career began as a store manager in Spain in 2001, and he has steadily risen through the ranks. Maeztu expressed gratitude for the opportunity and highlighted the strong foundation and direction of the company, along with its impressive workforce. He joins leaders like outgoing CEO Jesper Brodin and Walmart's Doug McMillon, who also dedicated decades to their companies, emphasizing the value of long-term commitment in achieving leadership roles.
"I feel deeply grateful, humble and responsible for the trust and confidence placed in me. Working with [outgoing CEO] Jesper Brodin for the past seven years has been a true privilege," Maeztu wrote in a recent LinkedIn post.
Maeztu has proved staying loyal pays off in the long-run. Outgoing Ikea boss Jesper Brodin and Walmart leader Doug McMillon also spent decades of their lives working their way up to the top spot.
Just like Brodin and McMillon, Maeztu's start at the furniture giant that reeled in $52.6 billion in total sales last year was far from glamorous.
In those moments on the shop floor, he often got to rub shoulders with the late Ikea founder Ingvar Kamprad.
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