Eyeing Indian market pie, Swedish home furnishings retailer IKEA, a part of Ingka Group, has announced to onboard top executive Murali Iyer as new company Chief Financial Officer for Indian market.
According to the company, Iyer will take over from Preet Dhupar who has moved into a global role within Ingka Group. With over 22 years of experience in financial leadership, Iyer has previously worked with Volvo Group in India and Sweden in multiple roles.
In his new role, Iyer will lead IKEA India's CFO function with purpose towards profit, leading the finance controlling, business navigation, legal, tax, customs, and business risk & compliance teams.
“Iyer will be a part of the IKEA India leadership team reporting to Susanne Pulverer, CEO & CSO,” the company said. While speaking on his appointment Murali Iyer, CFO, IKEA India, said, “I am excited to begin my journey in IKEA India and contribute to its ongoing growth journey. We are focusing on our priority markets and building a strong home furnishings foundation through our omnichannel expansion to be more accessible, affordable, and sustainable for the many people.”
IKEA has been sourcing from India for close to 40 years working with around 65 suppliers, 48,000 direct employees and 500,000 people in the supply chain in India producing for IKEA stores worldwide.