Swedish home furnishings retailer IKEA has announced the appointment of Murali Iyer as new chief financial officer (CFO) for its India business.
Iyer takes over from Preet Dhupar who has moved into a global role within Ingka group.
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 and compliance teams.
He will be part of the IKEA India leadership team reporting to Susanne Pulverer, CEO & CSO (chief sustainability officer).
Iyer brings with him over 22 years of successful track record in financial leadership, having worked with the Volvo Group in India and Sweden in multiple roles. “With a keen business acumen and curiosity to learn, his experience across geographies and cultures has enabled businesses to overcome challenges for an inclusive growth,” the company said in a statement.
“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,” said Iyer on his appointment.