Göran Bille replaces Danny Feltmann as acting CEO of Kappahl

The board of directors of Kappahl AB has appointed Göran Bille as acting CEO with immediate effect to replace Danny Feltmann. The company said, Feltmann is leaving the business as a consequence of having different views on the company's development and priorities and that the process for recruiting a new CEO begins immediately.

“The board of directors and the CEO have different views on the important issues, and the natural thing is then to go separate ways. I would also like to emphasize that the management change has not been caused by short-term sales or earnings variations, as the sales and earnings for the third quarter of 2018 are expected to be in line with the outcome for the third quarter of 2017,” said Anders Bülow, Chairman of the Kappahl’s board of directors in a statement.

Bille is a member of the company’s board of directors since December 2016 and has previously been CEO and group CEO of Gina Tricot and Lindex as well as senior executive within H&M. He is also a member of the board of directors of Gunnebo.

Picture credit:Kappahl image bank