New CEO Appointed for LTP Furniture Division
We are happy to announce that LTP Group has appointed Henrik Holmgaard Olsson as new CEO for the Furniture division.
Henrik has been in LTP since 2019 as Chief Commercial Officer. Before this, Henrik had a long career as VP for Supply Chain in the contract furniture brand HOWE.
Henrik will lead the division together with Kristina Kildiene (COO), Jeannett Hvidkjær (Group CFO) and a new CCO who will be announced next month.
This announcement follows the information that the CEO of LTP Group, Morten Oestergaard is moving to the board of LTP per September 1st. The management of LTP Group will hereafter be Camilla Deichmann (CEO Garment), Henrik Holmgaard Olsson (CEO Furniture) and Jeannett Hvidkjær (Group CFO).
Morten Oestergaard explains that background: “We are very happy to welcome Henrik in this new position. Henrik became a natural choice as with his strong skills, team-spirit and deep insight in the industry. Together with the team we are confident that he can lead LTP in building our platform and customer relations even stronger. Our vision is unchanged. We aim to be the preferred partner upholstery & textile solutions for premium design & contract furniture brands. We have been planning this transition for some time, and now when we showed that the team also handled the Covid-19 situation well, we find the timing right to execute this change in management.”
Henrik Holmgaard Olsson comments: ”This is a very interesting challenge for me. I’m humble to take over the leadership of a wonderful and dedicated team at our 4 factories in Lithuania. LTP has been growing very fast and strong over the last years and our aim is to continue this. Right now, the industry is facing challenging market situations where we are focused on supporting our customers with new solutions and stronger integration. I really look forward to lead the next part of the journey.”