Textile firm Circulose appoints former H&M CEO as chair
New chairman Helena Helmersson joins from H&M where she previously was group CEO while Jonatan Janmark, the new CEO, was a partner McKinsey and Company
Textile firm Circulose has announced the appointment of former H&M group CEO Helena Helmersson as its new chairman, whilst also naming Jonatan Janmark as new CEO.
Helmersson joins the firm with extensive experience from the fashion industry and driver of sustainability leadership.
Regarding her new role, she said: “I am thrilled to be joining Circulose and support the company in my role as Chair. We have an ambitious agenda ahead of us and a talented team ready to make it happen. I am glad to be working with Altor, our partnership will benefit from their industrial heritage and help companies scale. Circulose feels very much like a natural fit, for me and for the future, and I look forward to contributing with my many years of experience in the fashion industry.”
Janmark, who will assume the role of CEO for Circulose, joins the company with in-depth experience from the consumer and textile industry as partner at McKinsey and Company.
He said: “For the past years, I have had the fortune of dedicating my time to helping companies navigate the sustainability transition in the apparel and textile industry, working with both brands and textile manufacturers. When the opportunity to join Circulose opened up, I was excited to accept the challenge.
“With a strong team, we will now focus on strengthening Circulose to unlock the necessary shift from a linear to a circular textile industry. We recognise the many challenges ahead and the shift won’t happen overnight, but we are fully committed to seeing it through.”
They will both be assuming their roles on 1 December 2024.
Clara Zverina, principal at Altor, added: “A challenger like Circulose, with the power to make the textile industry circular, will need experienced and world-class leaders to drive that change. We are taking action on that now, and we are immensely proud to attract Helena and Jonatan, a true dream team.
“Their experience and expertise are key for us to secure a stable and successful path for Circulose moving forward. They will be a great addition to Magnus, who has done an excellent job navigating Circulose through an intensive year as interim CEO and will continue to lead operations moving forward.”
