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Tag: Susanne Pulverer

  • Ikea to invest another round of investment in India.

    Ikea to invest another round of investment in India.

    Mumbai: According to the PTI report, one of the world’s leading furniture retailers Ikea is looking at the next round of investment in India after exhausting its commitment of 10500 crore when it entered the country 10 years back according to a statement made by the company’s India CEO Susanne Pulverer.

    The company started its retail operations in India with the store opening in Hyderabad in August 2018. The company is planning to set up new projects in Delhi NCR in 2025 and will complete its investment in 10 years.

    “This first investment that we committed is booked with the projects in NCR. So with that, we have exhausted the ₹10,500 crore and we are looking at the next level of investment to further build IKEA’s presence in India, expand volumes, and increase sourcing. So that is in the plan making and we will announce more when we are ready.The plans are being formulated, and we will make announcements when ready,” Pulverer told PTI.

    In 2013, the government approved a Rs 10500 crore FDI ( Foreign Direct Investment) proposal by Ikea to set up new stores with allied infrastructure in these 10 years. Currently, 100 per cent FDI is permissible in retail trading.

    Ikea currently has stores in Hyderabad, Mumbai, and Bengaluru.

  • Susanne Pulverer becomes Ikea India’s first woman CEO & CSO

    Susanne Pulverer becomes Ikea India’s first woman CEO & CSO

    Mumbai: Ingka Group-owned home furnishings retailer Ikea on Thursday announced the appointment of Susanne Pulverer as its first woman chief executive officer and chief sustainability officer for India. Pulverer, an experienced Ikea leader takes over from the outgoing India CEO Peter Betzel, who will move on to his next assignment within the Ikea Group. 

    Prior to her role as Ikea India CEO and CSO, Pulverer held the position of group business risk and compliance manager at the Ingka group. This is her third stint in India.

    Pulverer joined Ikea in 1997 and has worked across different roles within the Swedish company. She started her Ikea journey as environmental manager for the Ikea Group and moved on to Ikea Sweden, where she held various roles in different business categories. She then moved to India in 2007 to head the purchasing function for Ikea South Asia during which she developed a strong connection and passion for India and its people. 

    Before joining Ikea India once again in 2017, she was the managing director at Ikea Communications, the in-house agency of Ikea, for five years during which she led the organisation through a major transformation to drive better business and people results. Pulverer, in her last role in India led market development for Delhi NCR, where she also drove the sustainability agenda and local community initiatives crucial to Ikea’s vision and mission to become a climate-positive business by 2030.  

    “I am excited to be back in India, as we are moving closer towards our vision of creating a better everyday life for the many people. India is a prioritised market for Ingka Group,” stated Susanne Pulvere. “Peter and the team have done a truly commendable job of introducing Ikea in India as a purpose-led brand, expanding the omnichannel presence across cities, strengthening local sourcing and retail competence, and so much more.”

    During his tenure in India, Peter led the Ikea India team through the journey of transformation and with his deep passion for people and business, steered Ikea in India during extraordinary times posed due to the pandemic.  

    “It has been an incredible experience being a part of the Ikea India journey. I am extremely happy to leave the baton in the capable hands of Susanne,” said Peter Betzel. “Her determined and strong leadership is a great inspiration for many of us. I am confident that she will lead our strong value-based India team to make the Ikea vision a reality for many people.”