Juvencio Maeztu is the CEO and President of Ingka Group, the world’s largest IKEA retailer operating 574 stores across 31 markets. Born in Cadiz, Spain, Maeztu made history in November 2025 as the first non-Swedish person to lead the company in its history. A 25-year IKEA veteran, he rose from store manager in Madrid to Deputy CEO and CFO before taking the top job. Under his leadership, Ingka Group continues to prioritize affordability and sustainability while expanding into new markets worldwide.
Juvencio Maeztu – Quick Facts
Juvencio Maeztu Career Highlights
- First Non-Swedish CEO — Made history as the first non-Swede to lead Ingka Group, IKEA’s largest retailer
- 25-Year IKEA Veteran — Joined IKEA in 2001 as a store manager in Madrid, rose through roles across Spain, Portugal, UK, and India
- Built IKEA India — Served as CEO of IKEA India for 6+ years (2012-2018), establishing the brand’s presence in one of the world’s largest markets
- Deputy CEO & CFO — Led Ingka Group’s financial strategy for 7 years (2018-2025) before his promotion to CEO
- Affordability Champion — Oversaw EUR 2.1 billion in price reductions during FY2024 to help customers with cost-of-living pressures
- Sustainability Leader — Committed to IKEA’s goal of becoming climate positive by 2030
Juvencio Maeztu Net Worth & Salary
As a privately held, foundation-owned entity, Ingka Group does not publicly disclose individual executive compensation. Unlike publicly traded companies that file with the SEC, Ingka Holding B.V. is wholly owned by the Stichting INGKA Foundation, making salary and net worth details unavailable through regulatory filings.
Based on comparable CEO compensation at major European retailers of similar size (EUR 41+ billion revenue, 170,000+ employees), industry analysts estimate that the Ingka Group CEO position likely carries a total compensation package in the range of EUR 3-5 million annually, though this figure is not confirmed.
Ingka Group Financial Summary (FY25 vs FY24)
Career & Education – Company, University, & College
Juvencio Maeztu’s career at IKEA spans over two decades, starting from the shop floor and rising to the top executive position. His journey is a testament to the IKEA culture of promoting from within.
Juvencio Maeztu Career Timeline
Education
Maeztu earned his BA in Economics from Universidad de Cadiz in 1991, studying in his hometown in southern Spain’s Andalusia region. He then completed his MBA at IESE Business School, one of Europe’s top-ranked business schools, in Barcelona in 1994. His educational foundation in economics combined with world-class business training prepared him for a career that would span four continents.
Juvencio Maeztu Biography & IKEA Journey
Juvencio Maeztu joined IKEA in 2001 as a store manager at the Alcorcon store near Madrid, Spain. In those early years, he had the unique opportunity to work alongside IKEA founder Ingvar Kamprad on the shop floor. As Maeztu recalls: “I have been dozens of times with Ingvar on the shop floor starting at five in the morning in the loading area and finishing at 10 in the evening with a hot dog.”
His talent for leadership quickly became evident. After managing the Sevilla store in 2003, he moved into country-level management roles across Spain, Portugal, and the UK & Ireland. He served as manager of the flagship IKEA Wembley store in London around 2009.
In 2012, Maeztu took on perhaps his most challenging assignment: building IKEA’s presence in India from scratch. As CEO of IKEA India for over six years, he navigated complex regulatory environments, adapted IKEA’s global model to local tastes and preferences, and laid the groundwork for what is now one of the company’s most important growth markets.
Returning to the Netherlands in 2018, Maeztu was appointed Deputy CEO and Chief Financial Officer of Ingka Group, where he oversaw the company’s financial strategy for seven years. During this period, Ingka Group invested heavily in price reductions, sustainability initiatives, and digital transformation.
On November 5, 2025, Maeztu became CEO and President of Ingka Group, succeeding Jesper Brodin. His appointment made him the first non-Swedish person to ever lead the largest IKEA retailer — a major cultural milestone for a traditionally Swedish-led organization.
Juvencio Maeztu Personal Life & Family
Maeztu is married to Carmen, a former IKEA colleague. The couple has two children and lives in Leiden, The Netherlands, where Ingka Group is headquartered. Carmen and Juvencio reportedly have an agreement to talk as little about IKEA as possible at home, sticking only to “important work gossip.”
When considering the move to India in 2011 to lead IKEA’s expansion there, Maeztu brought Carmen along for a week-long assessment visit. After exploring the opportunity together, she supported the decision, saying: “I have one million questions but I feel it is right.”
Maeztu enjoys sailing in his free time and is known for his humble, hands-on leadership style — a reflection of IKEA’s cultural values of simplicity and cost-consciousness.
Ingka Group Leadership Team (2026)
From January 1, 2026, Juvencio Maeztu leads a restructured management team at Ingka Group:
- Juvencio Maeztu — CEO & President
- Cindy Andersen — Vice-CEO & CFO
- Ulrike Biesert — People, Sustainability & Communications
- Emily Birkin — Development & Transformation
- Pareg Parekh — Digital
- Javier Quinones — Commercial
Ingka Group Competitors
Ingka Group operates in the highly competitive global home furnishings market. Key competitors include:
- Inter IKEA Group — Owns the IKEA brand and concept; Ingka is its largest franchisee
- Wayfair — Online home furnishings giant
- Ashley Furniture — Major U.S. home furnishings retailer
- Williams-Sonoma (Pottery Barn, West Elm) — Premium home goods
- Amazon (Home & Kitchen) — E-commerce competitor in home goods
- Nitori — Japan’s leading furniture and home accessories retailer
- XXXLutz Group — Europe’s second-largest furniture retailer
IKEA Ingka Group CEO Email Address | Juvencio Maeztu Contact
Below are the official contact details for Ingka Group CEO Juvencio Maeztu:
Frequently Asked Questions (FAQ)
Who is the CEO of IKEA Ingka Group?
Juvencio Maeztu is the CEO and President of Ingka Group, the world’s largest IKEA retailer. He became CEO on November 5, 2025, succeeding Jesper Brodin, and is the first non-Swedish person to hold the position.
What is Juvencio Maeztu’s net worth?
Juvencio Maeztu’s exact net worth is not publicly disclosed. Ingka Group is a privately held, foundation-owned entity and does not report individual executive compensation. Industry estimates suggest a total compensation package in the range of EUR 3-5 million annually for a role of this scale.
What is Juvencio Maeztu’s salary?
Maeztu’s salary is not publicly available. As a privately held company owned by the Stichting INGKA Foundation, Ingka Group does not disclose executive pay details in public filings.
What is the difference between Ingka Group and Inter IKEA?
Ingka Group is the largest IKEA retailer, operating 574 stores across 31 markets. Inter IKEA Group owns the IKEA brand and concept. Ingka Group operates as a franchisee under the Inter IKEA brand, representing approximately 90% of total global IKEA retail sales.
What is Juvencio Maeztu’s email address?
Juvencio Maeztu’s email address is [email protected], based on Ingka Group’s standard email format ([email protected]). He is also on LinkedIn.
Where is Ingka Group headquartered?
Ingka Group is headquartered in Leiden, The Netherlands, at Bargelaan 20, 2333 CT Leiden.
Article last updated: January 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including official company press releases, annual reports, and reputable news outlets. Ingka Group is a privately held company and does not publicly disclose individual executive compensation. This content is provided for informational purposes only and does not constitute financial or investment advice.