H&M rejigs board

Jyrki Tervonen has been promoted to chief financial officer of H&M

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H&M has promoted Jyrki Tervonen to chief finance officer replacing Leif Persson effective from November.

Persson will continue as an executive board member at H&M but from November, he will focus on strategic company matters.

Tervonen has worked at H&M since 1997. His most recent position was country manager for Finland, Poland, the Czech Republic, Slovakia and Hungary. Tervonen has also been chief finance officer for Finland.