Humble Group Ceo Simon Petrén Exits Swedish Fmcg Business

Pändy confectionery, portion of nan Humble Group portfolio. Credit: @pandycandy.us / Instagram

Humble Group has revealed CEO Simon Petrén will beryllium leaving nan Swedish FMCG business conscionable weeks aft announcing imaginable plus disposals.

Reasons for Petrén’s departure were not disclosed successful a connection yesterday (2 October) different than committee president Dajana Mirborn saying it had been “concluded that caller activity is successful nan champion interests of nan company”.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to scope engaged professionals crossed 36 starring media platforms.

Find retired much

With contiguous effect, Humble’s laminitis Noel Abdayem has been appointed arsenic acting CEO while nan committee of board pursues a hunt for a successor.

Petrén, who has led an progressive acquisition schedule astatine Humble, will stay astatine nan institution successful an advisory domiciled for “a play of time”.

Chairman Mirborn said: “Under Simon Petrén’s leadership, nan group has built up a coagulated instauration for continued improvement done beardown integrated maturation and acquisitions.”

Mirborn reiterated comments antecedently made by Petrén that Humble has entered “a caller shape pinch a attraction connected ratio and profitability”.

Petrén’s departures follows an announcement successful September that nan institution was readying to trim its workforce and research imaginable plus disposals arsenic portion of a caller “efficiency programme”. 

The departing CEO said astatine nan time: “Humble Group and respective of our companies’ accrued levels of stableness and maturity alteration america to measure structural alternatives for these group companies.

“At nan aforesaid time, this allows america to ore operations connected areas of top strategical value and profitability potential, while optimising nan group’s superior allocation into a much favourable building for early worth growth.”

Mirborn said successful yesterday’s connection that nan business has “high expectations for nan initiatives that are now being implemented”.

Abdayem added: “With galore years of acquisition successful Humble Group, I cognize nan imaginable that exists successful nan group. I look guardant to moving together pinch each nan entrepreneurs and colleagues successful nan group to return Humble to nan adjacent level.”

Last month, Humble revealed it was investing further successful confectionery, pinch nan Swedish business pointing to “strong maturation successful demand”.

Commenting connected his exit, Petrén said: “As group CEO, I person had nan privilege of increasing Humble to go a world subordinate and it is my belief that nan initiatives we person invested successful will supply nan business pinch bully conditions for successful improvement successful nan coming years.”

Humble reported a 6% emergence successful nett income to SKr3.88bn ($413.6m) successful nan first half of 2025.

However, EBIT decreased 19.8% to SKr141m and profit aft taxation fell by 69% to SKr17m.

In 2024, nan institution achieved nett income of SKr7.7bn, a 9% summation from nan erstwhile year.

EBIT for nan twelvemonth was SKr376m, up by 18.2%.

Profit aft taxation turned positive, reaching SKr124m, a betterment from a nonaccomplishment of SKr106m nan erstwhile year.