Kamprad hands over IKEA to youngest son
The founder of IKEA, Ingvar Kamprad, is leaving the board of Inter IKEA, which holds the reins of power in the furniture company's empire, reports news agency Reuters and Dagens Industri newspaper.
His youngest son Mathias Kamprad will take over as the new chair of the board.
Ingvar Kamprad who is 87, lives in Switzerland, quit as head of the company in 1986, but remained in a key role until now.
IKEA has 342 stores across the world.