LTP Furniture is one of the leading OEM furniture manufacturers in Northern Europe delivering high-end upholstery solutions to several contract and design furniture brands across Europe, with focus on technical solutions, commitment to sustainable and ethical production.
Henrik Holmgaard Olsson has been in LTP since 2019 as Chief Commercial Officer and LTP Group is pleased to announce that he has been appointed as CEO for the Furniture Division. Before joining LTP, Henrik had a long career as VP for Supply Chain in the contract furniture industry.
“We are very happy to welcome Henrik in this new position. Henrik became a natural choice as with his strong skills, team-spirit and deep insight in the industry. Together with the team, we are confident that he can lead LTP in building our platform and customer relations even stronger. Our vision is unchanged. We aim to be the preferred partner upholstery & textile solutions for premium design & contract furniture brands. We have been planning this transition for some time, and now when we showed that the team also handled the Covid-19 situation well, we find the timing right to execute this change in management.” – Morten Oestergaard, CEO LTP Group
Henrik will lead the division together with Kristina Kildiene (COO), Jeannett Hvidkjær (Group CFO) and a new CCO who will be announced next month.
‘Support our customers with new solutions and stronger integration’
Henrik comments: ”This is a very interesting challenge for me. I’m humbled to take over the leadership of a wonderful and dedicated team and our 4 furniture factories in Lithuania. LTP has been growing very fast and strong over the last years and our aim is to continue this. Right now, the industry is facing challenging market situations where we are focused on supporting our customers with new solutions and stronger integration. I really look forward to leading the next part of the journey.”
This announcement follows the information that the CEO of LTP Group, Morten Oestergaard is moving to the board of LTP per September 1st. The management of LTP Group will hereafter be Henrik Holmgaard Olsson (CEO Furniture), Camilla Deichmann (CEO Garment), and Jeannett Hvidkjær (Group CFO). Morten will continue as a member of the Board of Directors and is still a co-owner of the company.
LTP Furniture is a part of the LTP Group. LTP Group with a turnover of 98 Mio. EUR in 2019 consists of 2 divisions: LTP Garment and LTP Furniture, as well as the co-ownership of the home furniture manufacturer Theca A / S. LTP Group is a production partner for a large number of well-known brands in the clothing and furniture industry with app. 2.000 employees and 9 factories located in Lithuania, Vietnam, Ukraine and Belarus.