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H&M names new CEO

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Swedish clothing retailer H&M on Thursday announced company veteran Helena Helmersson was appointed as CEO.

She succeeds Karl-Johan Persson, the company founder's grandson who's moving to the role of chairman. Helmersson's roles have included chief operating officer and head of sustainability.

H&M also announced yesterday plans to enter Springfield with a store at Battlefield Mall.

Read more from Reuters.

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