Leadership changes herald Recover’s next phase
Recycled cotton producer Recover has appointed Anders Sjoblom from H&M has its chief executive.
Alfredo Ferre, a fourth-generation family steward of Recover, will transition to a newly created role of chief product and innovation officer allowing his full focus on continued innovation and technical leadership.
The appointment of Sjoblom follows Recover’s recent appointment of Matthew Neville as the company’s first global chief commercial officer, tasked to build a sales team.
Olof Persson, Recover chairman, said: “These leadership changes enable Recover to focus on ensuring operational and financial excellence while continuing to innovate and lead disruptive change for the apparel and textile industries.
“Anders has an outstanding track record of having successfully scaled global businesses while driving growth and brand awareness, while Alfredo will return to his roots as he focuses on strategic product vision and innovation.”
Recover is supported by institutional investors including STORY3 Capital, Goldman Sachs, Fortress Investment Group and Eldridge Industries, among others.
The company opened a facility for mechanically recycling cotton fibre in Bangladesh in 2022, adding to existing facilities in Spain and Pakistan, and a planned facility in Vietnam.
