Ingvar Kamprad up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born, and the nearby village Agunnaryd where he was raised. In June 2013, Kamprad resigned from the board of Inter IKEA Holding SA and his youngest son Mathias Kamprad replaced Per Ludvigsson as the chairman of the holding company. Following his decision to step down, the then-87-year-old founder explained, "I see this as a good time for me to leave the board of Inter IKEA Group. By that we are also taking another step in the generation shift that has been
Ingvar Kamprad largest farm in the area. He committed suicide a few years after Frans Feodor was born, leaving the farm to Franzisca and with time Franz Feodor. Ingvar Kamprad lived on the farm with his parents, sister and grandmother from the age of 6. Kamprad visited his family's ancestral town in Thuringia and kept in contact with relatives there. Kamprad began to develop a business as a young boy. He started selling matches at the age of five. When he was seven he began travelling further afield on his bicycle to sell to neighbours. He found he could buy matches in