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 Ingvar's head whatsoever." Kamprad and his first wife Kerstin Wadling adopted a daughter, Annika. In the 1960s, Kamprad married his second wife, Margaretha Kamprad-Stennert (1940–2011), whom he met when she was twenty years old. They had three sons: Peter, Jonas and Mathias. He lived in Épalinges, Switzerland, from 1976 to 2014. Kamprad moved back to Småland in Sweden in March 2014 after 40 years abroad. While working with furniture manufacturers in Poland earlier in his career, Kamprad became an alcoholic. In 2004 he said that his drinking was under control, and according to "The New York Times", Kamprad "controlled it