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 ("Fanny") Glatz was born in Radonitz (Radonice) in Bohemia in then-Austria-Hungary; they left Germany for Sweden in 1896. The surname Kamprad was a variant of "Comrade" and dates back to the 14th century; in the 19th century the Kamprad family had become wealthy estate owners in Thuringia. Achim Kamprad's mother was a distant relative of Paul von Hindenburg. Achim was the younger son of an estate owner and had bought the farm Elmtaryd (presently standardized "Älmtaryd") near the small village of Agunnaryd (now part of Ljungby Municipality) in the province of Småland; with 449 hectares of land it was the