Mikael Ohlsson, CEO of IKEA, the world’s largest furniture retailer, was honored by Webster’s Walker School of Business and the Shanghai University of Finance and Economics as the 2013 CEO of the year.

“Ohlsson was recognized for his people before profit leadership style, profound vision, and totality of commitment to sustainability,” said Dean Benjamin Akande of the Walker School of Business. 

Dean Luo of Shanghai University of Finance and Economic spoke about IKEA’s continued contribution to the Chinese economy.

The CEO delivered an address to a standing room only audience of students, faculty and alumni, where he shared IKEA strategic goal to increase the number of outlets fourfold in China, as the world’s most populous nation is set to become the company’s second largest market.

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