Angeleno Group Announces Former Ingka Group (IKEA) CEO Jesper Brodin Joins Board of Advisors

Brodin's Proven Success in Driving Business Growth Through Sustainability Initiatives Will Deliver Long-Term Value to Angeleno Group and Its Investment Portfolio

LOS ANGELES--(BUSINESS WIRE)--Angeleno Group, the Los Angeles-based investment firm providing venture capital and growth equity to clean energy and climate solutions companies, announced today that Jesper Brodin, former Chief Executive Officer of Ingka Group (IKEA), has joined the firm's Board of Advisors. In this senior advisory role, Mr. Brodin will provide strategic counsel to the firm, bringing three decades of operating experience and global business leadership — including overseeing a €27 billion investment portfolio with a focus on renewable energy and forestry — to benefit Angeleno Group's investors and the entrepreneurs accelerating the global energy transition.

Mr. Brodin's appointment reflects his lifelong commitment to demonstrating that sustainability and business performance are complementary rather than competing priorities. He began his career at IKEA as a store manager in Pakistan, rising through the organization over three decades to become CEO in 2017 — a role he held until stepping down at the end of 2025. During his eight-year tenure as CEO of Ingka Group — the world's largest IKEA operator with €41 billion in annual revenue and 170,000 employees — revenue grew nearly 24% while the company's emissions declined by 30%, a real-world proof of concept that climate action drives business value. Last month, Mr. Brodin was recognized with the 2026 TIME Earth Award for driving corporate sustainability by significantly reducing IKEA's emissions while growing revenue through investments in renewable energy and circular business models.

Mr. Brodin joins an esteemed group of Angeleno Group advisors composed of leaders across science, business, and public policy, including former U.S. Treasury Secretary Janet Yellen, economist and founding President and CEO of the Bezos Earth Fund Sir Andrew Steer, U.S. Secretary of Energy and MIT physicist Ernest Moniz, Nobel Laureate and Alphabet board member Frances Arnold, and economist and former Dean of the Berkeley Haas School of Business Laura Tyson. Mr. Brodin is the first appointment on the Angeleno Board from a global retail company and reflects the firm’s ongoing commitment to working with leading minds across industries to identify new investment opportunities and scale existing portfolio companies.

A Transformational Leader at the Intersection of Business and Sustainability

During his tenure at Ingka, Mr. Brodin oversaw the company’s investment of more than €4 billion in wind farms and solar parks, transforming IKEA into what amounts to a medium-sized utility company powered by renewables. The company now produces more energy than it consumes in its own operations, with the surplus projected to generate a degree of energy independence in an era of volatile global power markets. As steward of Ingka Group's €27 billion investment operations, he brought institutional-scale capital deployment discipline to the energy transition, committing billions of euros to renewable energy, developing innovative circular business models, and earning a reputation as one of the leading corporate sustainability actors globally.

“We are honored to welcome Jesper to our Board at this pivotal moment in which markets and economics are increasingly driving expanded investment in clean technology. His extraordinary business acumen and experience building one of the world's most recognized climate-forward companies will be a tremendous asset to our firm and our portfolio,” said Daniel Weiss, Co-Founder and Managing Partner of Angeleno Group. “What Jesper accomplished at Ingka is a case study in building a profitable, growth-oriented sustainable global company. Jesper ran one of the world's largest retailers and made sustainability the engine of its competitiveness, coming out the other side with lower emissions, stronger market share, and a more resilient business. His ability to translate environmental conviction into commercial results, combined with his credibility with industry CEOs and global policy makers, make him exactly the kind of partner who can add value to entrepreneurs and investors scaling the next generation of climate solutions companies.”

Beyond Ingka, Mr. Brodin has been a forceful advocate for private-sector climate action on the global stage. From 2020 to 2025, he chaired the World Economic Forum's Alliance of CEO Climate Leaders, whose more than 130 member companies collectively emit more than the nation of India. Over that period, those companies cut emissions by 12% while growing revenue by 20%, demonstrating the business case he has championed throughout his career. He was named to the 2024 TIME100 list, and in April 2026 was appointed a Distinguished Fellow at the World Economic Forum's Centre for Nature and Climate. He currently serves as Chair of the Earthshot Prize, Co-Chair of the UN Global Compact, Chair of The B Team, board member of the World Resources Institute, and senior advisor to the IKEA Foundation.

“I have spent my career making the case that sustainability is a smart investment,” said Mr. Brodin. “Angeleno Group has been doing exactly that for 25 years, and I am delighted to join a firm whose mission so closely mirrors what I believe about the future of business and the planet. I look forward to contributing to the growth of their portfolio companies and to furthering the case that clean technologies and renewable energy are where the world's most exciting investment opportunities lie.”

About Angeleno Group

Founded in 2001, Angeleno Group provides venture and growth capital for clean energy and climate solutions companies. Angeleno Group has become one of the United States' longest standing dedicated clean energy and sustainability focused investment firms, making growth investments on a global basis. The firm invests in high-growth, well-managed, innovative businesses with proven technologies and established customer traction. Angeleno Group invests in a range of deal types, with a strategy that is sector-focused and research-driven. Angeleno Group is headquartered in Los Angeles, California. For more information, visit www.angelenogroup.com.