On January 31, Helena Helmersson, the CEO of Swedish fast-fashion retailer H&M, abruptly announced her resignation, with senior executive Daniel Ervér immediately taking over her position. In her statement, she candidly admitted that the demands of the CEO role had become overwhelming for her. Ervér's most recent role was head of the H&M brand. After assuming the role of group president and CEO, he will continue to oversee the operations of the brand. Following the announcement, H&M's stock price plummeted by nearly 14 percent yesterday resulting in a market value of approximately $23.92 billion.