H&M's Helena Helmersson abruptly quit as CEO today after four years, Hope writes.
Why it matters: She said the role of leading the world's second-largest listed fashion retailer had been "very demanding" and that she did not have the energy to continue, per Reuters.
"I am very proud of what we together have achieved during the last years when we have navigated through [the] pandemic, and several geopolitical and macro-economic challenges," she also said in a statement.
The big picture: Challenges have weighed heavily on those at the top of an industry whose leadership pipeline has dried up.
E-commerce has changed the required skill set, executive development programs have shrunk and direct-to-consumer brands have swept talent away.
