Inditex appoints new chairwoman and CEO

Inditex has announced the appointment of Marta Ortega Pérez as its new chairwoman and Óscar García Maceiras as its new chief executive officer.

Effective from 1 April 2022, Marta Ortega Pérez (daughter of the group's founder Amancio Ortega) will become the new chairwoman of Inditex, which owns brands including Zara, Pull & Bear, Bershka and Stradivarius.

Óscar García Maceiras, the company's former general counsel and secretary of the board, has been appointed CEO of Inditex, effective immediately.

Executive Chairman Pablo Isla will depart the company after 17 years, continuing in his role until 31 March 2022.

Carlos Crespo will also step down, following his role as group CEO since 2019. Crespo has now been appointed COO of Inditex.

According to Inditex, its new organisational structure incorporates a management committee made up of executives from different corporate and business areas and with a long track record in the group.

Marta Ortega Pérez has worked in different areas of the group for the last 15 years. In particular, the company highlight her leading role in the strengthening of Zara's brand image and fashion proposition, an area she will continue to oversee.

Óscar García Maceiras joined the group in March 2021. With experience in corporate and team management, he was previously a Spanish State Attorney and worked for numerous companies including Banco Pastor, Banco Popular and Banco Santander.

Pablo Isla said: "We believe that the time has come to turn a new page, with Marta Ortega as chair and Óscar García Maceiras as chief executive officer, whose appointment was already foreseen since his incorporation into the Company due to his abilities and qualities."