Mango appoints CEO Toni Ruiz as Chairman
Spanish fashion brand Mango has appointed current CEO Toni Ruiz as its new Chairman, strengthening his involvement in the business as it targets further growth.
Ruiz first joined Mango as Chief Financial Officer in 2015, bolstering its financial stability during his tenure, ahead of achieving record turnover in excess of €3.1 billion in 2023.
He was promoted to CEO in 2018, helping to transform the fashion brand's positioning by reinforcing its value proposition, embracing a unique style that is more aspirational and of greater quality, demonstrating a strong commitment to stores, and working on the institutionalisation of processes and governance.
Looking ahead, Ruiz will now lead the company as Chairman and CEO, working towards its strategic goal of achieving more than €4 billion in turnover in 2026, while doubling its profits.
"I am deeply grateful to the entire Mango team for trusting me to continue leading this exciting project. Today, Mango is stronger than ever and we have a clear roadmap and great opportunities ahead of us. We want to keep growing," said Ruiz.
The appointment follows the recent passing of Isak Andic, the entrepreneurial and inspirational founder of Mango, last month.
Andic, who was also Non-Executive Chairman of the fashion brand, was one of Spain's most successful businessmen and his wealth is said to have been worth around £3.5 billion at the time of his passing.
