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Monday, 28 November 2022 12:50

Crespo quits Inditex

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Carlos Crespo is leaving Inditex. He was CEO between July 2019 and November 2021 and was chief operating officer and head of sustainable and digital transformation at Inditex.

At the same time, the company announced the end of Pablo Isla's 17-year tenure as chairman, during which he also held the position of CEO. In April 2022 Marta Ortega was named as the company's new chairwoman. Since Marta's arrival at the helm of the company, Inditex has accelerated its progressive transformation in order to affirm its steps forward in terms of sustainability as well as to elevate its positioning and improve brand perception. The organization of high-profile exhibitions has been accompanied by the launch of more premium collections as well as collaborations with leading names in fashion.

In terms of management, one of its first changes involved the communications team. In April, Jesús Echevarría was replaced as head of the department by Raúl Estradera, one of the Ortega family's most trusted advisors. Echevarría had held the position as chief communications officer since Isla's arrival in 2005.

In the first half of the current financial year, the Spanish group increased its profits by 41 per cent. In addition, turnover grew by 25 per cent.