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Carlos Crespo becomes new Inditex CEO

The new Inditex CEO is Carlos Crespo. He will lead technology (systems, data and digital), IT security, logistics and transportation, construction and works, legal, procurement and sustainability. In addition, he will be responsible for defining the company’s global strategy. Crespo joined Inditex in 2001, when he was in charge of accounting within the financial administration department. After having been tasked with the administrative management of stocks in the group’s logistics centers, Crespo was put in charge of internal auditing in 2015. In 2018, he was promoted to the position of general director of operations.

Inditex, the owner of Zara, is the world’s biggest clothing retailer. Unlike many in the troubled apparel sector, Inditex, based in Spain, has been able to avoid heavy discounting thanks to its tightly controlled inventory and its ability to get looks on sale in a few weeks allowing it to respond to fast-changing trends. The company launched Zara online in 106 new markets in November and benefited from favorable comparisons to unseasonably cold weather last year. The company operates with a very special kind of business model. Every division commits initially to a small quantity for fashion merchandise and then replenishes it in response to customer demands and preferences.