Led by Marta Ortega, Chairperson, Inditex is revamping its executive team. The company announced three new appointments following the departures of prominent figures Jesús Echevarría, Carlos Crespo, and Pablo del Bado, as per a filing with the Spanish securities regulator CNMV.
The group has tapped Fernando de Bunes Ibarra, Former Head-Risk Management as its new Sustainability Director. He will succeed Javier Losada, a long-time leader within the company.
Having joined Inditex in 1993, Losada served as a Sustainability Director since 2019. He was appointed to the executive committee in 2022 after the exit of Carlos Crespo, who was then the Chief Operating and Digital Transformation Officer. Losada will depart the company after a transition period.
Inditex has strengthened its financial leadership by naming Ignacio Fernández Fernández as Corporate General Manager, with oversight of finance, sustainability, logistics, transportation, and infrastructure. The group has also appointed Andrés Sánchez Iglesias as Chief Financial Officer. Both executives are set to join the company’s executive committee. Fernández previously held the position of General Finance Director, while Sánchez headed the tax division.
These changes are part of a larger restructuring strategy focused on generational renewal, spearheaded by Óscar García Maceiras, CEO. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as the Head-Investor Relations, taking over from Marcos López García.
The Galician textile group currently owns eight fashion brands: Zara, Zara Home, Pull&Bear, Bershka, Oysho, Lefties, Stradivarius, and Massimo Dutti. According to its latest financial results, Inditex ended fiscal year 2024 with a 7.5 per cent increase in sales compared to the prior year, reaching a revenue of €38.632 billion.
