Home / Knowledge / News / Retail / Inditex chairman proposes Carlos Crespo as CEO

Inditex chairman proposes Carlos Crespo as CEO

03
Jun '19
Carlos Crespo; Pic: Inditex
Carlos Crespo; Pic: Inditex
Inditex's appointment committee, at the proposal of its executive chairman, Pablo Isla, has agreed to submit for approval to the board of directors the appointment of COO Carlos Crespo as the group CEO. The appointment will take effect following approval by the board, once appointed director by the Annual General Meeting (AGM), to be scheduled in July.

The company's shareholders will also be asked to re-elect Pablo Isla as executive chairman at the AGM. Crespo’s track record within the group and his responsibilities as COO made this promotion the natural next step.

Isla underlined that 'what makes Inditex a great company is the commitment and hard work of all the people in the business'. Isla stressed that Crespo has been doing excellent work in several areas of the company in his capacity as COO and his contribution will be vital at a time marked by Inditex’s strategic digital transformation and far-reaching commitment to sustainability.

In his new position as CEO, reporting to Isla as executive chairman, Carlos Crespo will be responsible for various areas namely Technology (Systems, Data & Digital), IT Security, Logistics and Transportation, Construction&Works, Legal, Procurement and Sustainability. In addition, he will work together with Pablo Isla to define the overall business strategy.

Carlos Crespo expressed his gratitude for the opportunity to contribute to this technological integration of the stores. "I am very excited to play a role at this important time for the company in which digital transformation and sustainability in all its manifestations represent exciting challenges where innovation, entrepreneurial spirit and teamwork are prerequisites. Fortunately these are the hallmarks of our corporate culture," said Crespo.

Last year, Pablo Isla announced that all Inditex stores would be fully digital, integrated with the online platform and sustainable by 2020. By then, the RFID system, already completely operational at Zara, Massimo Dutti and Uterqüe, will have been deployed across the rest of the Group's brands, coinciding with completion of the rollout of the eco-efficient store programme, which already covers 86 per cent of the store estate.

To achieve its targets for 2020, the group has been executing a store streamlining plan since 2012, which has paved the way for the technological upgrade of 90 per cent of the store network, marked by 3,364 store openings (net of closures), 3,383 refurbishments and extensions and the absorption of 1,400 smaller-sized units in the last six years. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Retail | On 30th Jul 2021

Great Britain vacancy rate rises to 14.5% in Q2 2021 from 14.1% in Q1

In the second quarter (Q2) of 2021, the overall Great Britain vacancy ...

Pic: Shutterstock

Textiles | On 30th Jul 2021

Prime Content| Here's why global cotton trade will rise in July-Dec 2021

Global cotton trade is expected to rise in the coming months of 2021...

Pic: Columbia Sportswear Company

Apparel/Garments | On 30th Jul 2021

US' Columbia Sportswear targets 30% reduction in emissions by 2030

American outerwear and footwear brand Columbia Sportswear Company has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search