SPAIN: Inditex Names Pablo Isla As New CEO
Fashion group Industria de Diseno Textil SA (Inditex) has named Pablo Isla as its new chief executive officer.
Isla - previously co-chairman of cigarette maker Altadis SA - replaces Maria Castellanos who is remaining as deputy chairman with the company.
He will take on the task of overseeing a large-scale management restructuring which the company hopes will enable it to double sales over the next five years.
Inditex had been seeking both internally and externally for candidates to succeed Castellano, who will be in charge of social responsibility and environmental matters in his new position, but will not be involved in business strategies.
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