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May 24, 2019

Inditex to promote Carlos Crespo to CEO

By Beth Wright

Spanish clothing giant Inditex , the world’s largest clothing retailer, is to promote its chief operating officer Carlos Crespo to the role of chief executive, helping to move the company towards its digital and sustainability goals.

Executive chairman Pablo Isla, who recently topped an annual global ranking of the 100 best-performing CEOs, stressed the importance of Crespo’s role at a time marked by what he called Inditex ‘s “strategic digital transformation and far-reaching commitment to sustainability”.

In his new position, Crespo will be responsible for technology, IT security, logistics and transportation, construction and works, legal, procurement and sustainability. In addition, he will work together with Isla to define the overall business strategy. 

Last year, 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% of the store estate.

“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,” Crespo said.

The appointment is expected to become definitive in July following the company’s AGM.

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