Inditex has said it will promote its chief operating officer Carlos Crespo to chief executive in July in a bid to bolster the company’s digital side.
Executive chairman Pablo Isla initiated the appointment, which will now need to be approved by the board and the company’s AGM.
According to Isla, Crespo is suited to the role at a time marked by “strategic digital transformation and far-reaching commitment to sustainability”.
Crespo began his career in auditing, joining Inditex in 2001 and was promoted to chief operating officer in 2018.
He will take on some responsibilities currently held by Isla as they will work together to define wider business strategy but Crespo will be responsible for areas including technology, data, logistics and sustainability.
All Inditex stores are expected to be digitally integrated and sustainable within the next year.
Crespo said: “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.”
The world’s largest retail company Inditex currently owns Zara, Bershka, Mango, Pull & Bear, and Massimo Dutti among others.