// Mango promotes GM Toni Ruiz to newly-created role of CEO
// He has been general manager since October 2018
// Ruiz is credited for steering the Spanish fashion retailer through a period of transformation
Fashion retailer Mango has promoted general manager Toni Ruiz to the newly-created role of chief executive.
Ruiz, who was credited for his leadership of the Spanish business through a period of transformation, will be stepping into a role that was eliminated five years ago following the departure of Enric Casi.
Ruiz has been general manager since October 2018 but first joined Mango in 2015 as head of finance and has been part of the executive team for nearly five years.
Meanwhile, Mango founder Isak Andic will continue to serve as president of the board of directors.
Other members of the board include Jonathan Andic, director of menswear, image and communications, expansion director Daniel Lopez, online and customer director Elena Carasso, woman and kids director Luis Casacuberta, finance director Josep Barbera, global HR director David Gutierrez, technology director Jordi Alex Moreno, global supply chain director Antonio Pascual, and global retail director Cesar de Vicente.
Mango reported sales of €2.23 billion in financial year 2018, and increase of 1.8 per cent on the previous year.
However, it marked a third straight year of loss with €35 million.
Ruiz recently hinted that the 2019 year saw “positive results”, although the full details will not be released until February 11.