Inditex and Mango: A Half-Year of Executive Transformation in a Shifting Landscape

Spain’s two biggest fashion groups close a busy first six months at the top. Inditex ends the first six months of the year with a new top management position and a new balance of forces between the different departments, while Mango concludes the period with a new order after the death of its founder, Isak Andic, marked by additions, relays and departures. The two Spanish fashion giants are reinforcing their crew in times of turbulent waters.

Marta Ortega, Chairman, and Óscar García Maceiras, CEO, have begun their fourth year of joint leadership of Inditex in 2025. Changes in Inditex’s front line have been slow (starting with the most trusted positions, in areas such as communication) and have taken place in dribs and drabs, but have accelerated in the first months of this year.

In mid-May, the group announced the introduction of a new structure with the creation of a corporate general management. The Ortega-Maceiras tandem has placed Ignacio Fernández Fernández, until then general manager of finance, at the helm, giving more power to this area within the organization chart.

Inditex has introduced a new position and Mango has adapted to the death of its founder

He is in charge of finance, sustainability, logistics, transport and infrastructures. Two of these areas have also changed their chief executives: Andrés Sánchez Iglesias is now in charge of finance and Fernando de Bunes has taken over sustainability.

Along the way, a company historian has left the company: Javier Losada, with a career of more than thirty years in the group and director of sustainability since 2019, has left the company. Two more historical figures who have left the company in the first half of the year are José Arnau, who at 69 years of age has left the vice presidency of Inditex (where he has been relieved by Roberto Cibeira), and Marcos López, director of Capital Markets since 1999 (an area that has been taken over by Gorka García-Tapia).

The generational renewal also includes the departure, announced in early July, of Begoña Costas, who has left the management of Zara Kids after a 46-year career at Inditex. She has been replaced as head of the children’s division of Zara’s flagship store by Lorenzo Marcheselli.

Long-standing executives such as Begoña Costas and José Arnau have left Inditex

Another important change has taken place in Inditex’s stakeholder relations team, with Santiago Martínez Lage being appointed director of public affairs from the deputy secretary of the board of directors. This appointment has meant the departure of the executive who until now held the position, Iria Mouzo Lestón, as well as the transfer of another strong man in the area, José María Álvarez, until now director of corporate development, to the finance department of Pull&Bear.

The saber rattling at Inditex goes far beyond the most visible positions in the company, with the departure of middle managers with long careers in the group’s chains, giving shape to a new generational change in the Spanish biggest fashion company.

Mango: new president and departures of historical figures

Mango has gone through a first half-year of changes after the sudden death of its founder, Isak Andic, in mid-December. Last week, the shareholder balance was finally defined, with the three sibling heirs (Jonathan, Judith and Sarah Andic) equally dividing 95% of the capital, with another 5% in the hands of Toni Ruiz, president and CEO.

This was just the last step in a six-month reorganization process, including the transformation of the company’s main company (Mango MNG, formerly Punto Fa) from an SL to an SA and a change of domicile. In addition, the company has strengthened its board with the incorporation of Manel Adell and Helena Helmersson.

Mango closes the semester with a new president and the Andics out of the daily management

The presidency of the company is now held by Toni Ruiz, while Jonathan Andic is vice-president. The most visible change in the brothers’ new position as owners of the company has been the departure of Jonathan Andic from the day-to-day running of the company, leaving behind his duties as director of Mango Man to devote himself to the management of the family’s assets.

His departure has led to the promotion of Josep Estol to head the line, reporting directly to Luis Casacuberta, appointed chief product officer and with all lines (Woman, Man, Kids and Home) under his direction. In the main line of the group, there has been another important movement, with the departure of Luis Maseres, until now the head of the company, who has been replaced by Eva Gallego, from El Corte Inglés.

Elena Carasso, Luis Maseres and Oscar Germade have left management positions

Another of Mango’s significant movements in the first six months of 2025 has been the resignation of Elena Carasso, a long-standing executive in the company and responsible for the company’s digital development. The executive, who is leaving Mango of her own accord, has been replaced by Marlies Hersbach.

Beyond the most notorious changes, Mango has also undergone changes in its second lines. Oscar Germade, director of image, left the company in April, while Andrea Raventós, until now director of the CEO’s office (the team working under Toni Ruiz) has been appointed director of financial control and strategy.