Companies

Marta Ortega Charts Inditex’s Path: Expanding in Size, Responsibility, and Core Values

The group’s general shareholders’ meeting has formalized the appointment of Pontegadea’s CEO, Roberto Cibeira, as a new member of the board of directors. He bids farewell to outgoing Vice-Chairman José Arnau.

Marta Ortega Charts Inditex’s Path: Expanding in Size, Responsibility, and Core Values
Marta Ortega Charts Inditex’s Path: Expanding in Size, Responsibility, and Core Values
Marta Ortega: "Inditex wants to grow in size, responsibility, relevance and values".

Modaes

Inditex is confident in its future. The company’s chairwoman, Marta Ortega, said on Tuesday that the fashion retail group wants to grow “not only in size, but also in the contribution of values, responsibility and relevance”. In the framework of the general shareholders’ meeting held in Arteixo (Spain), the company has also appointed the CEO of Pontegadea, Roberto Cibeira, as a new member of the board of directors.

 

The shareholders’ meeting also marked the official farewell of the outgoing Vice Chairman of Inditex, José Arnau, after thirteen years in the position. On Arnau’s last day as a member of the board of directors, Ortega thanked him for “his contribution to this company, his deep knowledge and dedication for so many years,“ according to Inditex in a statement.

 

In addition, the shareholders have ratified the distribution of a dividend of €1.68 per share, in two payments of €0.84, the first already paid and the second scheduled for November 3 of this year. García Maceiras, CEO of the group, has assured that this “excellent performance is the result of the efficient execution of an integrated store and online business model”. This same year, the company celebrated the 50th anniversary of the start of the business with a first physical Zara store, also in its hometown.

 

 

 

 

Ortega took advantage of the occasion, coinciding with the commemoration of the company’s half-century of history, to highlight it as “a great dream, a brave idea, a different way of doing things”. The Chairwoman said that the growth recorded in the coming years has to lead to be “better and better” and that Inditex will continue to be a company “focused on the product”.

 

During the meeting, the ordinary investment planned for this year, €1,800 million, and the continuity of the extraordinary logistics investment plan initiated last year, with an additional €900 million for 2025, were also recalled. The largest project will be the Zaragoza II distribution center, which is already operating in test mode and will start its first operations in mid-August, with a workforce of 250 workers.

 

In the coming months, Inditex will also start operating a new 1,722,225 square foot building for Zara’s sales teams at its headquarters in Arteixo (A Coruña).

 

In its last fiscal year, Inditex increased its net income by 9% and its turnover by 7.5%, reaching €38,632 million, compared to €35,947 million a year earlier.