Inditex appoints founder's daughter as chair

Inditex, the owner of Zara and Massimo Dutti, has appointed the founder’s daughter as its new chair.

Marta Ortega Pérez has been appointed chairwoman with effect from 1 April next year. Meanwhile, Óscar García Maceiras, who is currently general counsel and secretary of the board, has been appointed chief executive officer of Inditex with immediate effect.

The retailer said José Arnau Sierra remains deputy chairman of the board of directors.

Ortega Pérez has worked in different areas of the group for the last 15 years and, in particular, has led in the strengthening of Zara's brand image and fashion proposition, Inditex said.

She said: "I have lived and breathed this company since my childhood, and I have learned from all the great professionals I have worked with over the last 15 years. I have always said that I would dedicate my life to building upon my parents' legacy, looking to the future but learning from the past and serving the company, our shareholders and our customers where I’m most needed.

"I’m deeply honoured by the trust that has been placed in me, and enormously excited about the future that we are all about to embark upon together."