Overview
- Cristina Álvarez officially becomes president of El Corte Inglés today following unanimous board approval on November 26.
- Her appointment includes the presidency of the Fundación Ramón Areces, the group’s largest shareholder.
- Álvarez retains leadership of the Nomination and Remuneration Commission and assumes the Monitoring Commission to oversee delivery of the Strategic Plan.
- Executive directors Santiago Bau and Rafael Díaz Yeregui remain responsible for day-to-day management under her supervisory remit.
- The group announces a €650 million investment for fiscal 2026–2027 focused on store remodels, technology and logistics upgrades, and business expansion.