Overview
- Cristina Álvarez was unanimously approved by the board to take the presidency on January 15, 2026, following a proposal from outgoing president Marta Álvarez.
- Marta Álvarez told shareholders in a letter that it is time to begin a new stage under the company’s 2025–2030 strategic plan.
- She will remain on the board and its monitoring committee and keep strategic oversight of private labels, fashion, and home.
- The management reshuffle follows the recent removal of CEO Gastón Bottazzini and the appointment of longtime executive Santiago Bau as director general, described as having a stronger financial profile.
- Alongside the leadership news, the company reported March–August revenue of €8.2 billion, net profit of €224 million, debt of €1.7 billion, and plans to invest €3 billion over the next four years.