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yesterday

José María Castellano, Key Inditex Executive, Dies at 78

His stewardship of Inditex’s 2001 IPO stands as a marker in a career steering major Spanish companies.

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José María Castellano.
José María Castellano y Amancio Ortega, en una imagen de archivo.
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Overview

  • The Spanish economist and business leader died overnight at 78, according to multiple outlets.
  • He joined Inditex in 1984, entered its board in 1985, and became vice chair and CEO in 1997, helping drive international expansion and new chains such as Pull & Bear, Bershka and Oysho.
  • He oversaw Inditex’s stock market debut on May 23, 2001, a milestone in the group’s growth as a global retailer.
  • He left Inditex in 2005 after disagreements with founder Amancio Ortega.
  • He later chaired ONO until its 2014 sale to Vodafone, served as executive president of Novagalicia Banco through its FROB-led sale, and since 2020 was non-executive president and a near-6% shareholder of Greenalia.