Inditex Chairman Pablo Isla Taps Carlos Crespo as Next CEO

PARIS — Pablo Isla, executive chairman and chief executive officer of Zara-owner Inditex, has chosen his top lieutenant, the group’s chief operating officer Carlos Crespo, to become chief executive officer, picking a company insider for the ongoing push into the digital sphere. Crespo’s track record “made this promotion the natural next step,” said the Spanish, fast-fashion retailer, which also owns labels Massimo Dutti and Pull&Bear, in a statement Thursday. The 48-year-old executive has been doing “excellent work in several areas of the company in his capacity as coo and his contribution will be vital ‘at a time marked by Inditex’s strategic digital transformation and far-reaching commitment to sustainability,’” the company said in a statement, quoting Isla. Crespo has been heavily involved with the group’s digital transformation; the retailer has been investing robustly in technology, moving ahead of rivals with state-of-the-art logistics systems and a range of online services. Seeking to offer same-day delivery in major urban centers, and next-day delivery elsewhere, Inditex has set a goal of offering Internet sales everywhere in the world by next year. Following a vast expansion drive, resulting in thousands of stores around the world — mostly under the Zara label — the group in 2012 began to revisit the

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