Inditex falls almost 4% on the stock exchange after announcing the relay in the dome and the departure of Pablo Isla

Investors have welcomed the change in the Inditex Directive Dome. The actions of the Giant of the Spanish Stock Exchange fall almost 4% in the first raises of

Inditex falls almost 4% on the stock exchange after announcing the relay in the dome and the departure of Pablo Isla

Investors have welcomed the change in the Inditex Directive Dome. The actions of the Giant of the Spanish Stock Exchange fall almost 4% in the first raises of the session after knowing Pablo Isla's relay by Marta Ortega in the Presidency of the Company.

Ortega will replace Isla, who has led the group during the last 17 years, as of April 1, while Óscar García Maceiras, until now General Secretary and of the Council, has been appointed CEO of the company.

The news was known shortly before the opening of the markets this Tuesday and the reaction was not wait in the form of descents that have exceeded 5% in the first minutes, although later they have moderated.

In this way, Inditex's titles are changed to 28.53 euros, which places the capitalization of the company at 88,918 million euros, the highest of all the IBEX 35.

The relay in the dome of the textile Empire created by Amancio Ortega has caught the markets by surprise. As reported by the Company in a statement to the National Securities Market Commission (CNMV), the Board of Directors of Inditex, at the initiative of its Pavilia Pablo Isla and its founder Amancio Ortega, and after the proposal of the Appointments Committee, He has approved the appointment of Marta Ortega Pérez as President of the Group, with the character of Sunday Counselor, in an appointment that will be effective as of April 1, 2022.

"I want to thank the Council, and especially Amancio Ortega, the support and confidence deposited in me during all these years, now we believe that it is time to address this new stage, with Marta Ortega as President and Óscar García Maceiras as CEO , whose designation was already anticipated since its incorporation into the company for its capacity and qualities. To make this transition a reality is the culmination of my commitment to Inditex and Amancio Ortega, "said Isla, who has also given thanks" to all and Each of the people who are part of Inditex for their work and dedication ".

José Arnau Sierra, for its part, remains vice president of the Board of Directors.

With this change, the Board of Directors culminates the generational relay process initiated in 2011 with the substitution of Amancio Ortega in the presidency of Inditex. Isla is Executive President of the Group since 2019. He previously played the position of CEO since 2005, and from President and CEO since 2011.

The regression of Inditex is also being the main ballast of the IBEX 35 at the start of the day, although not the only one. The change in the Gallego group adds more pressure on uncertainty and volatility that bags around the world live these days on omicron account, the last detected variant of the coronavirus.

Both factors are pulling the selective Spanish down, so that it is left almost a 1.4% and is situated in the environment of 8,300 points. Except fluidra (+ 0.44%), which slightly saves the green, the rest of the index values have begun the day in red and with falls that come over 3% in values such as Grifols or Amadeus.

The tonic is similar in the rest of European bags, which dawned with falls from over 1% in the case of Frankfurt, London and Paris.

On the other hand, the price of Brent's quality oil barrel, reference for the old continent, stood at a price of $ 71, after falling 2%, while Texas was placed at $ 68, after going back a 2 %.

In the currency market, the price of the euro against the dollar was placed at 1,1334 green tickets, while the Spanish risk premium was at 74 basis points, with the interest required to the ten-year bonus at 0.410%.

Updated Date: 30 November 2021, 09:27

You need to login to comment.

Please register or login.

RELATED NEWS