The daughter of the founder of Inditex and the richest billionaire in Spain Amancio Ortega will lead his company

The daughter of the founder of Inditex and the richest billionaire in Spain Amancio Ortega will lead his company

Marta Ortega Perez

Marta Ortega Perez, 37, daughter of 85-year-old Spanish entrepreneur Amancio Ortega, will chair the board of directors of his Inditex company. Marta will take her new position on April 1 of next year – the information was confirmed by the press service of the company.

The daughter of the founder of Inditex and the richest billionaire in Spain Amancio Ortega will lead his company

Anna Wintour, Marta Ortega Perez and Diana von Fürstenberg

The decision to hand over the reins to his daughter was made by the businessman himself, who owns 59% of the company's shares, and the 57-year-old current chairman of the board of directors Pablo Isla, who has held this post since 2011. They attributed the reshuffle within the company to the completion of a generational change.

Amancio Ortega founded Inditex in 1963. It includes such famous mass market brands as Zara, Massimo Dutti, Oysho, Bershka, Stradivarius, Pull & Bear and others. Now Amancio Ortega, with a fortune of $ 77 billion, is ranked third in the list of the richest people in Europe.

The daughter of the founder of Inditex and the richest billionaire in Spain Amancio Ortega will lead his company

Amancio Ortega

Martha has held various positions at Inditex over the past 15 years, but has never been a top manager. She started out as a simple salesperson in a store, but over the years at the company she has significantly moved up the career ladder. She took an active part in strengthening the position of the Zara brand, presenting several premium collections. She took her appointment with enthusiasm.

I have lived and breathed this company since childhood and learned from all the great professionals with whom I have worked for the past 15 years. I have always said that I would devote my life to continuing my parents' legacy, looking to the future, learning from the past and serving the company, our shareholders and customers. I am deeply flattered by the trust placed in me and extremely excited about the future we are about to enter together,

She said.

The daughter of the founder of Inditex and the richest billionaire in Spain Amancio Ortega will lead his company

Marta Ortega Perez with her son

Inditex was one of the first European apparel retailers to reach pre-pandemic sales levels, thanks in large part to online sales.

After the news about personnel changes, the company's shares fell sharply – experts attribute this to the fact that Marta has no experience in senior management and her appointment as chairman of the board of directors was a complete surprise.

The daughter of the founder of Inditex and the richest billionaire in Spain Amancio Ortega will lead his company

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