El Corte Inglés reorganizes its leadership with new appointments and relieves two directors



The English Court reorganizes its management with new appointments and relieves two of its directors. The department store company, whose board of directors met this Wednesday in Madrid, has approved the appointment of five new top officials who will report directly to the executive committee, formed by the president Martha Alvarezdirectors Jose Ramon de Hoces and Javier Rodriguez-Ariasand the two CEOs: Jose Maria Folache and James Bau.

As reported by the company in an internal statement sent to employees, El Corte Inglés has appointed director of the Transformation Office (CTO) a Anthony Ortega ; Director of Operations, Supply Chain and Real Estate (COO) a Javier Catena; Director of Technology and Information Systems (CIO) a Enrique Solbes; and Director of People and Talent Management at Alfonso Gordon. Added to these appointments is the Angel Gastaca as the new director of Human Resources for the group, because the company thus relieves Manuel Pinardo of his position, after almost five years at the head of this direction. Pinardo, in fact, was in charge of negotiating more than a year ago the first ERE in history of the company, for which some 3,000 people left the company.

The former CIO, Juan Andrés Pro Dios, is also out of his current position. In its internal note, El Corte Inglés clarifies that Manuel Pinardo and Juan Andrés Pro Dios -until yesterday directors of Human Resources and Information Systems, respectively- “They will maintain a close relationship with the company“, although it has not specified how.

According to The English Court the four new “transversal directorates” will support the areas directed by Folache (retail) and Bau (corporate and new businesses), reporting to the executive committee. As the company explained in the statement, these appointments have as their main purpose “to develop and meet the objectives set out in the strategic plan.” “The axes of the new organizational structure, once El Corte Inglés has managed to achieve the business figures for 2019, are due to the intention of driving operational efficiency, digitization, corporate culture and sustainability, as well as continuing to improve salesprofitability and solidity, always with the focus on customer service”, reports the company.

The English Court after Víctor del Pozo

El Corte Inglés has launched a series of changes in recent months after the departure of the company’s CEO, Víctor del Pozo. Last March, Del Pozo left the company “at his own request and for personal reasons”after five years in office. The department store company then created the new delegated executive committee as the highest executive body. The CEO’s decision surprised inside and outside the sector, since Del Pozo renewed his position just two months ago and did so until 2027.

Following Mutua’s entry into the board of directors, and with an eye toward a potential IPO, El Corte Inglés considered that your management was not professional enough for the stage that opened after the pandemic, in which it launched the security and alarm business divisions (Sicor), the mobile division (Sweno), and the logistics division.

Source: Vozpópuli by www.vozpopuli.com.

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