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Reuters
16-05-2025
- Business
- Reuters
Inditex appoints new chief financial officer
LONDON, May 16 (Reuters) - Inditex on Friday announced a new chief financial officer and chief sustainability officer in a top management reshuffle, without detailing any reason for the changes. Current Chief Financial Officer Ignacio Fernandez Fernandez will take on a new role as Chief Corporate Officer overseeing the financial, sustainability, logistics, transport and infrastructure divisions, Inditex said. Andres Sanchez Iglesias, currently chief tax officer, was appointed as the new CFO. "The new appointment is likely driven by the need for greater oversight as Inditex makes progress towards logistics capacity expansion," Citi analyst Monique Pollard said. Inditex is in the second year of a large logistics investment plan, spending a total of 1.8 billion euros to expand capacity, including its hub in Zaragoza, Spain. Chief Sustainability Officer Javier Losada Montero is leaving Inditex after 32 years, the company said, and will be replaced by Fernando de Bunes Ibarra, currently head of enterprise risk management.


Free Malaysia Today
15-05-2025
- Sport
- Free Malaysia Today
River Plate ease into Argentine quarters after 3-0 win over Barracas
River Plate's Ignacio Fernandez celebrates after doubling the lead against Barracas Central at Mas Monumental stadium. (River Plate pic) BUENOS AIRES : River Plate secured their place in the quarter-finals of the Argentine Apertura tournament on Monday with a 3-0 home win over Barracas Central at the Mas Monumental stadium. Paulo Diaz gave River an early advantage when he fired home from close range in the 12th minute and they doubled their lead two minutes before the break when Franco Mastantuono set up Ignacio Fernandez to score. Fernandez said he was glad to be back in the side. 'I was back as a starter, and I took it in stride, eager to keep improving,' told TNT. 'No one likes to be out, but when it's my turn, I try to do my part and make the most of the moment. 'We know that sometimes it's your turn and sometimes it's not but you have to stick with it and support the team because, at the end of the day, if one person does well everyone does well,' he added. Marcelo Gallardo's side continued to dominate after the break and thought they had scored the third when Mastantuono set up Fabricio Bustos following a swift counter-attack. However, the goal was disallowed following a VAR review due to a foul by Kevin Castano on Barracas midfielder Dardo Miloc. 'I think Kevin got the ball back well and Miloc let himself fall, lost the ball and stayed there protesting,' River midfielder Enzo Perez said. 'The referee made the decision and I told him it was a clean challenge and that we got the ball back, but these are quick decisions and there's nothing you can do about it.' Next it was Barracas' turn to have a goal ruled out when Facundo Bruera headed in Rodrigo Insua's free kick but it was called back for offside. Marcos Acuna finally added River's third with a superb long-range shot in the closing minutes to set up a meeting with Platense in the next round. Witness football history in Malaysia as Manchester United take on the Asean All-Stars – it's the clash you can't afford to miss. Book your seat now at before they're gone!


Hans India
13-05-2025
- Sport
- Hans India
River Plate routs Barracas to reach quarterfinals of Argentine league
Buenos Aires (Argentina): River Plate advanced to the quarterfinals of Argentina's Primera Division Apertura tournament with a 3-0 home victory over Barracas Central on Monday. Paulo Diaz opened the scoring when he pounced on a loose ball to fire home from six yards, and Ignacio Fernandez doubled the lead with a first-time strike into the far corner after Franco Mastantuono's cross. Argentina World Cup winner Marcos Acuna put the result beyond doubt by thumping a 25-yard drive that took a deflection before rebounding in off the right post, reports Xinhua. "We knew it was going to be tough, but our players showed that they were prepared for this match," River Plate manager Marcelo Gallardo told a post-match news conference. "Thankfully, we were able to score an early goal and then another one at the start of the second half. We managed to play our game despite the difficulty presented to us by our rival." River's next opponent will be Platense, which progressed to the last eight by overcoming Racing Club 1-0 on Saturday. Currently, River Plate are in second position in the points table in Apertura, Group B with 31 points from 16 matches. River Plate trail leaders Rosario Central by four points with Independiente in third position with 29 points in the 15-team Group B. Argentinos Juniors. lead Group A with 33 points, with Boca Juniors in second place on goal difference. Racing Club are third with 28 points in the 15-team group. The Apertura or "Opening" tournament of the Primera Division is half of Argentina's split-season format, which was reintroduced in 2025 after its last implementation in 2012. It runs from January to June and is followed by the Clausura or "Closing" tournament from July to December. Club Atlético River Plate, commonly known as River Plate, is considered one of the Big Five of Argentine football, along with Independiente, San Lorenzo, Boca Juniors, and Racing Club.