Latest news with #Losada
Fashion Network
19-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganizing its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
Fashion Network
17-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganizing its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
Fashion Network
17-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganizing its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
Fashion Network
17-05-2025
- Business
- Fashion Network
Inditex restructures leadership with three new appointments
Spanish fashion group Inditex, chaired by Marta Ortega, is reorganising its executive leadership. Following the departure of key figures including Jesús Echevarría, Carlos Crespo and Pablo del Bado, the company announced three new appointments on Friday in a filing with the Spanish securities regulator CNMV. The group has appointed Fernando de Bunes Ibarra, previously head of risk management, as its new sustainability director. He replaces Javier Losada, one of the company's long-standing leaders. Losada joined Inditex in 1993 and has served as sustainability director since 2019. He was named to the executive committee in 2022 following the departure of then-chief operating and digital transformation officer Carlos Crespo. Losada will leave the company after a transitional period. Inditex reinforced its financial leadership by appointing Ignacio Fernández Fernández as corporate general manager, overseeing finance, sustainability, logistics, transportation, and infrastructure. The group also named Andrés Sánchez Iglesias as chief financial officer, with both executives set to join the company's executive committee. Fernández previously served as general finance director, while Sánchez led the tax division. These changes form part of a broader restructuring strategy focused on generational renewal, led by current CEO Óscar García Maceiras. Earlier this year, Inditex also named Gorka García-Tapia Yturriaga as head of investor relations, succeeding Marcos López García. The Galician textile group currentlyand Massimo Dutti. According to its latest financial results, Inditex ended fiscal 2024 with a 7.5% increase in sales compared to the previous year, reaching revenue of €38.632 billion.
Reuters
27-03-2025
- Business
- Reuters
Green jet fuel production could miss 2030 targets, BCG report says
March 27 (Reuters) - The sustainable aviation fuel (SAF) industry is falling short of its 2030 targets with production not ramping up quickly enough, Boston Consulting Group (BCG) found in a report published on Thursday. European airlines are this year expected to meet a mandate of 2% SAF use in their jet fuel, with that set to rise to 6% by 2030. But many have lamented the high cost of the fuel, which is typically three to five times more expensive than traditional jet fuel. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. The report found that airlines and airports are investing only 1% to 3% of revenue or budget allocation to SAF, with high production costs and fuel prices remaining the major challenges to adoption. "We are going in the positive direction, but clearly not at the speed we need," BCG Managing Director and Partner Pelayo Losada said of his findings in the co-authored report that surveyed more than 500 executives at about 200 aviation-related companies. "Despite continuing to scale the availability of sustainable aviation fuel, and we see that trend very clearly, there is a slowdown in the development of projects and even bigger gaps to some of the commitments that some of the companies have made," Losada said. Reuters reported last month that low consumption and a lack of policy guidance have led to delays of some SAF projects in China. While the global aviation industry is aiming to reach net-zero emissions by 2050 and some countries have SAF mandates in place, the fuel accounted for only about 0.3% of global jet fuel production in 2024. BCG's report highlights that while SAF supply increased 1,150% worldwide over the last three years, announcements for new production facilities fell by 50% to 70% from 2022 to 2023. BCG says this was largely due to economic uncertainty and higher energy and operating costs. It now projects supply to fall 30% to 45% short of commercial aviation's 2030 targets. Losada said many industry participants had adopted a mentality of "others will solve the problems for me", and he called for cross-industry collaboration.
