Spanish Retailer, Inditex Group, promotes Head of Tax to CFO

[private]Ignacio Fernández, until now the Head of Inditex’s Tax Department, has been appointed the Group’s new Chief Financial Officer.

As CFO, Ignacio will oversee the departments of Administration, Planning and Management Control, Risk Management, Financial Management and Taxes. According to Deputy Chairman Mr. Pablo Isla, “the goal of this structure is to generate the highest possible number of synergies and to ensure the integrated management of the Financial Area”.

The new CFO holds a degree in Economics and Business, is a member of the Senior Corps of Tax Inspectors and a professor of Government Treasury and Tax Systems at the University of A Coruña. From June 1995 until he joined Inditex in 2001, he was Chief Regional Inspector for the Special Delegation of the State Agency for Tax Administration in Galicia.

Ignacio Fernández replaces Antonio Rubio, who is leaving the company to take on new professional challenges. [/private]