The Pontegadea groupwhich includes all holding companies owned by Amancio Ortega, its subsidiaries dedicated to real estate and other financial holdings, has appointed his daughter, Marta Ortega, as a new director for the entity as well as for its UK subsidiary. According to this Friday Official Register of Trade Register (Burmese), Founder’s daughter Inditex He became the new director of Pontegadea Inversiones and Pontegadea GB 2020, which pool their investments in the UK.
This appointment of Marta Ortega as Minister of Pontegadia occurs in the midst of a transfer of responsibilities at the head of Inditex, where the daughter of Amancio Ortega will take over the textile giant’s presidency on April 1, replacing Pablo Isla, who has served as the company’s president since 2011, and since 2005, vice president and CEO. During the March 16 presentation of the annual results of Inditex in headquarters artexoIsla referred to the company’s future president, stressing that she “knows the company perfectly” after fifteen years in it, and has “a lot of standards”.
The Pontegadea group It closed fiscal year 2020 (latest data available) with a net profit of €666 million, which is a 62% decrease compared to the previous year, the first in its history. The company, which was founded in 2001, achieved this result in a year marked by the Covid-19 pandemic after accounting for 60 million euros in donations to Amancio Ortega Foundation. Similarly, the investment arm of the Inditex founder closed the fiscal year 2020 with a turnover of 1,282 million euros, a decrease of 43% compared to the 2,261 million achieved in the previous year.
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