Inditex UK and Ireland’s managing director Max Nutz has stepped down after 25 years.
- Nutz’s successor will be Pilar Losada, currently leading Inditex in Australia and New Zealand.
- Nutz joined Inditex in 1999, holding various senior positions, including MD since 2018.
- Inditex’s profits rose by 10%, with significant growth across brands like Zara.
- Zara’s sales increased by 5.4% in the recent year, reaching £11m.
Max Nutz, the managing director of Inditex UK and Ireland, has decided to resign after an impressive tenure lasting 25 years. In this significant shift, Nutz is being succeeded by Pilar Losada, who has been instrumental in leading Inditex’s operations in Australia and New Zealand.
Nutz first joined Inditex in 1999 and over the years, garnered extensive experience by occupying several senior international roles. Notably, he served as managing director for the UK and Ireland from May 2018, a position through which he has significantly contributed to the company’s strategic business advancements.
His successor, Pilar Losada, has been part of Inditex since 2010 and has played a pivotal role in several regions, including Central China before her move to Australia. Her broad experience within the firm positions her well to take on the UK and Ireland markets.
This leadership transition coincides with a period of robust growth for Inditex. The company recently reported a 10% surge in half-year profits, illustrating solid performance across all its brands. With brands such as Stradivarius, Bershka, and Massimo Dutti experiencing growth, the company’s economic health appears positive.
Central to this success is the performance of Zara, Inditex’s largest brand. Zara, including its subsidiary Zara Home, witnessed a 5.4% increase in sales year-on-year, hitting £11 million. This underscores the brand’s ongoing consumer appeal and strategic market positioning.
The leadership change comes amid strong financial performance, marking a new chapter for Inditex UK and Ireland under Pilar Losada.
