Max Nutz, a veteran at Inditex, exits his role as UK Managing Director after 25 years of service.
- Nutz was instrumental in leading Inditex UK and Ireland since May 2018, after joining the company in 1999.
- He will be succeeded by Pilar Losada, previously the Managing Director for Australia and New Zealand.
- Losada’s appointment aligns with Inditex’s recent growth, marked by a 10% rise in half-year profits.
- Inditex’s largest brand, Zara, saw a significant 5.4% year-on-year sales increase.
Max Nutz has stepped down as the Managing Director for Inditex UK and Ireland, concluding a distinguished 25-year tenure with the company. Having joined Inditex in 1999, Nutz held various senior international positions, contributing significantly to the company’s global strategy and market presence.
Nutz has been at the helm of Inditex UK and Ireland since May 2018, navigating the business through a dynamic retail landscape and overseeing numerous strategic initiatives. His leadership period is marked by key growth and operational advancements for the company.
Pilar Losada is set to take over the role, bringing her extensive experience from managing Inditex operations in Australia and New Zealand. Losada joined the Spanish fashion giant in 2010 and has since held pivotal roles, including managing director positions in Central China and the Australasian regions.
This leadership transition comes on the heels of a successful financial period for Inditex, with a reported 10% surge in half-year profits. This boom is attributed to the performance of its diverse brand portfolio, including Stradivarius, Bershka, and Massimo Dutti, alongside its flagship label Zara.
Zara, within the Inditex conglomerate, continues to thrive, reflecting a 5.4% increase in sales year-on-year. This growth underscores the brand’s robust market appeal and successful adaptation to ever-evolving consumer preferences.
The leadership change at Inditex UK and Ireland marks a significant moment of transition, poised to sustain the company’s upward trajectory.
