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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

More than a Chairperson - Founder’s Daughter Takes Zara Helm

A building is reflected in the window of a Zara clothes store, part of the Spanish Inditex group, in Bilbao, Spain, November 30, 2021. (Reuters)

The daughter of Inditex's billionaire founder takes the helm of his Zara fashion empire on Friday with a more hands-on role than originally expected by outsiders, though a much lower salary than her veteran predecessor.

Marta Ortega, Amancio Ortega's youngest child, will not only be non-executive chairperson, as announced in November, but will also manage the firm's communication strategy and its internal audit body, the company said in an annual report on remuneration of directors sent to Spain's stock market regulator last month.

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