Inditex to Appoint Goirigolzarri as Director, Boost Executive Pay

Inditex's ordinary general shareholders' meeting on July 7, 2026 will vote on appointing former Caixabank president José Ignacio Goirigolzarri as an independent director, replacing Rodrigo Echenique, whose term ends July 12 Source: abc.es, infobae, elmundoes. Goirigolzarri, also a former BBVA CEO and Bankia president, joins a board that will see the re-election of CEO Óscar García Maceiras (executive), Marta Ortega and Flora Pérez (proprietary), and independents Denise Kingsmill, Pilar López, and Belén Romana Source: abc.es.

Compensation Proposals

The board proposes updated remuneration for the CEO and chairwoman for fiscal years 2027–2029, citing 'excellent' results and value creation since 2021 despite a complex macroeconomic environment Source: infobae. Key changes include:

• García Maceiras's fixed salary rises from €2.5M to €2.95M (3.7% annualized since 2022), with variable annual target increasing from 120% to 150% of fixed. Total executive compensation goes from €7.3M to €9.175M (5.2% annualized) Source: elmundoes.
• Marta Ortega's remuneration as non-executive chairwoman increases from €900,000 to €1.05M (3.5% annualized) Source: abc.es.
• The variable component is conditional on meeting business targets, maintaining a 'pay for performance' philosophy Source: infobae.

The company notes that the 2.2% annualized increase in CEO fixed pay from 2022 to 2029 is below the average staff remuneration growth and below the 24.2% rise in Stoxx Europe 50 CEO fixed pay (2021–2025) Source: elmundoes. The new policy takes effect February 1, 2027.