To sum it up in one word, non-executive chairman of Inditex, martha ortega, there will be magic words to be made at the beginning of the shareholders’ meeting to be held today. He repeated it up to six times in the four minutes of his speech. The first thing he emphasizes is that the results last year and throughout this year are due to “the incredible work our teams are doing every day.” And these achievements have been achieved thanks to the “courage and dedication” of all the people who are part of the multinational company.
“Throughout these months, we have faced many challenges, some of which were completely unpredictable and were overcome by what we call it. magic inditex. And for me Inditex it’s magic. Magic to overcome difficulties. Spell It’s magic to face challenges and come out stronger, but above all to do it and think that this is never enough, we can always do much better. This magic is teamwork”, Marta Ortega recognized.
The non-executive chairman once again touched upon the magic of Inditex at the end of his speech. “My deepest gratitude to the teams, suppliers, customers and everyone who supports us every day. Without them, the magic of Inditex would not have been possible,” he concluded.
CEO, Oscar Garcia Maceiras He made a brief review of the group’s results and the goals set. company recommends in the future. He underlined his support for sustainability and put forward some of the commitments he will make, such as reducing emissions by 50% by 2030. It also reaffirmed Inditex’s commitment to achieve zero emissions by 2040. suggested that 40% of the fibers the company uses to make its clothes will be recycled and 25% will come from organic and regenerative fibers.
As every year, general assembly of shareholdersIt was an oil raft that lasted 75 minutes. 11 items on the agenda were accepted without objection. It is not surprising that Amancio Ortega owns almost 60% of the shares. And just at the fifth point of the day, the founder of the multinational company appeared. Person referring to the board of directors.
Shareholders re-elected for four years Amancio Ortega and José Luis Durán Schulz as proprietary and independent directors, respectively. They already were, but they had exhausted the four-year term for which they were elected.
After leaving, they also approved the composition of the new board. Emilio Saracho Rodriguez de Torres reduced to ten directors, four private, one executive and five independent. Five out of ten people are men and the other five are women.
This shareholders They also confirmed last year’s accounts, when he billed 32,569 million and earned 4,130. Both figures are a historical record for the company, even though it has closed its business in Russia.
A long-term incentive plan in the form of cash and shares for up to a maximum of 750 beneficiaries for management team members and other group employees, including executive directors, was also voted on and approved. 250.5 million euros will be distributed to all over the next four years.