Six years after Amancio Ortega stepped down as president of Inditex, he decided to do it for his own foundation as well. In a short statement, Amancio Ortega Foundation conveyed this businessman leaving presidency Despite being part of the nonprofit, it will continue to be affiliated with it, as it “will continue to form part of its Board of Trustees.”
Flora Perez MarcoteSo far the foundation’s vice-president and wife of the Galician businessman, will be the new president. “Since the foundation’s founding in 2001, Flora Pérez Marcote has carried out intensive work with regard to the implementation and development of its programmes, particularly in the social field and with the institutional representation of the institution,” they point out. organization.
Marta Ortega, president of Inditex and daughter of Spain’s biggest fortune, She will replace her mother as vice president. Upon the proposal of the Board of Trustees of the Foundation, of which he has been a member since 2015, the Amancio Ortega Foundation Board of Trustees consists of the family of Inditex’s founder and senior executives, including Pablo Isla. CEO of the textile group between 2005-2021, Roberto CibeiraCEO of Ortega’s real estate company, Pontegadea, or Jose Arnau Sierraone of the men the businessman trusts.
Amancio Ortega Foundation Projects
Amancio Ortega Foundation born in 2001It coincides with the IPO of Inditex and the reorganization of the textile businessman’s entire fortune, including the founding of Pontegadea. There is an asset two business lines, education and social welfare. The first gives scholarships to high school students who want to study, for example, in the United States and Canada, while the second invests in social and health infrastructures such as the National Proton Therapy Plan or communications network in the Hispanic public health system. Comprehensive Care Centers for the Elderly in Galicia, which makes up most of the budget.
In 2022, the institution allocated 52.8 million euros to social investment in its own projects and financing of other institutions. Between 2018 and 2022, 437.7 million projects have been completed and are waiting for all projects. Mobilizing another 487.8 million people between 2023 and 2027, 443.6 will be contributed by Amancio Ortega. The largest item is the socio-sanitary infrastructure, which will require an expenditure of over 386 million euros.