As Mango anticipates its landmark 40th anniversary in 2024 with a sales forecast exceeding 3 billion euros, the fashion giant unveils transformative changes in its corporate structure. This includes a significant expansion of its board of directors and the strategic entry of its CEO, Toni Ruiz, as a 5% shareholder.
Effective March 2024, Mango’s board will grow from four to nine members. Notable additions include Margarita Salvans, the group’s CFO, and independent directors Marc Puig and Jordi Constans, bringing diverse expertise to the leadership team.
Founder Isak Andic emphasizes the historic importance of these changes, highlighting the impact on Mango’s strategy and institutionalization. The move aligns with the company’s commitment to growth and resilience in the dynamic fashion industry.
A pivotal development is CEO Toni Ruiz acquiring a 5% stake, approved through a capital increase. This move signifies stability and a long-term vision for Mango. Isak Andic commends Ruiz’s exceptional management, expecting his vision to contribute to Mango’s continuity and growth.
As Mango enters this transformative phase, these strategic changes underscore the brand’s commitment to visionary leadership, stability, and long-term success. Stay tuned as Mango embraces a new era in the ever-evolving world of fashion.