What: Cristina Álvarez has been appointed as the new non-executive chairperson of El Corte Inglés, succeeding her sister Marta Álvarez.

Why it is important: The appointment signals continuity in governance while supporting the company’s focus on efficiency, financial health, and growth.

El Corte Inglés has announced a significant leadership transition, with Cristina Álvarez set to become the new non-executive chairperson, taking over from her sister Marta Álvarez in January 2026. This change is presented as part of a stable and orderly succession, ensuring continuity in the company’s direction. Marta Álvarez, who will remain involved in strategic areas, emphasised the readiness of the new management team to pursue the objectives outlined in the 2025-2030 Strategic Plan. The announcement coincides with the release of strong financial results for the first half of fiscal year 2025-2026, including revenues of €8.212 billion, a 1.6% like-for-like turnover increase, and a 10.3% rise in net profit to €224 million. The group also reported ongoing debt reduction and robust performance across retail, travel, insurance, and financial services. These results reflect the company’s focus on operational efficiency, resource optimisation, and profitable growth, positioning El Corte Inglés for continued success in a competitive retail landscape.

IADS Notes: The leadership transition at El Corte Inglés is consistent with the company’s broader strategy of generational renewal and operational rigour, as highlighted in October 2025 (“A look at El Corte Inglés’ new leadership team,” El Confidencial). Recent financial results, including strong like-for-like growth and EBITDA, validate the effectiveness of its transformation initiatives and investment plans outlined in June 2025 (“El Corte Inglés posts a FY2024-25 like-for-like growth of 4.3%,” Press Release) and July 2025 (“El Corte Inglés announces €3 billion investment plan,” Modaes, Fashion Network). Ongoing asset management and debt reduction further reinforce the group’s financial health and capacity for future expansion, as reported in July 2025 (“El Corte Inglés increases the value of its real estate portfolio to €15.716 billion,” Modaes), underscoring its resilience and adaptability in the evolving retail sector.

El Corte Inglés names Cristina Álvarez its new chairperson