Mango Appoints Toni Ruiz as Managing Director of Textile Group

The executive was up to now the chief financial officer. With this move, Mango reintroduced into the organization chart the figure of the general manager, position that until 2015 played against Enric Casi, according to Moda's advances last night and confirmed sources of the group. The functions of Casi were awarded by Ruiz and Carlos Costa, Director of Operations.

With this remodeling, Ruiz becomes the highest leader, right behind Andic himself. Costa and Daniel López and Jonathan Andic, who remain executive vice presidents, will now report to Ruiz. The five officers also make up the board of directors of the company.

According to the internal statement, Ruiz should lead the improvement of the company's fashion results, promote the process of digital transformation and bring the company closer to the main challenges of the textile sector. The new director graduated in Economics from the University of Barcelona. Before joining Mango, he had developed his professional career at Leroy Merlin.

With a network of 2,190 points of sale and a presence in 110 countries, Mango invoiced US $ 2,496 million in 2017, down 2.9% due to the high temperatures recorded in the second half of the year. The year 2017 was the second year in the red, with losses of 37.5 million, down 46%. However, the company managed to increase EBITDA by 50%, reaching 130.8 million euros.

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