Inditex appoints former Italian prime minister Enrico Letta as chair of its International Advisory Council

Inditex has appointed former Italian prime minister Enrico Letta as chairman of its International Advisory Board, whose creation was announced at July’s annual general meeting.

This board, whose membership had not previously been disclosed, held its inaugural meeting on November 27. It will advise the board of directors on geopolitics, international economics and other global matters.

In addition to Letta as chairman, the board comprises Taeho Bark, Simon Fraser, Rafael Gil-Tienda, Anne Lange, Enrique Lores, and Marcos Troyjo, Inditex said.

The Spanish textile multinational reported on Wednesday the results for the first nine months of its financial year (February to October), posting a record net profit of 4.622 billion euros, 3.9% higher than in the same period of the previous year.

Following the publication of its accounts, the group’s shares jumped by more than 8% at the market open, to 53.02 euros per share.