Adolfo Domnguez gives the presidency of the group to his daughter after 28 years in office

Friday,
29
may
2020

10:10

Adriana Domnguez was until now CEO


Adolfo Domnguez and Adriana Domnguez
THE WORLD

Adolfo Domnguez Fernndez, president of the fashion group Adolfo Domnguez,He has resigned from the presidency after 28 years in office and gives the relief to his daughter, Adriana Domnguez, until now CEO of the compoaa.

The appointment has been unanimously approved by the members of the board of directors,as reported by the company this Friday.

The until now president of the company, and also a main shareholder,Thus consolidates the generational replacement of the company, who was going through a deep crisis after the 2008 debacle and who, with Adriana Domnguez as CEO, has managed to straighten the course in recent years, after a decade of losses.

Adriana DomnguezShe has been a director of the company since November 2016.and since July 2017 the council delegated to it all executive powers, first as CEO (2017-19) and as CEO (since July 2019), a position that is now added to that of chair of the board of directors.

Economist by training,the new executive president embodies the third generation of the company founded by her grandparents in 1950.For four years he has managed to completely renew the management of the company, in tandem with the current CEO, Antonio Puente.

Adolfo Domnguez, 70, has decided to leave office, although he remains on the company’s administrative body as proprietary director. He was the main promoter of the brand, took charge of the company inherited from his parents, and popularized it in the 80s.

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“The brand is today among the most reputable and recognized in Spanish fashion, it is the oldest firm in the textile sector on the Stock Market and has 52% of its stores outside of Spain,” the company highlighted.

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