Nov 27, 2025
3 min read
A few days ago he appointed Santiago Bau as General Director
Cristina Álvarez, new president of El Corte Inglés, replacing her sister Marta
A month ago he appointed Santiago Bau as Director General
The replacement, which will take place on January 15, 2026, will take place in an "orderly, sustainable and continuous framework".
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Login Busy end of year in the management of El Corte Inglés.If just over a month ago they appointed a new general director, this Wednesday there was a change in the presidency.Upon proposal by Marta Álvarez, the company's board of directors unanimously approved the appointment of Cristina Álvarez as non-executive president of the group.
During the board meeting, Cristina Atalez said, “For the past six years, she has said 'Glory' and thought she would do things to protect the employees and customers of this great company.
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For her part, Marta Alvarez, in a letter from the company, believes that after becoming president, after being president, after the appointment of the first-level CEO, the deadline has reached a new stage in the new phase of the company.
"Now," continued Marta Alvarez in her letter, "with a new management team ready to achieve the goals set in the Strategic Plan for 2025-2030, I believe and have proposed to the Council, that the time has come to open a new phase in the presidency with my sister Cristina at the helm, starting January 2, 2026."
The move comes after then-CEO Gaston Bottasini left El Corte Inglés last month, more than a year in his post.
According to the organizational chart, Santiago Bau serves as general manager and is directly responsible for all the group's operations, in addition to the corporate and financial sectors.Likewise, Rafael Diaz Yeregui, Deputy Secretary of the Board of Directors, has been appointed Corporate Secretary, as General Manager, responsible for Legal Advisory, Sustainability and Human Resources Director.Both will report to the Board’s Oversight Committee.
Future and results
Marta Álvarez will now continue as a member of the board and its monitoring commission and in the strategic direction of the private label, fashion and home brands.As she found out, one of her priorities now – and after six years on the job – was to focus on this area.
These corporate moves come in the middle of the Strategic Plan for 2025-2030, in force since March 1 last year, the main aspects of which were "reconstruction of stores, business development and increase in the group's logistics and technological capabilities," the group noted during the presentation.
On the economic front, El Korter England strengthened its position in the first half of the 2025-2026 financial year, significantly increasing the importance of profitability and strengthening its balance sheet.From March 1 to August 31, the group's total revenue was €8.212 million.Turnover on a like-for-like basis increased by 1.6% to EUR 7.032 million.
Ebitda reached 539 million euros, which was 3.8% compared to the same period last year thanks to last year.Net profit increased by double digits (up 10.3% to 224 million), while net profit doubled by 13.8% to 192 million.
This favorable evolution is responsible for achieving the company's management objective, resource efficiency and profitability.
El Corte Inglés' retail business, with global revenue of €5.908 million and turnover of €5.655 million, grew by 1.2% like-for-like (LfL).In line with the group's priority for profitable growth, good performance in fashion and beauty stands out, especially in its own brand.The sales figures of external, national and international brands were also positive.
Regarding Viajes El Corte Inglés, the global revenue volume reached 2.049 million euros, with a turnover of 1.262 million, an increase of 3.3% compared to the previous year.This evolution is mainly due to the holiday business, where the company strengthened its position as a benchmark in the sector, growing by 5.3%.
As for financial businesses, they are integrated in their work areas, with products adapted to the needs of each type of customer.Seguros El Corte Inglés' revenue increases by 11.1% to 153 million, with a profit of 43 million, or 22.9% more than last year.El Corte Finance reports revenue up 5.7% to 95 million, with 30 million in profit representing the full year.
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