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The board of directors of Mango’s parent company, Punto Fa S.L., has approved the appointment of Toni Ruiz, the company’s current CEO, as chairman of the board.
Since Ruiz joined the company in 2015, Mango has embarked on “unprecedented growth” and bolstered its financial stability, with a record turnover in 2023 of more than €3.1bn (£2.59bn).
Ruiz will maintain his responsibilities as CEO and add those of chairman of the board of directors. As a result Jonathan Andic will become vice-chairman of the board.
Mango said Ruiz has succeeded in transforming its positioning by “reinforcing its value proposition, embracing a unique style that is more aspirational and of greater quality, demonstrating a strong commitment to stores as a prime point of sale for customers (the company, unlike its competitors, is expanding its fleet by leaps and bounds), and working on the institutionalisation of processes and governance”.
In addition, the board of Mango also appointed Judith Andic and Sarah Andic as vice-chairwomen.
The new board of directors of Mango is composed of Toni Ruiz, chairman and CEO; Jonathan Andic, vice chairman; Daniel López and Margarita Salvans, as executive board members; and five independent board members: Jordi Canals, Professor and President of the Centre for Corporate Governance at IESE Business School; Jorge Lucaya, founding partner of AZ Capital; Jordi Constans, board member and former board member of various national and international companies; Marc Puig, president and CEO of Puig; and Manel Adell, board member and former executive of several multinational companies.
Ruiz said: “I am deeply grateful to the Andic family, the board of directors, and the entire Mango team for trusting me to continue leading this exciting project. Today, Mango is stronger than ever. We have a clear roadmap and great opportunities ahead of us. We want to keep growing and taking Mango to the top.”
