El Corte Inglés Names New CEO: Javier Catena Takes the Helm
Why the Change?
The board of directors voted unanimously to appoint Javier Catena as the new chief executive officer. The decision came after a proposal from the company’s president, Cristina Álvarez. The move aims to strengthen leadership as the group updates its strategic plan and prepares for major investments.
Who Is Javier Catena?
Background and Experience
Javier Catena is not a stranger to El Corte Inglés. He previously served as the company’s chief operating officer (COO), overseeing supply chain, logistics, and real estate. After leaving at the end of 2025, he returns with fresh insights and a deep understanding of the business.
What He’ll Do
As CEO, Catena will lead the implementation of the updated strategic plan, which includes investments of more than three billion euros through 2030. All business units will report to him, and he will head the management committee.
Leadership Shifts in Recent Years
A Quick Look at Recent CEOs
- July 2024: Gastón Botazzini became CEO.
- October 2025: Botazzini stepped down; Santiago Bau took over.
- January 2026: Cristina Álvarez became president, replacing her sister Marta Álvarez.
With Catena’s appointment, the company marks its third leadership change in just under two years.
Financial Highlights for 2025‑2026
Profit Growth and Debt Reduction
The group reported a net profit of 628 million euros for the 2025‑2026 period, up 22.8 % from the previous year. Sales and profitability showed solid growth, and the company achieved its lowest debt level in two decades.
Investment Plans
Thanks to the strong financial position, El Corte Inglés plans to increase investments by 14.6 % this year, reaching about 650 million euros.
Looking Ahead
The president emphasized that Catena’s return, backed by a solid management team, will be key for the next stage of growth and investment. The updated corporate governance structure is designed to meet new challenges while building on the progress made under previous leadership.
With strong performance across business segments and a clear investment roadmap, the company expects good prospects for the 2026‑2027 financial year.
Conclusion
El Corte Inglés is stepping into a new phase with Javier Catena at the helm. His experience, combined with the company’s solid financial health and ambitious investment plan, sets the stage for continued growth. The leadership change reflects the board’s confidence in navigating future challenges and seizing opportunities in the retail market.
Source
Images Credit: www.diariodeibiza.es