El Corte Inglés Expands Board, Pledges To 'Embrace Differentiation'
Spanish retailer El Corte Inglés has announced that it has increased the size of its board of directors to 11 members, as part of a strategic plan to "take advantage of the strengths that differentiate us from our competitors", according to Jesús Nuño de la Rosa, the retailer's president.
At the company's annual shareholder meeting, the Spanish retailer's shareholders announced the extension of the board, as well as the incorporation of a non-executive director, Fernando Becker, onto the board.
The appointment of Becker, a professor of economics, 'will mean greater professionalisation of the Board and a new advance in corporate governance', El Corte Inglés said.
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