Adolfo Domínguez Fernández, president of the fashion group Adolfo Domínguez, has resigned from the presidency after 28 years in office and has replaced his daughter, Adriana Domínguez, until now CEO of the company.
The appointment has been unanimously approved by the members of the board of directors, as reported by the company on Friday.
The until now president of the company, and also a main shareholder, thus consolidates the generational change of the company, which went through a deep crisis after the 2008 debacle and who, with Adriana Domínguez as CEO, has managed to straighten the course in recent years. years after a decade of losses.
Adriana Domínguez has been a director of the company since November 2016 and since July 2017 the board delegated all executive powers to her, first as CEO (2017-19) and as CEO (since July 2019), a position that is now adds to that of chairwoman 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 she has managed to completely renew the management of the company, in tandem with the current CEO, Antonio Puente.
Adolfo Domínguez, 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 the reins of the company inherited from his parents, and popularized it in the 80s.
"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 Spain," the company highlighted.
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