Zara-owner Inditex SA plans to elevate its chief operations officer to be its next chief executive, a management change the world’s largest fashion chain said would help it focus on enhancing its digital capabilities. The company said it is proposing 48-year-old Carlos Crespo as its new CEO, replacing Pablo Isla, who currently holds the joint role of CEO and executive chairman. Mr. Isla, 55, will stay on as chairman, and Mr. Crespo will report to him. Both appointments need to be approved by Inditex’s board following a July...

Source: Wall Street Journal May 23, 2019 17:15 UTC