Santiago, March 18, 2026.– With broad support from its Board of Directors, Grupo Falabella today announced the appointment of Fernando de Peña Iver as the Company’s new Chairman. The executive assumes this role at a time when the group is in a phase of growth and consolidation of its value proposition in Chile and across the region.
“I am very happy and grateful to have been invited to be part of Falabella’s Board of Directors, a group I know well and of which I have been part for 35 years through Mallplaza. Being entrusted today with the responsibility of chairing it is both an honor and a great responsibility. I hope to carry it forward with a strategic vision, driving the company’s growth through integrity and by fostering the necessary consensus to consolidate this new stage,” said De Peña.
Fernando de Peña is a civil industrial engineer from Pontificia Universidad Católica de Chile and has built a distinguished career of more than three decades in the development of shopping centers across Latin America. For 35 years, he served as CEO of Mallplaza, where he led its regional expansion and transformed the business toward a model of urban centers that integrate retail, services, and experiences for local communities. Under his leadership, the company grew from operating a single shopping center in Chile to becoming a regional platform with 37 operations in Chile, Peru, and Colombia. In addition, De Peña promoted the integration of physical assets and digital strategies within the group’s retail ecosystem.
Grupo Falabella’s CEO, Alejandro González Dale, highlighted De Peña’s extensive career. “His deep knowledge of the Group and the industry, as well as his experience leading growth and transformation processes, will be extremely valuable in guiding this stage of the company,” the executive stated.
The appointment comes after a period of solid performance by the company. In 2025, Grupo Falabella reported profits of US$1.485 billion and a record EBITDA of US$2.144 billion, driven by strong performance across all its businesses and the consistent execution of its growth and operational efficiency strategy.
“Falabella demonstrated its ability to read the context and reconnect with its customers, which has generated strong returns and allowed it to regain the market’s much-needed confidence. Today, as a Board, we must consolidate this new phase of growth through flawless execution of our strategy across each of our businesses,” said De Peña.
At the same time, the members of the Board Committee were appointed, which will be chaired by independent director Carolina Schmidt and composed of Juan Pablo Del Río and Tomás Müller.
With this new leadership on its Board of Directors, Grupo Falabella reaffirms its commitment to long-term management focused on continuing to develop its regional platform of retail, financial services, and shopping centers, generating sustainable value for its customers, employees, shareholders, and the communities in which it operates.
