Correos chief Serrano speaks no English as Spain's postal debt hits €1.2 billion

Serrano, the Correos president who speaks no English and leaves behind €1.2 billion in debt

Juan Serrano, Pedro Sánchez's chief of staff since 2014, was appointed president of Sociedad Estatal Correos y Telégrafos (Spain's state-owned postal service) amid heavy indebtedness. According to internal sources, Serrano lacks basic skills such as English, forcing him to delegate meetings with the company's two biggest clients: Amazon and Aliexpress. The company has accumulated a debt of €1.2 billion, the highest in its history, coinciding with a worldwide record in parcel deliveries.

A questioned track record for a key post
His previous experience is limited to the Federación Española de Municipios y Provincias (FEMP, the Spanish federation of municipalities and provinces), with no training in logistics or business management. His appointment has been criticized as a case of political instrumentalization of a public company. The opposition argues that the debt reflects poor management and decisions that privilege party interests over those of the company.

The shadow of a judicial investigation
Several sources indicate that judges are gathering evidence that could lead to Serrano and his circle being formally charged, in a possible scandal that some compare to the Sarkozy case. Meanwhile, the Correos president remains in office, and the company continues to pile up losses. The situation illustrates how cronyism and a lack of technical expertise can push a strategic company to the brink of financial collapse. Only time will tell whether justice will act or whether the official narrative manages to hide reality.