Endesa vetoes the entry of Mónica Espinosa into Indra as an impartial director | Companies | EUROtoday

Frustrated signing at Indra. The firm has knowledgeable the CNMV that Mónica Helena Espinosa Caldas, who was going to occupy an impartial director’s chair and whose appointment was scheduled on the extraordinary assembly on November 28, is not going to be part of the decision-making physique. Espinosa Caldas has knowledgeable the corporate, via a letter dated final Monday, of the “impossibility of accepting said position.” And the reason being that what was his house for 20 years (till 2020), Endesa, has rejected “the request to join the board of Indra given that it is an Endesa supplier, a fact that I was unaware of,” he explains within the letter.

The board member, who turned CEO of Endesa Portugal, complains that she despatched her request when the incorporation course of to Indra started, however the electrical energy firm’s response has not arrived till this Monday regardless of “the obligation to respond in five days.”

The step again from the previous government of Endesa and Enel motivates the board to stay at 15 members, as soon as the remaining settlement proposals for ratification, re-election and appointment of administrators are authorized. The proportion of independents is lowered to 46.66% and the presence of girls falls to 33.33%.

This composition, Indra highlights within the be aware despatched to the regulator, differs from the proposal to the board. For this purpose, a range course of might be launched for a brand new impartial director who might be led, with exterior recommendation, by the Appointments, Remuneration and Corporate Governance committee. The restoration of the anticipated stage of independents might be taken to a brand new shareholders assembly.

Next Friday, the acquisition of 89.68% of the share capital of Hispasat for 725 million might be submitted for approval. The president of Indra, Ángel Escribano, introduced in mid-October that this operation has required regulatory authorizations in a dozen nations.

Regarding company governance, shareholders should vote for the re-election of María Belén Amatriain Corbi, Virginia Arce, Bernardo Villazán and María Teresa Busto del Castillo. Additionally, the entry of two impartial administrators was deliberate: María Aránzazu Díaz-Lladó and Mónica Helena Espinosa Caldas, changing Coloma Armero and Olga San Jacinto, who are usually not renewed. Finally, the ratification as proprietary director of Juan Moscoso del Prado Hernández, representing the State Society of Industrial Participations (SEPI), is predicted.

An extended profession at Endesa

Mónica Espinosa has stable coaching {and professional} expertise. She has a level in Medicine and Surgery from the Autonomous University of Madrid, and along with having an MBA from the Instituto de Empresa, she has accomplished the ENEL Leadership for Energy Executive Program at Harvard Business School, the Product Design Innovation Executive Program at Stanford and the Esade Advisor Program.

Most of his profession has been developed at Endesa, the place he has held positions associated to Strategy, Business and administration in each Spain and Latin America (Colombia, Peru, Argentina, Brazil and Chile). At the Italian firm Enel he has been international head of Home Services, and in his final stage at Endesa he was promoted to CEO of Portugal. Previously she labored for McKinsey as an Associate Partner within the United States and Spain, and at Accenture as a senior guide.

Currently, he’s a part of the board of Seguros Santalucía as an impartial. He has beforehand served on the boards of administrators of Enel Energía, Amper or Auganex.