Indra appoints Ángel Simón as non-executive president and promotes De los Mozos to “first” government | Economy | EUROtoday

Indra already has Ángel Escribano’s alternative on the head of the corporate. The board of administrators of the expertise firm met late this Holy Wednesday and, round three-thirty within the morning, despatched a press release to the National Securities Market Commission (CNMV) during which it confirmed the brand new distribution of energy on the prime of the expertise and protection firm: Ángel Simón would be the new president, however not with the manager title. That phrase, which designates who runs the operations and day-to-day working of an organization, falls to the one who was already CEO, José Vicente de los Mozos. According to the word despatched to the regulator, the previous Renault supervisor and quantity two with Escribano would be the “first executive” of Indra any further.

Simón has additionally been named Indra’s advisor, as was required previous to with the ability to occupy the presidency. And it has been as “another external”, which implies that it doesn’t presently occupy a chair on behalf of any of the shareholders. All of this, though it has been the Government, via the State Society of Industrial Participations (SEPI), that has proposed the previous head of Criteria Caixa, the funding arm of La Caixa, to direct an organization that was the large inventory market star on the Ibex 35 final yr.

However, following a positive report from the appointments, remuneration and company governance committee, Indra’s board has made this double determination, in keeping with what SEPI, as the corporate’s first shareholder, with 28% of the capital, had proposed to it on Wednesday afternoon.

This returns to the format really useful by buyers in issues of company governance: that the president doesn’t have government features. It additionally returns to how Indra was run earlier than the arrival of Marc Murtra in 2021. During his mandate, the now head of Telefónica grew to become government president, a place that Ángel Escribano inherited 15 months in the past. Both he and his brother, Javier (additionally president of Escribano Mechanical & Engineering, EM&E), account for 14.3% of Indra’s capital, which makes them second shareholders. However, when Ángel Escribano additionally resigns as a director and Simón takes his place on the board as an unbiased, EM&E loses decision-making energy.

Ángel Simón, born in Manresa in 1957, is a supervisor with a famend enterprise profession, regardless of missing expertise within the protection sector, Indra’s main goal for 2 years. He was CEO of Criteria Caixa throughout January 2024 and April 2025. With a level in Civil Engineering from the Polytechnic University of Barcelona, ​​Simón was beforehand president of the Aguas de Barcelona group (Agbar) and vp of the power firm Veolia, along with having held the place of deputy normal director and government vp of the Suez group, amongst different positions.

This entire dance of names and positions has taken place in just a few hours, since Ángel Escribano introduced his resignation on Wednesday afternoon following growing stress from SEPI itself to finish the battle of curiosity that implied that the director was president of Indra and proprietor of EM&E within the buy or merger operation between each firms. The Government thought-about that it couldn’t be purchaser and vendor in the identical provide and EM&E responded two weeks in the past with one other twist of the script: it withdrew from the sale negotiations. Now we must see what occurs with Escribano inside Indra and if it prefers to supply its industrial and operational capability, the actual purpose for Indra’s need to amass it, to a different huge identify on the continent, such because the German big Rheinmettal.

But the unchecking of EM&E was not sufficient for Moncloa, who continued with the thought of ​​taking again the controls of Indra. The former president didn’t need to go away with reproaches and has despatched a letter to the board during which he does acknowledge that the occasions of latest weeks have generated a state of affairs that, “in addition to personal wear and tear, threatens to compromise the objectives that motivated him from day one and that he considers essential for the future of Indra and the sector.”

“Faithful to the values ​​of responsibility and loyalty that I have always defended, I cannot allow my continuity to interfere with the stability of the company, its professionals and the trust of its investors,” he said, later including that for that reason, “and putting the interest of Indra above any personal consideration,” he has determined to current his resignation as director and government president of Indra.