Indra begins a new era with Ángel Simón at the helm after leadership crisis

A necessary change at the top of Indra

The company Indra, a leader in the defence sector in Spain, has made a significant shift in its leadership with the appointment of Ángel Simón as non-executive chairman. This change comes after the abrupt departure of Ángel Escribano, who left his position following a period marked by internal tensions and a notable loss of confidence from the Government. The decision was made during an extraordinary board meeting that extended into the early hours of the morning.

Simón, an experienced Catalan businessman born in Manresa, takes on the challenge at a critical moment for Indra, which has seen its stock value drop by more than 2 billion in recent weeks due to internal conflicts. With a career that includes key positions such as CEO of Criteria Caixa and chairman of the Agbar group, his experience is valued by the Government, which seeks to stabilise internal governance and reinforce Indra's strategic position within the European defence sector.

The forced departure of Escribano occurred after a series of disagreements between shareholders and the board of directors. Despite the initial support received, particularly from the Amber fund, relations deteriorated rapidly. The Spanish Executive deemed it unsustainable to maintain a chairman without the necessary backing to manage crucial multi-million contracts for the national industry.