Indra Group Appoints Ángel Escribano as Executive Chairman Following Marc Murtra’s Resignation

Indra Group Appoints Ángel Escribano as Executive Chairman Following Marc Murtra’s Resignation

(IN BRIEF) At an extraordinary meeting, the Board of Directors of Indra Group accepted Marc Murtra’s resignation as Director and Executive Chairman, following his new role at Telefónica. Ángel Escribano has been appointed as his successor, taking on the position of Executive Chairman, with a focus on continuing the company’s strategic direction and business initiatives. Escribano’s appointment ensures a seamless transition and supports the ongoing implementation of Indra’s Strategic Plan for 2024-2026. Escribano, who co-founded EM&E Group and has extensive experience in defense systems, brings a wealth of operational and leadership expertise to his new role at Indra.

(PRESS RELEASE) MADRID, 21-Jan-2025 — /EuropaWire/ — At a recent extraordinary meeting, the Board of Directors of Indra Group officially accepted Marc Murtra’s resignation as Director and Executive Chairman of the company, along with his roles as Chairman of the Executive Committee and the Strategy Committee. Murtra’s departure follows his appointment as Director and Executive Chairman of Telefónica, S.A.

The Board expressed gratitude for Marc Murtra’s leadership, commending his instrumental role in driving the significant transformation of Indra Group and shaping a robust business strategy for the future. His contributions have been essential in guiding the company through a period of pivotal growth.

In response to the change, the Board has made the following decisions:

• Following a favorable report from the Appointment and Corporate Governance Committee, Ángel Escribano Ruiz was co-opted as a director of the company.
• To ensure a smooth transition, Escribano was appointed Executive Chairman of the Board of Directors, assuming the same executive responsibilities as Murtra, while coordinating with the company’s Chief Executive Officer, José Vicente de los Mozos, on operational and business matters.
• In line with the Spanish Companies Act, and with the approval of the Remuneration Committee, Escribano’s executive services contract was approved, maintaining the same compensation terms as those of the previous Executive Chairman, Marc Murtra. Escribano was also granted the necessary authority to carry out his new duties.

These decisions are aimed at maintaining the momentum of Indra’s Strategic Plan for 2024-2026 and are supported by the company’s key shareholders.

Profile of Ángel Escribano

Ángel Escribano, who co-founded Mecanizados Escribano in 1989 alongside his father and brother Javier, has led the transformation of the company into the successful EM&E Group. Under his leadership, the company expanded from manufacturing mechanical parts to designing and developing complex defense systems such as remote-control weapon stations, electro-optical systems, and guided ammunition kits.

Having worked in nearly every aspect of the business, Escribano has gained hands-on experience in operations, quality management, and commercial strategy. He currently serves on the Board of Directors for TESS DEFENCE and SMS.

About Indra Group
Indra Group (www.indracompany.com) is a holding company that promotes technological progress. It includes Indra, one of the main global defense, air traffic and space companies; and Minsait, leading digital transformation and information technologies in Spain and Latin America. Indra Group promotes a safer and more connected future through innovative solutions, trusted relationships, and the best talent. Sustainability is part of its strategy and culture, to respond to present and future social and environmental challenges. At the end of the financial year 2023, Indra Group had revenues of 4,343 million euros, more than 57,000 employees, local presence in 46 countries and commercial operations in more than 140 countries.

Media Contact:

Communication Dept. Contact
Toñi García Carballal
magcarballal@indra.es
+34 648102948

SOURCE: Indra Group