Indra Appoints Ángel Escribano as New Chairman Following Leadership Change

Spanish defense and technology company Indra (IDR.MC) announced the appointment of Ángel Escribano as its new chairman on Sunday. This leadership change follows former chairman Marc Murtra’s decision to accept an offer to become the chief executive of telecom giant Telefónica (TEF.MC).

The decision was finalized during an extraordinary board meeting convened to address the leadership transition. Murtra was appointed CEO of Telefónica on Saturday, succeeding José María Álvarez-Pallete at the request of Spain’s state-owned fund SEPI.

In its official statement, Indra’s board expressed gratitude for Murtra’s contributions, highlighting his role in driving a significant transformation within the company and laying the groundwork for a strong and sustainable business strategy.

Ángel Escribano, the incoming chairman, is the CEO and owner of Escribano Mechanical & Engineering, a private company operating within the military industry. He has been a shareholder of Indra since May 2023, bringing experience and expertise in the defense sector to his new role.