Overview
- Indra’s board, which met Tuesday, confirmed Ángel Simón as president of its executive and strategy committees despite his non‑executive chair role.
- Simón delayed the update to Indra’s medium‑term plan until October to give time to sort governance and shareholder issues.
- Directors are weighing changes to board makeup, including expanding to 16 seats so representation better reflects shareholders, with Spain’s state investor SEPI seeking a stronger voice.
- The Escribano family’s EM&E holds 14.3% of Indra and has hired JP Morgan to find buyers for part of its stake, with some shares pledged as loan collateral that could complicate any sale.
- CEO José Vicente de los Mozos said the company expects a €20 billion order backlog this year and will focus on getting products delivered.