Indra is changing its executive structure before it unveils a new strategy. Five senior managers are leaving, while Defence and Operations get new leaders.
Indra's board approved the changes on Tuesday, 29 September 2026. Five senior executives are leaving, including Manuel Ausaverri and Manuel Escalante.
The decision also fills the Defence leadership gap left by José Vicente de los Mozos. Indra will set out its new strategic plan in the coming weeks.
Juan Ramón Hernández will lead Defence and Space. Frank Torres will take over as General Manager of Operations. ATM and Mobility will come under Víctor Martínez, Indra's current general manager for ATM.
Indra is reducing its executive committee from 16 to 13 members, turning the overhaul into a broader consolidation of the management model rather than a series of isolated personnel changes.
The finance structure will sit under Miguel Forteza. The current chief financial officer will oversee Finance and Management Control, including mergers and acquisitions.
David Santos, who previously led Legal Advisory, will become technical secretary-general. The committee will have fewer members.
That is the main shift.
Indra is changing more than individual posts. It is cutting the executive committee from 16 members to 13 and placing several functions under fewer areas of responsibility.
EFE reported that the changes are meant to bring the structure and the team in line with Indra's future operating model and strategic priorities.
The largest open position is the new General Management of Strategy Technology and Product. The division will bring together duties that were previously split across the company.
Indra has started looking for a senior executive to lead the division. Until then, the chief executive will hold the post on an interim basis.
EFE identified five departures from the executive structure: Manuel Ausaverri, Manuel Escalante, Antonio Mora, Juan Pedro Rodríguez and Miguel Ángel Panduro. The report also confirmed the merger of Defence and Space under Juan Ramón Hernández and the concentration of Finance and Management Control, including M&A, under Miguel Forteza.
Indra will also remove the separate central structure for international operations. Each business unit will take direct responsibility for expanding its presence in different markets.
The timing points to the next strategic roadmap. Indra will present it on 25 November at its next Capital Markets Day.
Ángel Simón and CEO Josep Maria Recasens are leading the process. During his time at Renault, Recasens had already worked on a strategy that extended to 2030.
Several Spanish business publications have linked the restructuring to preparations for the investor presentation. The investor day is close.
The board decision had been preceded by reports published on 23 September. Those reports described the planned overhaul as a move beyond the previous management phase and preparation for a new strategic cycle.
The board meeting to approve the changes was scheduled for 29 September.
Ausaverri is leaving after more than two decades at Indra. He held senior roles in Strategy, Innovation and Sustainability.
His work included Indra's entry into ITP, the acquisition of Hispasat and the takeover of Tess Defence. He was also one of the main figures behind the current Leading the Future plan.
He was not part of the team designing the new roadmap.
Escalante's departure matters to the defence business. He was responsible for Technology and served as president of Tess Defence.
During his presidency, Tess Defence accelerated production of Dragón 8x8 armoured vehicles. The consortium expects to deliver the 100th unit to the Army shortly.
It is unlikely to reach the 138 vehicles committed for this year.
The board also amended its own regulations and the rules for its committees. The revisions set out procedures for reporting potential conflicts of interest and clarify practical parts of directors' duty of dedication.
The defence changes come while negotiations and industrial issues involving Santa Bárbara remain in view. Some reports have cited those issues as part of the wider context for the reorganisation.
That link is not an official explanation for every personnel decision.
Simón and Recasens are consolidating the team after a period of major corporate moves and tensions in Spain's defence sector. The new structure places strategy, technology, operations and business units under tighter control.
The November investor day will put that structure to its first public test. It will show whether the changes have created a clear platform for Indra's next phase.
