Indra is preparing for a major leadership reshuffle. President Ángel Simón is moving to replace several long-serving executives and build a team for the company’s next phase. The new strategy is due to be announced on November 25 at Capital Markets Day.
Since becoming president on April 2, Simón has made only a few changes. He brought in Ciril Rozman from CriteriaCaixa as director of the Office of the Presidency and Public Affairs, and appointed José María de Paz secretary of the board. The biggest change came in May, when Josep Maria Recasens, formerly at Renault, became CEO, replacing José Vicente de los Mozos. De los Mozos, also a former Renault executive, left when his contract expired in June.
Now, with those first steps in place, Simón and Recasens are moving faster. Sources cited by EXPANSIÓN say the new management structure will go before the board on September 29. The committee, currently comprising 16 members, is expected to be ready by October to lead Indra’s new strategy, due to be announced on November 25 at Capital Markets Day. Reuters reported that Indra set the date after postponing the presentation several times earlier in the year. Those delays reflected the scale and complexity of the changes.
The shakeup is expected to unfold in two stages. The first, at the end of September, will likely bring the departure of several executives who rose under the previous leadership of Ángel Escribano and José Vicente de los Mozos. Those rumored to be leaving include Manuel Ausaverri, chief strategy officer, and Manuel Escalante, the CTO. There are signs, but, that the Ministry of Defence may try to keep Escalante in his role. A second round is planned for the end of the year, with further departures and appointments expected. Spanish business media report that the new management committee should be finalized by October, ahead of the strategic plan presentation.
Other executives under review include Miguel Ángel Panduro, director general of Indra Space. His close ties to former president Escribano could put his job at risk, though support from the Ministry of Industry might help him stay. Simón is also considering other figures from the previous era as he builds a team to fit his vision: Raúl Cervantes (Control), Víctor Martínez (ATM), Ignacio Martínez (IndraMind), María del Carmen Moneva (Human Resources), and Frank Torres (Indra Land Vehicles).
Economía Digital described the November strategy as the second phase of Indra’s ongoing 'Leading the Future' program. The previous plan set a revenue target of €10 billion by 2030. Strong results in Defence helped the company reach interim targets two years early. Simón and Recasens’ new plan will pursue growth through partnerships and alliances, with less emphasis on acquisitions. Expansion in Catalonia is a priority. Acquisitions remain possible, but the basic goal is to gain new capabilities through agreements rather than internal restructuring. Reuters and other business media report that Simón and Recasens are expected to present the strategy to analysts and investors in Madrid.
Details of the new appointments remain under wraps. The nominations and remuneration committee will review the first round of changes next week, and the full board is expected to approve the new structure at the end of the month. The aim is to have the new leadership in place for the strategic plan’s rollout in November. Recasens told EFE/Infobae that Indra must "run and become bigger" to matter when sector consolidation begins, a statement that captures the urgency and ambition behind the restructuring.
This level of executive turnover is unusual for a company like Indra, particularly given its role in Defence. The timing and scope of the changes signal Simón’s intent to take control and distance the company from the controversies and political tensions of the previous administration. Indra’s ability to deliver on its new strategy will depend on how well the new leadership team works together.
Major leadership changes at Indra fit a broader pattern among Spain’s large companies during periods of political or strategic change. As reported earlier, government-linked organizations have faced similar turbulence when national priorities shift or new leaders seek a clean break with the past. The coming months will test whether Simón’s approach can bring stability and new momentum to Indra in a sector shaped by government and market pressures.
