MADRID (Reuters) – Spanish support and modern technology business Indra on Sunday claimed it has actually selected Angel Escribano as its brand-new chairman, after previous chairman Marc Murtra approved telecommunications titan Telefonica’s provide to end up being president.
Indra held a remarkable board conference to change Murtra, that was selected chief executive officer of Telefonica on Saturday, changing Jose Maria Alvarez-Pallete complying with a demand from state-owned fund SEPI.
The support company’s board said thanks to Murtra for his operate in a declaration, stating he added to “drive and materialise a very relevant transformation of the Indra Group and a solid business project for the coming years.”
Angel Escribano is the chief executive officer and proprietor of independently held Escribano Mechanical & & Engineering, which is likewise component of the army market. He has actually been an investor of Indra given that May 2023.
(Reporting by Ana Cantero in Madrid; Editing by Nia Williams)
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