Spanish defence and technology company Indra has announced Angel Escribano as its new chairman. This decision follows the departure of Marc Murtra, the former chairman, who has accepted the role of CEO at telecom giant Telefónica. Murtra’s appointment as Telefónica's CEO on Saturday came at the request of SEPI, a state-owned fund.

In an extraordinary board meeting held on Sunday, Indra's board selected Escribano to take over as chairman. The board expressed gratitude to Murtra for his leadership and significant contributions during his tenure. In a statement, the board highlighted Murtra’s efforts in transforming the Indra Group and laying the groundwork for a strong future business strategy.

Angel Escribano brings substantial experience to his new role. He is the CEO and owner of Escribano Mechanical & Engineering, a privately owned company that operates within the military industry. Escribano has also been a shareholder in Indra since May 2023.

Indra, a key player in the defence and technology sector, is poised for continued growth under Escribano’s leadership. His expertise and industry background are expected to strengthen the company’s position in the market and drive its future projects.

This leadership change marks a new chapter for both Indra and Telefónica, with both companies looking to advance their strategic goals under their newly appointed leaders.