Published by Global Banking & Finance Review®
Posted on January 19, 2025
1 min readLast updated: January 27, 2026
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Indra appoints Angel Escribano as chairman after Marc Murtra moves to Telefonica as CEO, signaling a leadership change.
MADRID (Reuters) - Spanish defence and technology company Indra on Sunday said it has appointed Angel Escribano as its new chairman, after former chairman Marc Murtra accepted telecom giant Telefonica's offer to become chief executive.
Indra held an extraordinary board meeting to replace Murtra, who was appointed CEO of Telefonica on Saturday, replacing Jose Maria Alvarez-Pallete following a request from state-owned fund SEPI.
The defence firm's board thanked Murtra for his work in a statement, saying he contributed 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 CEO and owner of privately held Escribano Mechanical & Engineering, which is also part of the military industry. He has been a shareholder of Indra since May 2023.
(Reporting by Ana Cantero in Madrid; Editing by Nia Williams)
The main topic is the appointment of Angel Escribano as the new chairman of Indra following Marc Murtra's move to Telefonica.
Angel Escribano is the CEO and owner of Escribano Mechanical & Engineering and a shareholder of Indra since May 2023.
Marc Murtra accepted the role of CEO at Telefonica, replacing Jose Maria Alvarez-Pallete.
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