Date: 26 May 2026 (announcement); effective 17 June 2026
Extracted Insight:
Indra SA announced that Josep Maria Recasens, currently chief strategy officer of Renault Group (since November), will become Indra’s chief executive officer on 17 June 2026.
Recasens previously spent two years at Renault’s electric‑vehicle subsidiary Ampere, first as chief operating officer and then as chief executive.
The appointment follows the non‑renewal of former CEO José Vicente de los Mozos’s contract and the resignation of Chairman Angel Escribano in April amid conflict‑of‑interest allegations linked to a proposed acquisition of Escribano Mechanical & Engineering, a firm co‑owned by Escribano and his brother Javier.
The Spanish government, through the state holding SEPI, retains a 28 % shareholding in Indra. The government announced in the previous year a €10.5 billion increase in defence spending, which is expected to boost Indra’s order book.
The news coincided with a modest 0.11 % decline in Indra’s share price (ticker IDR) on the day of publication.
The leadership change occurs after the recent departure of several senior Indra executives, signalling a broader reshuffle at the defence contractor.
