Indra shares fall as search for new CEO begins | – #Indra #shares #fall #search #CEO #begins
MADRID, March 7 (Reuters) – Spanish technology company Indra ( IDR.MC ) fell 6.1% on Tuesday after announcing it would begin the process of appointing a new chief executive (CEO) to replace Ignacio Mataix.
Indra said late Monday that the search for a third CEO in two years was linked to a new strategic plan for the coming years.
Mataix will continue as CEO until a successor is appointed and will serve as a strategic advisor to Indra’s board of directors for two years thereafter, the company said.
Indra shares were down 6.1% at 11.65 euros a share by 0907 GMT, the worst performer on the Spanish blue-chip index Ibex 35 (.IBEX).
Analysts from Renta 4 said the “negative news” is the resignation of Fernando Abril-Martorell as CEO in May 2021. free said that it was the last departure of the head of the main company.
In 2022, Indra suffered a governance crisis when eight independent board members resigned after shareholders unexpectedly agreed to give more control to the government.
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State holding SEPI is Indra’s largest shareholder with a 25.2% stake, according to Refinitiv data.
Reporting by Joanna Jonczyk-Gwizdala and Emma Pinedo Editing by Charlie Devereux
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2023-03-07 13:53:53
Source – reuters
Translation“24 HOURS”