Last Monday, Indra informed the National Securities Commission that Ignacio Mataix was no longer its CEO. ORThis important move was welcomed by most of the analysts studying the company.

This is supported by eight positive buy-or-hold reviews received throughout the day, including reviews from firms such as Alantra, GVC Gaesco, Bestinver Securities, CaixaBank BPI, Renta 4 or Mirabaud Securities.

Thus, despite yesterday’s sharp drop in price, which reached 7%, Indra finds support for the decision of its board of directors to release its CEO after more than a year of management change. Yes, May 2021. Marc Murtra joined Indra as a non-executive chairman following the departure of Fernando Abril-Martorella and two co-CEOs, Ignacio Mataix and Cristina Ruiz Ortega, were appointed with him.

From them, Cristina Ruiz has resigned as CEO of Indra. TI to the company’s board of directors last April, leaving Mataix as the firm’s sole CEO.

Now, after the announcement of the agreed release of Mate, a succession process is opened, which to a large extent can determine the course of the company in the stock market as this is due to the determination in the coming months of the next strategic plan, as acknowledged by Indra himself in his CNMV report.

During this period and until the appointment of a new CEO, Ignacio Mataix will continue to carry out his current duties in order to facilitate the process of succession itself, as well as succession in management. Subsequently, Mataix will continue to serve as a strategic advisor to the Board of Directors for two years.