Indra president Ángel Escribano has received the Ibex 35 Executive of the Year award from Cinco Días at a ceremony in the Madrid Stock Exchange. He dedicated the award to his employees and defended his industrial plan, backed by the market, days after suspending the merger with Escribano Mechanical & Engineering. He also announced a 130 million euro investment with Hanwha for artillery.
Ángel Escribano, executive president of Indra, received the Ibex 35 Executive of the Year award on Tuesday, granted by Cinco Días in its first edition, held at the Madrid Stock Exchange floor sponsored by AWS with collaboration from Portia and BME. “I accept it on behalf of every person working at Indra today who strives to build this project every day,” Escribano stated, highlighting Indra's 184% growth in the Ibex 35 last year and its role in key industrial projects for Spain and Europe. Days earlier, Escribano Mechanical & Engineering (EM&E), second-largest shareholder with 14.3%, suspended the integration with Indra due to SEPI concerns—the top shareholder with 28%—over conflicts of interest. “The market backs my plan,” the executive assured, emphasizing Europe's need for strategic autonomy amid Russian threats and distancing from the US. Escribano announced a 130 million euro investment to upgrade the Gijón plant and build a new one, creating 500 direct and 1,000 indirect jobs, via a framework agreement with Hanwha to produce tracked artillery vehicles (128 units), resupply systems (120), command and control vehicles (11), and recovery vehicles (21) for the Spanish Armed Forces, part of the 4.554 million euro ATP program under PEM. Indra signed over 140 alliances last year. Attendees included CEO José Vicente de los Mozos, several independent board members, and SEPI representatives like Miguel Sebastián.
