Spanish defence company Indra appoints Renault strategy chief as CEO

Indra Sistemas SA

26/05/2026 18:39

    MADRID, May 26 (Reuters) - Spanish defence company Indra IDR.MC has appointed Josep Maria Recasens as chief executive starting in mid-June, it said on Tuesday, recruiting Renault's RENA.PA strategy chief after the departure of several top officials from Indra.
Recasens has served as Renault Group's RENA.PA chief strategy officer since November. For two years before that, he worked at Renault's electric car division, Ampere, first as COO then CEO.
Indra, which is 28% owned by the Spanish government through state holding company SEPI, said the change would take effect on June 17.
Last week, Indra said that the contract of its previous CEO Jose Vicente de ​los Mozos would not be renewed.

        Chairman Angel Escribano resigned a month ago after conflict-of-interest allegations over his push for Indra to acquire defence manufacturer Escribano Mechanical & Engineering, which he and his brother Javier co-owned.
Indra is expected to benefit from a 10.5 billion euro ($12.23 billion) increase in defence spending announced by the Spanish government last year.

 (Reporting by Gemma Guasch and Jesús Aguado, writing by Javi West Larrañaga; Editing by Cynthia Osterman)
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