Indra is losing 7% on the stock market after the agreement reached unanimously yesterday by its board of directors to succeed its CEO, Ignacio Mataix. The market punishes the technology and military company in this way, leaving the share at 11.54 euros with a few minutes to go before the close of operations, compared to 11.90 with which the session started.
The listed company framed the replacement of Mataix in "a succession process in the position of CEO linked to the definition of the next strategic plan that the company plans to define for the coming years". Indra's share has come to trade at the beginning of today's session at 11.45 euros.
Indra sources recall that Mataix will continue to perform his current functions "to facilitate the succession process and continuity in management", as agreed by the board of directors. Subsequently, the CEO will continue to provide services to Indra as a strategic advisor to the same board with a two-year contract.
It is not the first time that Indra's share has plummeted after a major internal decision. Last June, after a tense board of directors that ended with the dismissal of the independents Alberto Terol, Carmen Aquerreta, Ana de Pro and Enrique de Leyva, the company's titles fell 15%.
Despite today's drop, Indra's share, explain sources close to the company, remains above what it was trading at the time of Marc Murtra's arrival as the company's president. In May 2021 the titles were around 7 euros. After the controversial advice last summer, the share fell to 7 euros, starting in October 2022 on an upward path that has stopped today.
