Ignacio Martín will leave Indra's board in October to facilitate its renewal

Martín and García Sanz will lead the search process for the new independents together with an external company

MADRID, 28 Jun. (EUROPA PRESS) -

The independent director of Indra, Ignacio Martín, has informed the highest governing body of the firm that he will leave his seat in October, once the renewal process of the members of the board of directors is completed.

Martín is the independent director with the longest track record (four years) who remains on Indra's board and will be one of the figures who will lead the selection of new independent directors together with Francisco Javier García Sanz, the other director with this category who remains at the signature.

Both, with the presidency of Martín, will be part of the new appointments commission that will have Antonio Cuevas as the third member and will have the advice of a specialized consultant.

The outgoing director has assured that he has the will to continue until this process is completed so that the Commission "can select with absolute freedom and propose the most suitable candidates with complete independence of criteria."

The company has conveyed its respect for the principles of good governance and has started a process so that "as soon as possible" the board has at least 50% independent members, preferably women.

Last Monday, the listed company announced the resignation of Silvia Iranzo, which is preceded by the dismissal of four independents at the shareholders' meeting and the non-renewal of Isabel Torremocha, another independent director.

Likewise, the appointment of the third director to which the State Industrial Participation Society (SEPI) is entitled is also on the table, since it has exceeded 23% of the capital, and that will be Juan Moscoso, although it has not yet been proposed officially.

The Board has also remodeled two other committees of the entity with García Sanz at the head of the Audit and Compliance Committee and Martín at the head of the Sustainability Committee.

Both are also members of the non-chairing commission to meet the majority of independents. Both commissions are completed by Miguel Sebastián.