2023-05-23 20:45:08
The waters do not finish going down calmly in the board of directors of Indra. The last independent director to leave the company’s governing body, Axel Arendthas denounced after his departure the way of proceeding in the replacement of Ignacio Mataix as CEO by José Vicente de los Mozos.
In a letter sent to the president of the firm, Marc Murtra, and to the board and forwarded to the National Securities and Markets Commission (CNVM) to explain the reasons for her resignation, Arendt, who was stained last Thursday after knowing the relief at the address; He ensures that the selection process for the new CEO was carried out with “the greatest rigor, speed and independence possible” by the company’s appointments committee. “However, I have observed that the commission has been pressured by an excessive sense of urgency in the final phase of this selection processwhich in my opinion has prevented the commission from having enough time to ensure the greatest possible success of the decision”, according to the former Indra director.
Nor does Arendt quite understand the reasons that have led Mataix to take over as head of the company given that, in her opinion, Indra obtained some “very good results” under his leadership. “Although I agreed with the transactional agreement that regulated the departure of Mataix -since once it became clear that Mataix would leave his position as CEO (CEO) I considered that this agreement was in the best interests of the company and its shareholders-, the reasonableness of the exit itself continues to escape my understanding in view of the very good results achieved by the company under the leadership of Mataix and the high regard it enjoys in the markets and in the defense industry “, Arendt says in the letter.
Aredt’s letter was released on the same day as the investment fund Amber Capital, the vehicle through which Joseph Oughourlian controls the majority of the capital of Grupo Presa, has doubled its stake in Indra to more than 7% necessary to qualify for a seat on the board of directors of the company after last September the Government authorized the fund to reach a maximum participation of 9.9%.
As reported by Indra to the CNMV on Tuesday, the shareholding package of Amber Capital, through Amber Capital Investment Management ICAV and Amber Global Opportunities Fund, has gone from representing 3.236 to 6.231% of the company, a shareholding package of about 11 million titles valued at market prices at around 130 million euros. To this must be added the percentage controlled by other funds managed by the Amber management companies, which, according to the company’s annual accounts report for 2022, would amount to 1.89% of the capital. This share package would entitle him to a seat on the company’s board, which currently has one of its 14 vacant seats following Arendt’s resignation.
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