Cristina Ruiz announced her resignation as the CEO of Indra TI, saying that she feels it was time for a change. She will go into retirement with full benefits and be replaced by Juan Gutiérrez who is the current COO.
Cristina Ruiz, the CEO of Indra TI, has resigned.
Ruiz has been replaced as Minsait’s executive director by Luis Abril.
MADRID, 21 JANUARY (EUROPE PRESS)
Cristina Ruiz has tendered her resignation as CEO of Indra TI to the board of directors of the firm, which met today afternoon in Madrid, according to people acquainted with the decision.
Ruiz, who was in charge of the company’s Information Technology (IT) and consultancy subsidiary Minsait, left for “personal reasons,” and the company’s top governing body accepted his departure and congratulated him for his efforts. In his 11 years of experience in the organization presently led by Marc Murtra, he has made a significant contribution.
The story was first reported by the website ‘Hispanidad.com.’
Simultaneously, the board has named Luis Abril as executive director and Minsait’s head. Abril has been in charge of the company’s Energy, Industry, Consumption, and Business Management Solutions since 2017. He also became responsible for the ‘Phygital’ (IoT, IT-OT) and Product sectors in 2021.
With the departure of Cristina Ruiz from Indra, the governance model designed after the departure of the previous president, Fernando Abril-Martorell, in May 2021, is partially dismantled, with two supportive CEOs at the head of the businesses: Cristina Ruiz in the area of TI and Ignacio Mataix in Transport and Defense (T&D), the group’s most profitable division. Mataix conserves for the moment the attributions of him.
The underlying idea is that, following the Government’s decision to increase the Defense budget and the announcement by the State Industrial Participation Company (SEPI) to increase its stake in Indra from 18.7% to 28%, it would be prudent to reinforce the group’s role as “Spanish champion” in the areas of transportation and defense, in line with the business models of other neighboring countries, sources in the sector told Europa Press.
Cristina Ruiz Ortega, 52, joined Indra in 2011 as director of the Energy market. In January 2013, she is appointed deputy general manager and assumes the Consulting, Energy and Telecom & Media businesses. In December 2017, she was appointed executive director of Indra and general director of the information technology (IT) business and, in May 2021, she was appointed CEO of Indra.
She is also a director of Emisora Santander Spain and a joint and several administrator at Indra Information Technology Solutions.
Cristina Ruiz was born in Madrid in 1970 and graduated from the Complutense University of Madrid with a degree in Economics and Business Sciences. She started her professional career with Accenture, where she worked in the Paris and Rome offices and obtained substantial international experience. She then went on to work at BCG Spain, where she focused on strategic consulting in the energy and industrial sectors.
Ruiz owns 167,005 direct shares in Indra, accounting for 0.0945 percent of his entire capital. The company’s stock remained unchanged on Thursday, closing at 9.42 euros.
The shareholders’ meeting of Indra will take place on June 23 in Madrid.