The CEO of Indra, Josep Maria Recasens, has requested "a little patience" from the defense industry before revealing the strategic plan that will set the new roadmap for the multinational, a document that is expected to be made public by the end of the year after several delays.
"I would like to ask you for a little patience, as I have been in the company for about 15 days and I am trying to catch up with everything as soon as possible, because I believe I need to understand the situation in order to confirm with certainty when that capital markets day will take place, which we hope will be as soon as possible," the executive pointed out during the 'conference call' held this Thursday on the occasion of the presentation of the results for the first half of the year.
In this intervention, Recasens indicated that he is trying to advance "very quickly in all directions, bringing people together, learning about everyone and understanding all the dynamics and forces of the company."
The top executive emphasized that "our short-term priority right now is to deliver in terms of delivery and speed, to meet our customer expectations," while admitting that, "of course, he is dedicating time with the team to explore how they are going to push the next strategic wave for the company, which will be based on what the company has done so far."
Big challenges in the defense business
Regarding the questions raised by investors about possible alliances, Recasens emphasized that the defense sector faces a "big challenge in terms of technological disruption, speed of acceleration, and scale." "I am sure that no company is capable of handling all that alone, so it will be crucial to establish alliances with partners and suppliers in the European sector to be able to face the challenges," he stated, insisting that collaborations "will play a fundamental role both organically and inorganically."
In this line, he admitted that the group is already analyzing this aspect, which will be reflected in the next strategic plan. The CEO, who was making his debut today in the results presentation, acknowledged "the responsibility that this role entails."
"The results we present are the result of the work carried out by our teams during the first half of the year, and I want to thank and recognize that work and thank everyone at Indra for the welcome I have received," he added, recalling that he comes from the automotive sector, where he has developed a career of more than 25 years.
Objective: accelerate execution
In delving into his background, Recasens pointed out that he has had "different responsibilities in strategies, programs, partnerships, and business development, but despite the roles being different, the equation has always been the same, turning a strategy into execution, making the right choices, managing programs effectively, and fulfilling commitments."
"That is the approach I bring to Indra," he emphasized, explaining that in his first two weeks in the company he has focused "on what he believes matters most, that is, the teams, clients, and programs." As he described, he has found a company "with exceptional technological capabilities, a strong track record, talented people, and a moment that cannot be wasted."
"My role, in fact, is to accelerate that execution," he insisted, stressing that it is "the moment, and that opportunity and turning it into results will depend on execution." As guiding principles to lead Indra, he cited speed, quality, sovereignty, and competitiveness.
Regarding technological sovereignty, he cited as an example that "technologies like Indramind keep critical capabilities in our hands, in the hands of our country, and in the hands of Europe."
Finally, when asked about the Special Modernization Programs (PEM), the executive recalled that it is the Ministry of Defense that "has the responsibility to announce when and what." "We have, of course, our willingness to continue participating proactively and responsibly in the allocation of the PEMs and the consequent execution, but I prefer to wait for the announcement from the Government," he concluded.