Monday, September 1, 2008

BAE Systems' New Chief Executive Takes The Helm

BAE Systems' New Chief Executive Takes The Helm

01 Sep 2008 | Ref. 236

London, United Kingdom - Ian King today starts his new role as Chief Executive of BAE Systems, having previously held the position of Chief Operating Officer UK and Rest of World. Ian's appointment was announced in June 2008 following the conclusion of an international benchmarking succession process. BAE Systems' former Chief Executive, Mike Turner retired from the Company at the end of August.

On completion of the merger with Marconi in 1999, Ian was appointed to the position of Group Strategy and Planning Director and he was instrumental in developing the successful Group Strategy. From January 2007 Ian was Chief Operating Officer, with responsibility for the Group's UK and Rest of World businesses, and a Director of the Company.

Ian King, Chief Executive, BAE Systems plc, said: "I have inherited a quality business, based on a strong, well balanced portfolio. Combining this with our focus on business conduct will give us the confidence to continue to deliver shareholder value in line with our long-term plans.

"Our focus on delivering growth in our home markets will continue and we will look to establish to similar industrial presence in additional markets such as India. Wherever possible we will extend long-term partnering relationships with our customers which will be increasingly important to the future and stability of our business globally.

"I am honoured to be given the opportunity to lead the next stage of BAE Systems' development and look forward to the challenge."

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