Economy
BAE Systems names new CEO Print E-mail
Friday, 27 June 2008
BAE Systems plc has announced the appointment of Ian King as chief executive with effect from 1 September 2008.

The group said on 16 October 2007 that Mike Turner would step down as chief executive and retire from the company at the end of August 2008.

King has been chief operating officer, with responsibility for the group's UK and Rest of World businesses, and a director of the company, since January 2007.

Dick Olver, chairman of BAE Systems plc (LSE:BA.), said, “Ian is a highly experienced business leader with a proven track record in our key home markets. His performance focus and depth of knowledge of the global defence industry will benefit the continued progression of the successful strategy that has been pursued by the company during the course of Mike Turner's leadership.”

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