BAE announces new chairman

BAE Systems, Warton
BAE Systems, Warton
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BAE Systems has announced a new non-executive director and chairman.

Sir Roger Carr will join the board on October 1, and will succeed Dick Oliver as chairman for the first quarter of next year.

Sir Roger, 66, is currently chairman of Centrica plc and until recently was president of the CBI – the UK’s main business lobbying group.

He is also deputy chairman and senior independent director of the court of the Bank of England and a member of the UK Prime Minister’s Business Advisory Group. He will step down as Chairman of Centrica on or before the Centrica annual meeting in 2014.

Nick Rose, BAE Systems senior independent director, said: “The company conducted a comprehensive search and Sir Roger was the clear choice. He is an outstanding candidate with two decades’ board-level experience at the top of UK industry. His skills, reputation and relationships with investors and government ministers will be of considerable value to the Company both at home and abroad.”

Mr Rose said Mr Oliver had expressed his intention to leave the board to pursue other interests some time ago.