Plus   Neg

Babcock International Appoints David Lockwood To Succeed Archie Bethel As CEO

Aerospace and defence company Babcock International Group Plc. (BAB.L) announced Wednesday the appointment of David Lockwood as CEO, succeeding Archie Bethel, who announced earlier his intention to retire.

Lockwood will join the company and the Board on August 17 as CEO designate and will become CEO on September 14. At that time, Bethel will step down from the Board after over 16 years with the company.

Previously, Lockwood was CEO of defence company Cobham plc. Prior to that, he was CEO of Laird PLC, a FTSE 250 technology company, from 2012 to 2016.

He had also worked with BT Global Services, BAE Systems and Thales Corp.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT