British defence and security firm BAE Systems Plc (BA.L, BAESY.PK) reported that Sir Roger Carr would join the board as a non-executive director and Chairman designate on October 1, 2013 and would replace Dick Olver as Chairman in the first quarter 2014, following a transition period.
Sir Roger is currently Chairman of Centrica plc and was until recently President of the CBI, the UK's main business lobbying group. Also, he is 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 would resign as Centrica's Chairman on or before the Centrica AGM in 2014.
Nick Rose, BAE Systems' Senior Independent Director, said: "Sir Roger Carr is the unanimous choice of the Nominations Committee and his proposed appointment has been warmly endorsed by the entire Board."
For comments and feedback: editorial@rttnews.com