Charles Woodburn of BAE Systems
BAE Systems has confirmed that Charles Woodburn will take over as the group’s chief executive following Ian King’s retirement on 30 June.
Ian King is retiring from BAE after a career spanning more than 40 years in the defence sector which has seen him serve as chief executive of the group since September 2008.
Woodburn on the other hand joined BAE Systems in May as chief operating officer and executive board director, following over 20 years' international experience in senior management positions in the oil and gas industry.
Sir Roger Carr, chairman of BAE Systems plc said: "After a distinguished career, Ian will retire leaving a legacy of disciplined performance, ethical behaviour, a burgeoning order book, a track record of delivering shareholder value and a strong leadership team.
“During his tenure as chief executive, Ian has built a world-class defence engineering and technology business, providing vital capabilities to our customers and contributing to the security and economic prosperity of the nations in which we operate.
“Since his appointment last year, Charles has made an important contribution to the company, bringing impeccable engineering credentials, broad international experience and fresh perspectives to build on our existing strengths.
“In his new role, he will build on an enviable inheritance to create an exciting future, where we will continue to be performance-driven and values-led.”