REG - BAE SYSTEMS PLC - Directorate Change

BAE SystemsAnnouncement

28/07/2022 07:16

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RNS Number : 9846T  BAE SYSTEMS PLC  28 July 2022

Appointment of Non-Executive Director and Chair Designate

BAE Systems plc (the "Company") today announces that Cressida Hogg will join
the Board as a non-executive director and Chair designate, with effect from 1
November 2022. Subject to election at the Company's Annual General Meeting
next year, she will succeed Sir Roger Carr as Chair at the conclusion of the
AGM, due to be held on 4 May 2023.

Cressida Hogg is currently Chairman of the Board of Land Securities Group PLC
("Landsec"), a position she has held since 2018, having served as a
non-executive of the company since 2014. Landsec has today announced that she
will retire from its board next year and is expected to do so no later than
its AGM in July 2023. She is also a non-executive director of London Stock
Exchange Group plc, where she is the Senior Independent Director and chairs
its Remuneration Committee. Cressida has previously enjoyed a long executive
career, spent largely with 3i Group, during which she developed a deep
understanding of large, long-term infrastructure projects and businesses,
gaining international experience whilst working in various countries including
the US, Canada, India, Australia and the Middle East.

Chris Grigg, the Board's Senior Independent Director, who led the search for a
successor to Sir Roger Carr, said: "We are delighted that Cressida is joining
the Board and taking on the Chair role next year. She was the unanimous choice
of the Nominations Committee and will bring to our Board a strong record of
boardroom leadership allied with a deep understanding of large long-term
international projects and businesses.

Sir Roger has been an outstanding Chairman of our Board. During his term of
office, BAE Systems has prospered and grown. When he retires next year after
more than nine years' service, he will leave a strong legacy in terms of its
leadership, performance and the quality of its governance. I would like to
record our gratitude for his leadership of the Board and the notable
contribution he has made to the success of the Company."

Cressida Hogg said:  "It is an honour to join the Board and be asked to
succeed Sir Roger as Chair next year. BAE Systems plays a key role in defence
and security both in the UK and internationally. I very much look forward to
working with Charles and the other Board members through the next phase of the
Company's development."
 

Sir Roger Carr, Chairman, said: "I will be very pleased to welcome Cressida to
the Board in November following a thorough and timely selection process led by
Chris Grigg, the Senior Independent Director, and in the closing months of my
tenure will ensure a smooth passing of the baton to Cressida as Chair of this
great Company."

Charles Woodburn, Chief Executive, said: "I am delighted that Cressida Hogg
has agreed to join the Board of BAE Systems in November and take over as Chair
in May next year. I very much look forward to working with her to continue to
take the Company forward. It has been a pleasure working with Sir Roger, who
will be leaving a strong legacy of good governance and commitment to
delivering for all stakeholders."

 

There are no further details to be disclosed pursuant to Listing Rule 9.6.13
in connection with Cressida Hogg's appointment.

 

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