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BAE Systems
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==Corporate governance== BAE Systems' Chair is [[Cressida Hogg]], CBE. The executive directors are [[Charles Woodburn]] (CEO), Brad Greve and Tom Arsenault. The non-executive directors are Crystal E. Ashby, [[Elizabeth Corley]], [[Chris Grigg]], [[Ewan Kirk]], Ian Tyler, Nicole Piasecki, Stephen Pearce, Jane Griffiths and Nick Anderson.<ref name=":1">{{cite web |url=https://www.baesystems.com/en/our-company/our-people/board-of-directors |title=Board of Directors |access-date=15 November 2021|publisher=BAE Systems plc}}</ref> The company's first CEO, John Weston, was forced to resign in 2002 in a boardroom "coup" and was replaced by Mike Turner.<ref name=":2">{{Cite news |first=Richard |last=Wachman |title= A very British coup at BAE |url= https://www.theguardian.com/business/2002/mar/31/theobserver.observerbusiness9 |work= The Observer |location= London |publisher= Guardian Newspapers |date= 21 March 2002 |access-date= 27 October 2006 |archive-url= https://web.archive.org/web/20140613065458/http://www.theguardian.com/business/2002/mar/31/theobserver.observerbusiness9 |archive-date= 13 June 2014 |url-status= live}}</ref> ''The Business'' reported that Weston was ousted when non-executive directors informed the chairman that they had lost confidence in him. Further, it was suggested that at least one non-executive director was encouraged to make such a move by the MoD due to the increasingly fractious relationship between BAE Systems and the government.<ref name="Business">{{Cite news |first=Ian|last=Watson|title=Weston is blown away in shootout at Dukes Hotel|work=The Business|publisher=Sunday Business Group|page=10|date=7 April 2002}}</ref> As well as the terms of the Nimrod contract, Weston had fought against the MOD's insistence that one of the first three Type 45 destroyers should be built by VT Group. ''The Business'' said he considered this "competition-policy gone mad".<ref>{{Cite news |first=Richard |last=Northedge|title=Turner Gets Ready For War|work=The Business|date=7 July 2002}}</ref> It is understood that Turner had a poor working relationship with senior MoD officials, for example with former Defence Secretary [[Geoff Hoon]]. The first meeting between Hoon and BAE's new chairman Dick Olver in 2004 was said to have gone well; a MoD official commented "He is a man we can do business with".<ref>{{Cite news |first=Oliver |last=Morgan |url=https://www.theguardian.com/business/2004/jul/04/observerbusiness.baesystemsbusiness |title=BAE's Olver demands 'root and branch' change |work=The Guardian |location=London |publisher=Guardian Newspapers |date=4 July 2005 |access-date=8 December 2005 |archive-url=https://web.archive.org/web/20140322045348/http://www.theguardian.com/business/2004/jul/04/observerbusiness.baesystemsbusiness |archive-date=22 March 2014 |url-status=live}}</ref> It has been suggested that relations between Turner and Olver were tense.<ref>{{Cite news |first=Christopher |last=Hope |url=https://www.telegraph.co.uk/finance/2917330/BAE-chief-admits-clashing-with-chairman-over-Europe.html |title=BAE chief admits clashing with chairman over Europe |work=The Daily Telegraph |location=London |date=14 June 2005 |access-date=5 December 2005 |archive-url=https://web.archive.org/web/20121111044322/http://www.telegraph.co.uk/finance/2917330/BAE-chief-admits-clashing-with-chairman-over-Europe.html |archive-date=11 November 2012 |url-status=live}}</ref> On 16 October 2007 the company announced that Mike Turner would retire in August 2008. ''The Times'' called his departure plans "abrupt" and a "shock", given previous statements that he wished to retire in 2013 at the age of 65.<ref>{{Cite news |first=Miles |last=Costello |title=Mike Turner abruptly quits as BAE's chief |url=http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article2669340.ece |work=[[The Times]] |location=London |date=16 October 2007 |access-date=16 October 2007 |archive-url=https://web.archive.org/web/20110611171201/http://business.timesonline.co.uk/tol/business/industry_sectors/engineering/article2669340.ece |archive-date=11 June 2011 |url-status=dead}}</ref> Despite suggestions that BAE Systems would prefer an American CEO due to the increasing importance of the United States defence market to the company and the opportunity to make a clean break from corruption allegations and investigations related to the Al-Yamamah contracts, the company announced on 27 June 2008, that it had selected the company's chief operating officer, [[Ian King (businessman)|Ian King]], to succeed Turner with effect from 1 September 2008. The ''Financial Times'' noted that King's career at Marconi distances him from the British Aerospace-led Al Yamamah project.<ref name="ftbaesearch">{{Cite news |last=Fidler |first=Stephen |title= BAE's search for successor to Turner ends in its own backyard |work=Financial Times |date= 28 June 2008}}</ref> Charles Woodburn succeeded Ian King as CEO on 1 July 2017. Woodburn joined BAE Systems in May 2016 as Chief Operating Officer and Executive Board Director following over 20 years' international experience in senior management positions in the oil and gas industry.<ref name="Ian King, Chief Executive, BAE Systems plc, has today informed the Board that he will retire on 30 June 2017.">{{cite web |url=http://www.baesystems.com/en/article/notice-of-directorate-change |title=Ian King (CEO) to retire 30 June 2017 |publisher=BAE Systems |date=22 February 2017 |access-date=3 March 2017 |archive-url=https://web.archive.org/web/20170304040111/http://www.baesystems.com/en/article/notice-of-directorate-change |archive-date=4 March 2017 |url-status=live}}</ref> ===Senior leadership=== * ''Chair:'' [[Cressida Hogg]] (since 2023)<ref name=":1"/> * ''Chief executive:'' [[Charles Woodburn]] (since 2017)<ref name=":1"/> ;List of former chairmen # Sir [[Richard Evans (businessman)|Richard Evans]] (1999β2004)<ref name="ftBAeDASA"/> # Sir [[Dick Olver]] (2004β2014)<ref name="baelandshift"/> # Sir [[Roger Carr (businessman)|Roger Carr]] (2014β2023)<ref name=":1"/> ;List of former chief executives # [[John Weston (businessman)|John Weston]] (1999β2002)<ref name=":2"/> # [[Michael Turner (businessman)|Michael Turner]] (2002β2008)<ref name=":2"/> # [[Ian King (businessman)|Ian King]] (2008β2017)<ref name="Ian King, Chief Executive, BAE Systems plc, has today informed the Board that he will retire on 30 June 2017."/>
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