Board Changes

RNS Number : 1557P

Babcock International Group PLC

19 March 2009

 



19 March 2009 

Babcock International Group PLC 

Board Changes

Babcock International Group PLC ('the Company') is pleased to announce the appointment of Sir David Omand GCB as an independent Non-Executive Director of the Company with effect from 1 April 2009.  He will also serve on the Remuneration, Audit & Risk and Nominations Committees of the Board. 

Sir David was the first UK Security and Intelligence Coordinator, responsible for the professional health of the intelligence community, national counter-terrorism strategy and 'homeland security', and was the UK Government's chief crisis manager for civil contingencies. He served for seven years on the Joint Intelligence Committee. He was previously Permanent Secretary of the Home Office, Director of GCHQ (the UK Signals Intelligence and Information Assurance Agency) and Deputy Under Secretary of State for Policy in the Ministry of Defence. He was Principal Private Secretary to the Defence Secretary during the Falklands conflict, and was for three years the UK Defence Counsellor in NATO Brussels.  He left Government service in 2005.

There is no information to disclose relating to Sir David under Rule 9.6.13R of the Listing Rules.

The Company also announces today that Dipesh Shah OBE, who has been a Non-Executive Director of the Company since 1999, will be retiring from the Board at the Company's AGM in July this year. With effect from 1 April, he will stand down from the Remuneration Committee (which he has been chairing) and from the Audit & Risk and Nominations Committees.  Justin Crookenden, who is an existing independent Non-Executive Director of the Company and member of the committee, will take over from Mr Shah as Chairman of the Remuneration Committee.

Commenting on the changes, Mike Turner, Group Chairman, said:

'I am very pleased to welcome Sir David Omand as a new Non-Executive Director. I believe his keen intellect, wide experience at the highest levels in both domestic and international affairs and in strategic thinking will be a great asset to Babcock.  I would also like to thank Dipesh Shah for his dedicated and invaluable service to the Company over the past 10 years.'

Ends 

Enquiries

Babcock International Group PLC                    020 7355 5300

Mike Turner, Chairman

Financial Dynamics                                               020 7269 7121

Andrew Lorenz/Sophie Kernon

Notes to Editors

Babcock International Group PLC

• Babcock is an engineering support services company with a market capitalisation of around £1billion 

• In the financial year ended 31 March 2008 Babcock reported revenues of £1.56 billion and underlying profit before tax of £95.5 million

• Babcock's key strengths are 

  • a highly technical engineering skill base

  • a complex project management capability

  • an ability to work in partnership with its customers to deliver the highest standards of customer satisfaction

  • a thorough understanding of and ability to manage customers' operationally critical assets

• Babcock operates through six divisions based extensively in the UK with operations in southern Africa and North America.  

• Through its Marine division Babcock is the UK's leading naval support business and is the largest support provider to the Royal Navy. Babcock is the sole provider of through-life support to the Royal Navy's submarine fleet and owns the only facilities in the UK where nuclear submarines can undergo refuelling and deep refit work. Babcock also manages, on behalf of the Royal Navy, the Clyde naval base at which the majority of submarines are based and where in-service maintenance is carried out.  

 

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