Mar 31, 2019

Babcock tipped to appoint first woman chair

A former oil executive from Royal Dutch Shell has emerged as the frontrunner to become the first woman chair of Babcock International, Britain's second-largest defence contractor, as it seeks to regain investor confidence after a turbulent year. Ruth Cairnie, currently a non-executive director on the board of aero-engine group Rolls-Royce, is the preferred candidate on a shortlist to succeed outgoing chair Mike Turner. The company has since been reclassified as an aerospace and defence group. Babcock refuted the allegations but the shadow of the report continued to loom over the company. The defence group announced in January that Mr Turner would step down later this year after a decade in the role and in the wake of the introduction of a new corporate governance code.

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