Bab­cock’s fe­male chair­man

Daily Mail - - City & Finance -

DE­FENCE con­trac­tor Bab­cock In­ter­na­tional has ap­pointed its first fe­male chair­man.

Ruth Cairnie, 65, will take over when Mike Turner leaves after its AGM in July.

She has al­ready joined the board of Bab­cock, which works on Bri­tain’s fleet of sub­marines.

Cairnie ( pic­tured), a for­mer Royal Dutch Shell ex­ec­u­tive, is a se­nior in­de­pen­dent di­rec­tor of As­so­ci­ated Bri­tish Foods, and a nonex­ec­u­tive di­rec­tor at Rolls-Royce and en­ergy firm Con­tour Global.

Turner, 70, has been Bab­cock chair­man for 11 years. He said: ‘She is a strate­gic thinker and strong leader, and we look for­ward to her bring­ing her in­depth ex­pe­ri­ence, gained from a broad range of ex­ec­u­tive and nonex­ec­u­tive roles at lead­ing in­dus­trial com­pa­nies.’

Cairnie’s ap­point­ment is bound to raise ques­tions about a suc­ces­sor to chief ex­ec­u­tive Archie Bethel, 66, who is un­der­stood to be look­ing to leave within the next cou­ple of years. Her ap­point­ment comes after a tur­bu­lent year. Bab­cock’s share price was hit in Oc­to­ber when a re­port pub­lished by a body calling it­self ‘The Boat­man Cap­i­tal Re­search’ crit­i­cised its man­age­ment and its re­la­tion­ship with the Min­istry of De­fence. Shares rose 1.8pc, or 8.8p, to 512.4p yes­ter­day but are still more than 20pc down on the 651p they were trad­ing at this time last year.

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