Carr and Rose in the running for BAE Systems chairman's job

By Daily Mail Reporter

|

Defence and aerospace giant BAE Systems has approached two City grandees, Sir Roger Carr and Sir John Rose, about becoming the group’s next chairman.

The company, which continues to fly solo after its failed attempt last year to merge with Franco-German giant EADS, needs to replace incumbent Dick Olver, who is due to leave next year.

Shareholders including Invesco, which owns 13 per cent, want Olver to go early following the failed EADS deal.

Sir Roger Carr
Sir John Rose

New role? Sir Roger Carr (left) and Sir John Rose have been approached by BAE about becoming the group's new chairman

They want someone to give BAE strategic direction as the company battles declining global defence budgets in Britain and America.

 

Carr chairs British Gas-owner Centrica and is president of the CBI. He is seen as a safe pair of hands.

Rose, the deputy chairman of Rothschild, spent 15 years running engine-maker Rolls-Royce but has never chaired a FTSE 100 company.

 

No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards.

You have 1000 characters left.
Libellous and abusive comments are not allowed. Please read our House Rules.
For information about privacy and cookies please read our Privacy Policy.
Terms