20th Jul 2015 05:51
LONDON (Alliance News) - UK defence company BAE Systems PLC has started the process of preparing to replace Chief Executive Ian King, Sky News reports.
Roger Carr, BAE's chairman, has hired City headhunter Spencer Stuart to start a "horizon-scanning" exercise to identify potential successors to King, who has run the company since 2008, Sky said.
King has no immediate plans to step down, and insiders told Sky that any change of leadership could be at least two years away.
http://news.sky.com/story/1521182/defence-giant-bae-puts-new-chief-on-radar
By Sam Unsted; [email protected]; @SamUAtAlliance
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