13th May 2005 07:00
British Airways PLC13 May 2005 NEW BOARD MEMBERS ANNOUNCED British Airways today announced several changes to its board of directors whichwill take place during the Summer months. Dr Ashok Ganguly and Lord Renwick of Clifton will not stand for re-election atthe company's annual general meeting (AGM) on 19 July, 2005, reflecting thatthey have served nine years since first being elected to the board. Martin Broughton, British Airways chairman, said "I would like to thank bothAshok and Robin for the wisdom and advice they have brought to the board intheir different ways over the years." Similarly reflecting the impact of the independence criteria for non-executivedirectors in the new Combined Code, Captain Mike Jeffery, who as a formeremployee of the company cannot be considered independent under the Code, willalso not stand for re-election at the AGM. Mr Broughton paid tribute to theexcellent work Captain Jeffery has done during his three years as chairman ofthe board's safety review committee. The company announced also the decision of Mike Street OBE, its director ofcustomer service and operations, to retire at the end of September, 2005. In order to preserve the balance between executive and non-executive directorson the board, the company's commercial director, Martin George, will benominated for election as a director by shareholders at the AGM. The board announced that it will nominate two candidates to serve asnon-executive directors of the company for election by shareholders at the AGM.They are The Right Honourable the Baroness Symons of Vernham Dean and Ken SmartCBE. Baroness Symons was Minister of State at the Foreign Office and Deputy Leader ofthe House of Lords until her resignation from government on 5 May, 2005. Priorto her eight years in government, Liz Symons was general secretary of theAssociation of First Division Civil Servants. Ken Smart joined the Departmentfor Transport's Air Accidents Investigation Branch (AAIB) in 1975 becoming theUK's Chief Inspector of Air Accidents and Head of the AAIB in September 1990until his retirement in April 2005. Ken will succeed Mike Jeffery as chairmanof the airline's safety review committee. 13 May, 2005 048/IB/05 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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