25 Mar 2002
The Board of BAE Systems plc announces that John Weston has resigned with immediate effect as a Director and the Chief Executive of the company to pursue other interests.
Michael Turner, currently executive Director and Chief Operating Officer, has been appointed Chief Executive with immediate effect.
John Weston said, "Following the transformation of the company through the MES merger, the series of US acquisitions and the successful integration of these into BAE Systems, the company is well placed for the future. After more than 30 years in the company and 16 years in senior management I have decided to look for fresh challenges in new fields".
Sir Richard Evans, Chairman of BAE Systems plc, said, "John Weston has made a significant contribution to the company for the more than 30 years he has been here and in particular the recent integration of the company and MES. We wish him every success for the future.
"Mike Turner has a wide experience of all aspects of our business and has been a major contributor to the strategic development of the company. I am pleased to announce his appointment and am sure he will prove to be an outstanding Chief Executive".
Trading remains in line with guidance the company gave as to the outlook for the business at the time of the Preliminary Results on 14 February 2002.
Released by BAE Systems.Press enquiries should be directed to:
Hugh Colver, Group Director of Communications, Tel: +44 (0)1252383280
