BAe prepares for mighty merger
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.BRITISH Aerospace yesterday geared up for the restructuring of Europe's aerospace and defence industries by announcing that Sir Dick Evans is to move up from chief executive to chairman.
This is the first time since BAe was formed 21 years ago that the chairman has been drawn from the echelons of the company's senior executive. Bob Bauman retires as chairman at the annual meeting this month.
John Weston, who runs BAe's defence companies, will replace Sir Dick as chief executive while Richard Lapthorne will move from being finance director to vice-chairman, concentrating on group strategy.
Mr Lapthorne, one of the triumvirate of executives credited with the turnaround in BAe's fortunes in the past four years, is replaced by George Rose, who runs the companies' finance and treasury operations.
Mike Turner, the other senior executive member of the BAe board, remains director in charge of civil aircraft operations where his current task is to help oversee the transformation of the Airbus consortium into a single commercial entity.
Sir Dick is expected to concentrate on pushing through the merger of BAe, Daimler Benz Aerospace, Aerospatiale of France and CASA of Spain into a single European aerospace and defence company.
Outlook, page 25
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments