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Babcock announces CEO succession
28 Jan 2016
Babcock International Group PLC (Babcock or the Group)
Babcock announces CEO succession
Babcock, the UK’s leading engineering support services company, today announces that Peter Rogers will retire on 31 August 2016. Peter was appointed Chief Executive of the Group in August 2003. During his 13-year tenure Babcock has grown from a small cap business to a FTSE 100 company with a turnover of £4.5 billion in 2014/15, delivering an increase of some 1200 per cent in total shareholder return over the period.
The Board is pleased to announce that Archie Bethel will succeed Peter as Chief Executive. Currently Chief Executive of the Marine & Technology division, Archie has been an integral part of Peter’s senior management team since joining Babcock in 2004 and has overseen the successful development and growth of the Group’s Marine & Technology business both in the UK and overseas.&n