BAE names King as new chief executive

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BAE Systems has named chief operating officer Ian King as the manufacturer’s new chief executive, effective from 1 September.

King joined BAE through the company’s merger with Marconi nine years ago and currently has responsibility for BAE’s entire non-US business.

He will succeed Mike Turner, the head of BAE since 2002, who will retire from the company at the end of August.

During his term in office Turner oversaw the withdrawal of BAE as a shareholder in Airbus, part of a shift in strategy which has seen the UK firm reinforcing instead its presence in the defence sector.

BAE still has civil air transport links through its regional jet leasing and support operation which specialises in asset management of BAE Avro RJ, British Aerospace 146, ATP and Jetstream aircraft.