Government tsar ruled out of the running for top job at BAE
Sunday 08 February 2004
Sir Peter Gershon, the civil servant heading the push to improve government efficiency, has been ruled out of the race to become the next chairman of BAE Systems.
The head of the Office of Government Commerce was viewed by the City as a leading candidate after National Grid Transco chairman Sir John Parker pulled out of the running. But a well-placed source said Sir Peter had, in effect, been ruled out because BAE is searching for someone with many years' experience running a large corporation. Before moving to Whitehall, Sir Peter headed GEC's defence business, now part of BAE.
With headhunters Spencer Stuart, BAE is understood to have narrowed its search down to two or three candidates to replace current chairman Sir Richard Evans. Sir David Lees, the outgoing chairman of defence and engineering group GKN, and John Gardiner, who retires from Tesco in the spring, have been named as possible contenders. The new chairman will take over at BAE's AGM on 5 May.
Sir John Parker ruled himself out of the contest last month after pressure from shareholders. They were worried that his appointment would flout the new Higgs corporate governance code, which recommends that executives don't chair more than one FTSE 100 company.
Liverpool progress to the last 16 of the Capital One Cup
- 1 Cyclist in Russia narrowly misses being hit by car and lorry
- 2 Y-40 Deep Joy: The world's deepest swimming pool
- 3 'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
- 5 Pink Floyd new album: Band unveil cover art for first record in 20 years
Rihanna 'nude pictures' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Deepika Padukone branded a 'hypocrite' by The Times Of India following anger over 'cleavage show' tweet
'F*ck it, I quit': KTVA reporter Charlo Greene quits live on air in spectacular fashion
Syria air strikes: President Obama undergoes Damascene conversion as Isis forces America to change tack
Scotland could still declare independence – even without referendum, says Alex Salmond
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
Labour Party conference: Ed Balls to set out plan to freeze child benefit to balance books
iJobs Money & Business
£65000 Per Annum Benefits + bonus: Clearwater People Solutions Ltd: If you are...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree are a global FTSE 250 ...
£20000 - £25000 per annum + OTE £40000: SThree: As a Recruitment Consultant, y...
£20000 - £25000 per annum + OTE £40,000: SThree: SThree Group have been well e...