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.
- 1 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 2 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 3 The Simpsons death: Creator Al Jean would 'kill himself' before a character like Homer or Lisa
- 4 British man raped while urinating in bushes at Oktoberfest beer festival in Germany
- 5 Pope Francis assures atheists: You don’t have to believe in God to go to heaven
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
British man raped while urinating in bushes at Oktoberfest beer festival in Germany
Hong Kong protests: Leung Chun-ying denies Chinese troops will help to quell demonstrations
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
'Women, walk wherever you want' posters taken down in Stamford Hill following 'unacceptable' signs separating men and women
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- < Previous
- Next >
iJobs Money & Business
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...
£300 - £330 per day: Ashdown Group: SQL Developer (Stored Procedures) Watford...