Babcock appoints John Davies as executive director

John Davies has been appointed as Executive Director at Babcock International Group, the engineering support services company, and will assume the role actively from January 1st 2013.

John Davies has been appointed as Executive Director at Babcock International Group, the engineering support services company, and will assume the role actively from January 1st 2013.

Davies previously held several senior executive positions within VT Group between 2000 and 2010 and became Chief Executive of the Defence and Security Division after Babcock's acquisition of VT in July 2010.

Mike Turner, Chairman of Babcock International, commented: "I am very pleased to welcome John to the board. He has played a significant part in the successful integration of Babcock and VT Group. Our defence and security business now accounts for over a quarter of total group revenue and we believe it will be a major contributor to our future growth."

As the company announced in March, Sir Nigel Essenhigh will retire from the board with effect from December 31st, having been appointed as a Non-Executive Director in March 2003.

Commenting on Sir Nigel's retirement Turner added: "I would like to put on record our sincere appreciation of Sir Nigel's service throughout his term of office. He has contributed greatly to the work of the board and its committees and to the development of Babcock from the small company that it was at the time of his appointment to the FTSE 100 company it is today."

The company also confirmed that, as announced on June 19th, Anna Stewart had joined the board as a Non-Executive Director on November 1st.

Babcock International's share price was up 0.05% to 988p at 15:01 on Thursday afternoon.

MF

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
China owns a lot more gold than it’s letting on – and here’s why
Gold

China owns a lot more gold than it’s letting on – and here’s why

In a world awash with money-printing, a currency backed by gold would have great credibility. And China – with designs on the yuan becoming the world’…
21 Apr 2021
Why investment advice could be about to get a lot cheaper
Investment strategy

Why investment advice could be about to get a lot cheaper

Vanguard, the world’s second-biggest asset manager, is launching its own cut-price financial advice service. It’s something the industry badly needs, …
20 Apr 2021