BAE Systems, Britain's biggest defence contractor, is to unveil Cressida Hogg, the infrastructure veteran, as its first female chair
Alongside chief executive Charles Woodburn, she will represent the next generation of British corporate leadership, taking over from one of the most prominent figures in the UK business world for the last two decades.
Sky News revealed in May last year that BAE was preparing to kick off the search for a new chair despite the fact that Sir Roger would not be departing until the 2023 annual meeting. It must have a British chief executive who is eligible for the highest level of security clearance, and while it is allowed to employ an overseas citizen as its chairman, the government's strong preference is for a Brit to hold that role as well.The chairmanship search has been led by Chris Grigg, the former British Land chief who is the arms manufacturer's senior independent director.
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