Babcock International announces Russ Houlden to its Board as Non-Executive Director

– UK, London –  Babcock International Group PLC (LON: BAB) today announced that after 16 years working for Babcock, Archie Bethel has advised the Board of his intention to retire from his role as Director and Group Chief Executive. The Company has initiated the process to appoint his successor.

Ruth Cairnie, Chair, said: “On behalf of the Board, I want to thank Archie for his service to Babcock, during which time he was instrumental in growing Babcock from a small-cap to a leading defence business. Archie has been a proven and respected leader, whose knowledge and understanding of the sector is second to none.”

Archie Bethel, Group Chief Executive, said: “Having served at Babcock for 16 years, I feel that this is the right time to retire. In the meantime, I am focused on positioning the Company for further success in the future. It has been an honour and privilege to serve at Babcock and I am proud of what the Company has achieved.”

The Group also announced the appointment of Russ Houlden as a Non-Executive Director with effect from 1 April 2020.

About Russ Houlden

Russ has been CFO of United Utilities Group PLC since October 2010 and, in addition, Chairman of the Audit Committee of Orange Polska, a leading telecommunications company in Poland. Russ has also been, since 2014, Chairman of the Financial Reporting Committee of The 100 Group, a group which represents the collective views of the FTSE100 on financial reporting matters. As announced this morning, in order to free up sufficient time for his non-executive roles, Russ will be stepping down from The 100 Group in March 2020 and from his CFO role at the UU AGM in July 2020.

Initially, Russ will join Babcock as a Non-Executive Director, but he will become the Chair of the Audit and Risk Committee following Babcock’s AGM in July 2020.

For more information: https://www.babcockinternational.com

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