BAE Systems PLC announced that Stephen Pearce has informed the Board of his intention to retire from his role as Non-Executive Director at the end of November 2026. In preparation for his retirement from the Board, Stephen will step down as Chair of the Audit and Risk Committee at the conclusion of the Company's 2026 Annual General Meeting, due to be held on May 7, 2026. Subject to re-election at the Company's AGM, Stephen will remain a member of the Audit and Risk Committee to support the new Chair until such time as he steps down from the Board.
Subject to re-election at the Company's AGM, Angus Cockburn will succeed Stephen as Chair of the Audit and Risk Committee. Angus has been a member of this Committee since joining the Board in November 2023.
BAE Systems plc is one of the world's leaders in designing, producing and marketing defense and aerospace systems and equipment. The activity is organized mainly around three families of products and services:
- land-based equipment: combat vehicles, tanks, missile launchers, artillery systems, munitions, etc.;
- electronic communication, navigation, and simulation systems. The group also offers ship and boat repair services;
- aeronautical and marine equipment: aircraft, watercraft, submarines, etc.
Net sales are distributed geographically as follows: the United Kingdom (26.8%), Europe (6.6%), the United States (47.7%), Saudi Arabia (11%), Australia (4.4%), Asia/Pacific (1.3%), Qatar (1%), Canada (0.7%) and other (0.5%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
