Defence big BAE set to nominate its first-ever feminine chairman to succeed Sir Roger Carr
- Cressida Hogg is the present chairman of property big Land Securities
- She is poised to succeed Sir Roger Carr, who joined in 2013 to stabilise the agency
- BAE declined to remark, however Hogg’s arrival will imply all three of the UK’s prime defence corporations can have feminine chairmen for the primary time
BAE is ready to call Cressida Hogg as chairman
Defence big BAE is ready to call its first feminine chairman. The appointment of Cressida Hogg, the present chairman of FTSE 100 property big Land Securities, is because of be introduced alongside BAE’s half-year outcomes right this moment.
She is poised to succeed Sir Roger Carr, who joined in 2013 to stabilise the enterprise shortly after a disastrous try to merge with European aerospace big EADS. He steps down subsequent Might.
BAE declined to remark, however Hogg’s arrival will imply all three of the UK’s prime defence corporations can have feminine chairmen for the primary time. Anita Frew crammed the function at RollsRoyce final yr whereas Ruth Cairnie stepped up at Babcock in 2019.
The Mail on Sunday revealed BAE was appointing Hogg final weekend – and Sky Information final evening reported she had been handed the function as she prepares to depart LandSec subsequent yr after eight years.
Hogg has additionally held a senior place on the Canada Pension Plan Funding Board, one of many world’s largest pension funds, and sits on the board of the London Inventory Alternate Group.
She is the daughter of British industrialist Christopher Hogg, who chaired a number of corporations together with pharma big GSK, media group Reuters and Allied Domecq. Her husband, Henry Legge, is a barrister and the brother of William Legge, the Earl of Dartmouth and former deputy chairman of Ukip.
Upon arrival, Hogg will be part of feminine board members together with Kelly Ayotte, a former US senator, lawyer Alice Eldridge, and Gina Haspel, the primary feminine head of the CIA. Shares in BAE have risen by 40pc this yr.
Shares in BAE have risen by 40pc this yr