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De La Rue names BAE Systems' Sutherland as CEO

Fri, 29th Aug 2014 06:20

LONDON, Aug 29 (Reuters) - British banknote printer De LaRue named BAE Systems managing director MartinSutherland as its new chief executive on Friday.

Sutherland, who will start his new role before Oct. 13,joins from BAE System's Applied Intelligence division, where hehas been managing director since 2008.

The company, which prints British passports and more than150 currencies, has been without a CEO since March after TimCobbold left to join marketing services company UBM. (Reporting by Li-mei Hoang; Editing by David Goodman)

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