BAE Systems Regulatory News (BA.)

BAE Systems announces Stephen Pearce to join its Board as a Non-Executive Director

The Board of BAE Systems plc is pleased to announce the appointment of Stephen Pearce as a non-executive director of the Company with effect from 1 June 2019. Nick Rose, who has served as a non-executive director of the Company for just over nine years, will retire from the Board at the end of the year, and the Board has agreed that Mr Pearce will succeed him as Chairman of the Audit Committee with effect from the beginning of 2020.Stephen Pearce is currently Finance Director of Anglo American plc, a role he has held since April 2017. He has more than 16 years of public company director experience and over 30 years of financial and commercial experience in the mining, oil and gas, and utilities industries.

Prior to joining Anglo American, Stephen served as CFO and an executive director of the Australian iron ore company Fortescue Metals Group Limited from 2010-2016. Before that, he was managing director and CEO of Southern Cross Electrical Engineering Limited. He is a former non-executive director of Cedar Woods Properties Limited.

He is currently a director of Kumba Iron Ore Limited, Anglo American Platinum Limited and De Beers plc, all of which are non-wholly owned subsidiaries of Anglo American plc.

He is a Fellow of the Institute of Chartered Accountants, a Member of the Governance Institute of Australia and a member of the Australian Institute of Company Directors.

Sir Roger Carr, Chairman of BAE Systems plc said, "I very much look forward to Stephen Pearce joining the BAE Systems Board. He is a seasoned executive with considerable international experience. In particular, his finance knowledge and skills will further strengthen the Board, and make him the ideal candidate to succeed Nick Rose as Chairman of our Audit Committee from the beginning of next year."

There are no additional details to disclose under Listing Rule 9.6.13 in respect of Stephen Pearce's appointment.