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LONDON, Feb 15 (Reuters) - British defence firm BAE Systems named Charles Woodburn to the newly-created role of Chief Operating Officer, lining up the former oil executive as heir apparent for the chief executive's role.
BAE's statement on Monday confirmed a story over the weekend that Woodburn is likely to be appointed as BAE Systems' chief operating officer before taking the top job in 12 to 18 months, according to a source close to the situation.
BAE said Woodburn, who formerly worked at oilfield services company Schlumberger and is currently chief executive at private equity-backed Expro, would join the board during the second quarter of 2016 and be paid a base salary of 750,000 pounds ($1.09 million).
$1 = 0.6889 pounds Reporting by Sarah Young, Editing by Paul Sandle