UPDATE 1-BAE Systems lines up oil executive Woodburn as next CEO

lunes 15 de febrero de 2016 05:09 GYT

* Oil executive appointed BAE chief operating officer

* Seen in line to succeed Chief Executive King

* Succession path mirrors one followed by King (Adds background, analyst comment, share price)

By Sarah Young

LONDON, Feb 15 (Reuters) - British defence firm BAE Systems named Charles Woodburn as its chief operating officer, making the former oil executive heir apparent for the chief executive's role.

BAE's statement on Monday followed media reports on Sunday that Woodburn would be appointed to the role before taking over the top job from Ian King in 12 to 18 months. King has run BAE since 2008 having formerly been chief operating officer.

Woodburn, 44, who formerly worked at oilfield services company Schlumberger and is currently chief executive at private equity-backed Expro, will join in the second quarter of 2016 and be paid a base salary of 750,000 pounds ($1.1 million).

King highlighted Woodburn's international focus as an advantage for BAE, the third biggest defence company globally, which makes over a third of its sales in the U.S. and Canada, and a fifth in Saudi Arabia.

"As a highly qualified engineer with considerable international business experience, Charles will strengthen and broaden the strategic and operational capabilities of the business as a welcome and valuable addition to the leadership team," King said in a statement.   Continuación...