Defence giant BAE Systems is poised to name City veteran Sir Roger Carr as its next chairman.
Carr, who is the outgoing president of employers’ group the CBI and was chairman of Cadbury during its £10billion takeover by Kraft, would replace Dick Olver, who has held the role for nine years.
BAE’s board is understood to be preparing its final selection and Sir Roger has spoken with directors.
Appointment:Sir Roger Carr (pictured) could become Chairman of BAEHis name has been put to the Ministry of Defence, which has the power to veto an appointment through the Government’s special share in the company.
BAE employs about 100,000 worldwide and is a major player in the US defence market.
More... Defence contractor BAE soldiers on to 'modest growth' as global spending cuts take a bite out of sales Osborne's Help to Buy scheme might boost the property market but it must be ditched, King warnsIt builds Typhoon fighter jets and nuclear submarines and provides companies and governments with cyber security.
Last year BAE failed in an attempt to merge with Europe’s EADS, the owner of Airbus, leading to calls for Olver to stand down.