BAE Systems PLC Chairman Sir Roger Carr has asked a recruiter to start a search for potential candidates to succeed Ian King as CEO of the British defense contractor, Sky News reported Saturday.
Mark Kleinman writes executive search and consulting firm Spencer Stuart has started to look for possible successors to King through what Sky called a “horizon-scanning” process.
Kleinman reports any appointment for the CEO post could be at least two years away.
King has been CEO of BAE since 2008 and has not indicated plans to leave his post,  Sky News reports
King has initiated efforts to broaden BAE’s technology and cybersecurity investments as many countries have reduced their defense budgets, according to the report.
