BAE Systems PLCÂ Chief Operating Officer Charles Woodburn willÂ start a series of meetings withÂ clients and suppliers sometime inÂ October or November as part of preparations to succeedÂ Ian King asÂ CEO of the British defense contractor, Bloomberg reported Wednesday.
Benjamin Katz andÂ David HellierÂ report that Woodburn will assumeÂ a bigger roleÂ with outside stakeholders while King will continue to serve asÂ chief executiveÂ until at least February 2017.
Woodburn joined BAE in February after working asÂ CEO of oilfield services company Expro.
Shares in GovCon Index-listed BAE were flat on U.S. over-the-counter markets as of 12:00Â p.m. Eastern time WednesdayÂ andÂ closed down 0.28 percent on the London Stock Exchange.
The two-decadeÂ oil and gas industry veteran will oversee the development of aÂ warship forÂ the U.K. navyÂ and aÂ replacementÂ for Britain’sÂ Trident nuclear missile systemÂ upon his elevation to the chief executive post, Bloomberg stated.
Woodburn’s potential tasks as CEO also include theÂ development of an unmanned combat air vehicle through a joint venture withÂ Rolls-Royce, Thales SA and Safran SA, Katz and Hellier reported.