16 Jun 2005
The Board of BAE Systems plc has appointed Peter Weinberg as a non-executive Director of the Company with effect from today, 16 June 2005.
Richard Olver, Chairman of BAE Systems, said, I am extremely pleased to welcome Peter to our Board. He is an excellent executive with strong management and investment banking experience, coupled with an understanding of US, UK and international business operations. This will enable him to make a significant contribution to furthering BAE Systems strategy of being the premier transatlantic defence company. Following Peters appointment, the Board is looking to appoint two additional non-executive directors by the end of the year, at least one of whom will be an American.
Peter Weinberg has recently been appointed Senior Director, Goldman Sachs Inc. Previously, Peter was Chief Executive Officer of Goldman Sachs International, co-Head of the Partnership Committee and a member of the firms Management Committee. Prior to that, he was co-Head of the Global Investment Banking Division. He joined the firm as a Vice President in 1988 and became a Partner in 1992.
Mr. Weinberg is a member of the Board of Trustees at the Brunswick School in Greenwich, Connecticut, Deerfield Academy, the Kravis Leadership Institute and the Kings Academy (Hashemite Kingdom of Jordan).
Mr. Weinberg (47) received his M.B.A. from Harvard in 1983 and his B.A. from Claremont McKenna College in 1979. He has dual citizenship of the United States of American and the United Kingdom and is married with three children.
About BAE SYSTEMS
BAE Systems is an international company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land, at sea and in space. The company designs, manufactures and supports military aircraft, surface ships, submarines, fighting vehicles, radar, avionics, communications, electronics and guided weapon systems. It is a pioneer in technology with a heritage stretching back hundreds of years. It is at the forefront of innovation, working to develop the next generation of intelligent defence systems.
BAE Systems has major operations across five continents and customers in some 130 countries. The company has more than 90,000 people and generates annual sales of over 13 billion through its wholly owned and joint venture operations.
