Company Announcements

31 July 2020

Babcock announces the retirement of Franco Martinelli as Group Finance Director 

After 18 years working for Babcock, Franco Martinelli has advised the Board of his intention to retire from his role as Group Finance Director.  A process will start to appoint his successor.  Franco will remain in his role, until his successor is in place.  

Ruth Cairnie, Chair, said:

"I would like to thank Franco on behalf of the Board for his many years of dedicated service. He has made a valuable contribution to Babcock throughout his distinguished career, and has played a significant role in the strategic development of the Group. We all wish him the very best for his retirement."

Ends

For further information, please contact:

Babcock International Group PLC

Simon McGough                                                           Kate Hill

Director of Investor Relations                                         Group Director of Communications

Tel: +44 (0)7850 978 741                                                Tel: +44 (0)20 7355 5312
 

FTI Consulting

Nick Hasell, Alex Le May

Tel: +44 (0)20 3727 1340

Notes:

Franco's remuneration arrangements will remain in line with Babcock's Remuneration Policy.  Babcock will make available his details required by section 430(2B) of the Companies Act 2006 on the date of his retirement.  These will be in line with Babcock's remuneration policy.  As he is retiring, he will be a good leaver in respect of Babcock's incentive schemes.