BAE Systems Australia has announced that Dr Ian Watt will retire as non-executive chairman at the end of February after holding the position since April 2016.
Dr Watt said, “It has been a privilege to serve the company as its non-executive chairman, and I leave in the knowledge that BAE Systems has a strong order book and an experienced executive team that is well positioned to deliver its commitments to the Commonwealth government.”
“I have a passion for BAE Systems and its mission to deliver a growing capability to the Australian Defence Force. The importance of the role the company plays in helping protect the nation and grow the economy cannot be underestimated,” he added.
Dr Watt was appointed to the position in April 2016 and has made a very significant contribution to the company’s success during the term of his appointment.
“I am grateful of the opportunity to work with the company and I would like to thank all of the employees within Australia for their dedication and hard work. The company has a great opportunity to grow the Australian business and, in doing so, ensure that the Australian Defence Force maintains the capability edge it needs,” Dr Watt said.
BAE Systems Australia chief executive Gabby Costigan said, “The company benefited enormously from Dr Watt’s considerable experience and counsel during his appointment.”
“Ian has made a valuable contribution to growing our business, and during his tenure, we have been successful in securing two key programs: the $1 billion Jindalee Operational Radar Network upgrade and the $35 billion Hunter Class Frigate Program. I would like to personally thank Ian for his leadership and contribution to the company,” Costigan added.
The position of non-executive chairman at BAE Systems Australia will not be retained following Dr Watt’s departure.