Jerry DeMuro Appointed to BAE Systems plc Board and President and CEO, BAE Systems, Inc.
Jerry DeMuro succeeds Linda Hudson as president and CEO of BAE Systems, Inc., effective February 1, 2014.
BAE Systems today announced the appointment of Jerry DeMuro as president and CEO of BAE Systems, Inc., effective February 1, 2014. He succeeds Linda P. Hudson, who in August 2013 announced her intention to retire from the company in 2014.
He will be appointed as an executive director of BAE Systems plc and will serve on BAE Systems’ Executive Committee, as well as on the board of BAE Systems, Inc. DeMuro will report to Ian King, chief executive of BAE Systems plc, and Michael Chertoff, chairman of the board for BAE Systems, Inc.
DeMuro joins the company with more than 36 years’ experience within the national security, technology and aerospace industry. Most recently he served as executive vice president and corporate vice president of the more than $10 billion, 44,000-employee Information Systems and Technology group at General Dynamics, leading a diverse portfolio focused on secure mobile communication systems, information technology solutions and mission support services, and intelligence, surveillance and reconnaissance systems. Prior to his appointment as executive vice president and corporate vice president, he held a number of critical senior leadership positions since joining the company through an acquisition in 1999. Earlier in his career, he spent almost a decade as an acquisition official at the U.S. Department of Defense.
“Jerry is a proven global business leader who possesses the relationships and stature to ensure our customers’ challenges are understood and met,” said Ian King, chief executive of BAE Systems plc. “His experience successfully running complex businesses known for developing cutting-edge technology for diverse international, commercial and government customers will greatly benefit BAE Systems, Inc. as it evolves its strategic focus toward expanding international and commercial business opportunities.”
“We are extremely proud that Jerry will lead BAE Systems, Inc. and its employees, who are inspired to deliver whatever is needed for the men and women serving our nation with intelligence, ingenuity and integrity,” said Michael Chertoff, chairman of the BAE Systems, Inc. board of directors. “He brings an outstanding record of driving shareholder value by expanding business platforms both domestically and internationally, and that will ensure the company’s future success as it continues to navigate the challenges in the industry.”
DeMuro inherits an organization well positioned to succeed and thrive in the current business environment. Since 2009, the company has taken significant steps to reduce costs and implement initiatives to improve efficiency and speed to market. In that period, the company has diversified its portfolio of products, services and capabilities to meet the evolving needs of its military, intelligence, government and commercial customers, while at the same time investing in the development of its workforce and focusing on initiatives to attract and retain the industry’s top talent.
Linda P. Hudson will retire as a director of BAE Systems plc and step down from her role as President and CEO on February 1, but will remain as an advisor to the company until the end of May to ensure a seamless transition. In addition, she will remain on the BAE Systems, Inc. board as an outside director through April 2015.
For further information, please contact:
Brian Roehrkasse, BAE Systems
Tel: +1 703 312 6976 Mobile +1 703 307 2568