BAE names new president and CEO
NASHUA — BAE Systems Inc. announced Tuesday that it has selected a new president and CEO for its company, one of the largest defense contractors in the world and a major employer in Southern New Hampshire.
Jerry DeMuro, a former executive with General Dynamics Corp., will take over as BAE Systems’ president and CEO on Feb. 1.
DeMuro will replace Linda Hudson, who announced last August her intention to retire in 2014.
“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 board of directors, in a statement. “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.”
In addition to his role as CEO and president, DeMuro will be appointed as an executive director of BAE Systems plc, and will serve on BAE Systems’ Executive Committee, according to a statement issued Tuesday.
According to the release, DeMuro has more than 36 years of experience in the national security, technology and aerospace industry. Recently, he served as executive vice president and corporate vice president at General Dynamics, an American aerospace and defense company.
At General Dynamics, DeMuro was responsible for leading an $11 billion Information Systems and Technology Group, about 44,000 employees and approximately 6,000 contracts, according to his biography. posted online.
“Jerry is a proven global business leaders who possesses the relationships and stature to ensure our customers’ challenges are understood and met,” said Ian King, chief executive officer 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.”
According to the statement, DeMuro is well positioned to succeed and thrive in the current business environment. He has a master’s degree from Fairleigh Dickinson University, and a bachelor’s degree from the University of Pittsburgh.
At General Dynamics, DeMuro managed the acquisition and integration of 22 companies and eight divestitures, in addition to managing strategic planning, business development, research and development, recruitment, retention and more, says his biography. Previously, he spent nearly a decade as an acquisition official at the U.S. Department of Defense.
According to BAE officials, Hudson will retire as a director of BAE Systems plc and step down from her role as president and CEO on Feb. 1. However, Hudson will continue on as an adviser until the end of May, and remain on the board until spring of 2015, says the statement.
BAE Systems is a global defense, security and aerospace company with employees worldwide and in New Hampshire. It delivers products and services for air, land and naval forces.
The defense company has facilities in Manchester, Merrimack, Nashua and Hudson, with a total of nearly 4,400 workers in the Granite State.