Defence giant Babcock International has named former Royal Dutch Shell executive Ruth Cairnie as its first chairwoman. Defence giant Babcock International has named former Royal Dutch Shell executive Ruth Cairnie as its first chairwoman. She takes on the role at Babcock at a testing time for the group, which is the Ministry of Defence’s second largest contractor. The report alleged Babcock had a “terrible” relationship with the MoD, and claimed the firm had “systematically misled investors by burying bad news about its performance”. It revealed in February an extra £10 million tax hit due to Brexit and the restructuring of its aerial emergency services business.

Source: Irish Independent April 03, 2019 07:18 UTC