By Razak Musah Baba

LONDON--BAE SYSTEMS PLC (BA.LN) Wednesday named Charles Woodburn chief executive to replace Ian King who will retire on June 30.

The global defense, aerospace and security company said Mr. Woodburn, who is currently chief operating officer, will be appointed CEO from July 1.

BAE shares at 0910 GMT were down 0.50 pence, or 0.08%, at 608 pence, valuing the company at 19.31 billion pounds ($24 billion).

Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

(END) Dow Jones Newswires

February 22, 2017 04:52 ET (09:52 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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