Ex spy chief Sir Andrew Parker joins board of military contractor Babcock International
Former spy chief Sir Andrew Parker has joined the board of military contractor Babcock International.
Parker, 58, was MI5’s director general for seven years between 2013 and April 2020.
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He joined the intelligence service in 1983 and was promoted to deputy director general in 2007 after he led the response to the July 2005 terrorist attack and the 2006 transatlantic aircraft plot.
On board: Sir Andrew Parker was MI5’s director general for seven years between 2013 and April 2020
His appointment as a non-executive director is the latest attempt by Babcock chairman Ruth Cairnie to beef up the board.
Former Cobham boss David Lockwood took over as chief executive in September, succeeding long-running boss Archie Bethel.
Lockwood has already hired former Cobham finance chief David Mellors to take the same role at FTSE 250-listed Babcock.
The company’s work includes building aircraft carrier HMS Prince of Wales and maintaining the fleet of the UK’s nuclear submarines.
Babcock’s shares, which have lost more than 58 per cent of their value this year, rose 6.9 per cent, or 17.2p, to 267.2p.