British Airways: Changes to the Board of Directors

British Airways has today announced changes to its Board of Directors, which will take effect from the company’s AGM on 16 July, 2002.

Currently 12 in number, the Board will reduce to 11 members.
Mr Michael Davies, a board member since May 1983, is to retire at the end of his current three year term and will not be standing for re-election. After seven years on the Board, the Hon. Raymond Seitz will also retire.

The Chairman, Lord Marshall of Knightsbridge, paid tribute: “As our longest-serving non executive director, Michael Davies has played a significant role in helping to guide this company to its successes and through some of its toughest challenges. His expertise and wise counsel have made an outstanding contribution to British Airways, for which we are immensely grateful.

“Raymond Seitz, who is retiring at his own request, also leaves with our thanks and much appreciation for his substantial contribution. His perspective on international affairs, in general, and specific knowledge of the vital United States market, in particular, have been highly valued.”
At the AGM in July, shareholders will be asked to elect Mr Maarten van den Bergh*, Chairman of Lloyds TSB Group and a non-executive director of BT Group and Royal Dutch Petroleum Company, as a non-executive director for a term of three years.

As previously announced, Lord Marshall of Knightsbridge, who will be 70 in November 2003, will be standing for re-election at the AGM for a further period of two years.


Dr Ashok Ganguly and Lord Renwick of Clifton will also be standing for re-election at the AGM when their respective current terms of office come to an end. In addition, in line with the company’s articles of association, shareholders will be asked to elect John Rishton, chief financial officer, and Captain Michael Jeffrey, the non-executive Chairman of the Board’s Safety Review Committee, both of whom were appointed to the Board since the last AGM.