New Board Members Announced

British Airways has appointed three new Board Directors.


Rod Eddington (50), the airline’s recently-appointed Chief Executive, has formally joined the Board as an Executive Director. Martin Broughton, Chairman of British American Tobacco p.l.c. and Dr. Martin Read, Managing Director and Chief Executive of Logica plc, have been appointed Non-Executive Directors.


Mr Broughton (53) is a Chartered Accountant with extensive, international business experience. Before joining the B.A.T Industries Board, he was Finance Director of Eagle Star. He has also held the positions of Chairman of Wiggins Teape Paper and Chairman of Eagle Star.


Dr Read (50) is a graduate of Cambridge University and holds a research doctorate from Oxford. He has held several senior international positions during his career including roles with P&O Nedlloyd Containers, Courtaulds plc, and with GEC Marconi.


The three new Directors will be required to stand for election by shareholders at the company’s annual meeting in London on July 11.

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Sir Michael Angus, currently non-Executive Deputy Chairman, will step down from the Board at that time, having reached the statutory age of retirement.


Lord Marshall, British Airways Chairman, said: “While I will be sorry to lose the knowledge and wisdom of Sir Michael Angus, I am delighted to see our Board strengthened with the appointment of these highly-respected and experienced business leaders. I look forward to working with them.”


Born in 1950 in Perth, Western Australia, Rod Eddington was educated at the University of Western Australia and Oxford University (the 1974 Rhodes Scholar from Western Australia). He completed a D Phil in the Department of Engineering Science at Oxford and taught as research lecturer at Pembroke College, Oxford, in 1978-79.
Mr Eddington joined Swire Group in 1979 and worked with Cathay Pacific Airways in Hong Kong, Korea and Japan, in a variety of roles, before being appointed Managing Director in early 1992. News Limited appointed Mr Eddington as Executive Chairman of Ansett in January 1997.
He was appointed Chief Executive of British Airways with effect from May 1, 2000.


Born in 1947 in London, Martin Broughton was educated at Westminster City Grammar School. After qualifying as a chartered accountant he joined Peat Marwick Mitchell and Company. He joined British American Tobacco as an international auditor and held a number of senior financial positions. In 1988, he was appointed to the main Board of B.A.T Industries as Finance Director. He has been Chairman of Wiggins Teape Paper, and Chairman of Eagle Star.
In April 1993, he was appointed Group Chief Executive and Deputy Chairman of B.A.T Industries before becoming Chairman of British American Tobacco p.l.c. in 1998. Until 1999 he was Chairman of the Companies Committee of the Confederation of British Industry. He is a member of the Financial Reporting Council, and a Director of the British Horseracing Board. He will be stepping down from his current role as a Non-Executive Director of Whitbread at their next annual general meeting.
Born in 1950, Dr Martin Read is a graduate of Cambridge University with a research doctorate from Oxford. Dr Read began his career at Overseas Containers Limited (now P&O Nedlloyd Containers) where he held various international positions. He subsequently held positions at the International Paint subsidiary of Courtaulds where he was Commercial Director of the worldwide marine business, and with GEC Marconi with responsibility for the Communications divisions of Marconi Defence Systems and thereafter for the Radar and Control Systems group of companies.
In 1993, Dr Read became Managing Director and Chief Executive of Logica plc, where the market capitalisation has grown from around £130 million in 1993 to around £7.3 billion today. He was a Non-Executive Director of ASDA Group plc from 1996 to 1999, and is also a current Non-Executive Director of Boots plc.


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