{"id":14928,"date":"2026-01-23T07:43:31","date_gmt":"2026-01-23T07:43:31","guid":{"rendered":"https:\/\/microvibenews.com\/?p=14928"},"modified":"2026-01-23T07:43:31","modified_gmt":"2026-01-23T07:43:31","slug":"babcock-ceo-to-retire-after-posting-strong-trading-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=14928","title":{"rendered":"Babcock CEO to retire after posting strong trading \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/06\/Babcock-International-Rosyth.png\" alt=\"Babcock International (Rosyth)\" class=\"wp-image-180786 lazyload\" style=\"width:831px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"478\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/06\/Babcock-International-Rosyth.png\" alt=\"Babcock International (Rosyth)\" class=\"wp-image-180786 lazyload\" style=\"width:831px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/06\/Babcock-International-Rosyth.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/06\/Babcock-International-Rosyth-300x181.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/06\/Babcock-International-Rosyth-768x462.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2025\/06\/Babcock-International-Rosyth-600x361.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Babcock said trading had been strong<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Babcock International Group chief executive David Lockwood will retire by the end of the calendar year, with Harry Holt, the current CEO of its nuclear sector, appointed as his successor. <\/p>\n<p class=\"has-medium-font-size\">Mr Holt, who has been instrumental in the group\u2019s transformation and growth, has overseen a 54% revenue increase in the nuclear sector between FY23 and FY25, achieving 9% margins.<\/p>\n<p class=\"has-medium-font-size\">He will join the board in June as deputy CEO before assuming the CEO role.<\/p>\n<p class=\"has-medium-font-size\">The company has reported strong trading for the nine months ending 31 December, with good organic revenue growth and underlying operating margin progression, reinforcing confidence in meeting the full-year margin target of 8%. <\/p>\n<p class=\"has-medium-font-size\">Significant strategic developments include being selected as the prime industrial partner for Indonesia\u2019s \u00a34 billion Maritime Partnership Programme and signing an agreement for two further Arrowhead 140 licences. <\/p>\n<p class=\"has-medium-font-size\">The company also expanded its partnership with HII to support the US Virginia Class nuclear submarine programme and launched the ARMOR Force initiative for autonomous maritime operations. <\/p>\n<p class=\"has-medium-font-size\">The group has returned \u00a390m of its \u00a3200m share buyback programme and expects to complete it by the March year-end.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Babcock #CEO #retire #posting #strong #trading #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Babcock said trading had been &hellip; <\/p>\n","protected":false},"author":1,"featured_media":8276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[6677,266,529,265,10105,10106,10107,9547,998,2573],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/14928"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14928"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/14928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/8276"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}