QinetiQ Group PLC today announces that Sir John Chisholm, Chairman of the Group, will be retiring from the Board with effect from 28 February 2010. As anticipated Mark Elliott, who joined the QinetiQ Board in May 2009 as an independent non executive director, will become Chairman of QinetiQ. His appointment will take effect from 1 March 2010.
Sir John Chisholm
Sir John Chisholm Commenting on the announcement Sir John Chisholm said: “Back in May 2009 I announced my intention to retire from the Group at the AGM in 2010. Having spent the last nine months overseeing succession planning culminating in the appointment of Mark Elliott, my successor, and Leo Quinn, our new Chief Executive Officer, the time is right for me to end a journey I started nearly 19 years ago when I took on the challenge of creating a successful commercial enterprise out of the research laboratories of the MoD. With these new key appointments completed, I believe it is now right for me to stand aside earlier than planned to leave the new team to address the current trading challenges. QinetiQ has the strong platform for the business moving forward that I wished to put in place before leaving. With this task complete, I leave QinetiQ in good hands with strong leadership“
Commenting on today’s announcement Mark Elliott, Chairman designate said: “Sir John has been instrumental in leading QinetiQ with great personal commitment and integrity. During his tenure, QinetiQ has undertaken a journey, transitioning from a UK public sector research based organisation into an international private sector services and solutions organisation. On a personal level Sir John has given phenomenal energy and personal commitment to QinetiQ. On behalf of the Board and John’s colleagues, I would like to thank him for his commitment, drive and support over the years. We wish him all the best for the future.”