BAE Systems has appointed Deepak Parekh, Chairman of HDFC Ltd, as a non-executive Director and Chairman of its Indian subsidiary, BAE Systems India (Services) Private Limited, with effect from1st January, 2015.
Mr Parekh’s association with BAE Systems began in 2010 when he was appointed as a member of the Company’s Independent Advisory Board for India. In his new, part-time role as Chairman, Mr Parekh will provide leadership to the BAE Systems India Board and help the company realise its aspiration to develop capabilities and infrastructure in the country in support of Prime Minister Modi’s ‘Make In India’ initiative.
Deepak Parekh said: “As a member of BAE Systems’ India Board, I look forward to working with the Company and helping to contribute positively to the future development of world class defence and security capability in India. As India accelerates its pace towards the goal of self-reliance in aerospace and defence, it is an exciting time to help guide the Company in support of that objective.”
Ian King, Chief Executive - BAE Systems Plc, said: “Deepak is one of India’s most respected business leaders. We are delighted to have the benefit of his experience and perspective as we continue to partner with India in order to Make in India.”
Source: BAE Systems PLC (LSE: BAES.L)
Date: Feb 9, 2015