buglerbilly
16-06-10, 10:21 AM
By ANTONIE BOESSENKOOL
Published: 15 Jun 2010 17:11
BAE Systems Inc., the U.S. division of British company BAE Systems plc, plans to close one of its two operating headquarters and reorganize the other in a realignment intended to "better deliver our strategy in an increasingly cost-conscious marketplace," according to an internal memo circulated at the company June 15.
Pictured is an AAV7A1 assault amphibious vehicle built by BAE Systems Inc., which plans to close one of its two operating headquarters and reorganize the other. (BAE)
"Over the past several months, the BAE Systems, Inc. leadership team has conducted a review of our global markets and our customers' needs," BAE Systems Inc. President and Chief Executive Linda Hudson said in the memo. "From this review, it is clear that we must make changes to our organization if we are to continue our successful journey going forward. As a result, we are realigning BAE Systems, Inc. to better deliver our strategy in an increasingly cost-conscious marketplace."
The U.S. business is composed of Land & Armaments and Electronics, Intelligence and Support divisions. The operating headquarters for EI&S will cease operating July 1. More details on the EI&S closing will come later, Hudson said in the memo.
In the meantime, the Land and Armaments division will restructure its headquarters and lines of business to become "a sector organization geared to the evolving land business."
Several shifts in leadership positions are part of the realignment. Hudson said the new structure will be "better aligned to our strategy through product and service sectors." The changes will take effect July 1. They include:
■ Bob Murphy, who took over the Land and Armaments division when Hudson was named CEO of the entire U.S. business, will be executive vice president of "product sectors," overseeing the Electronic Solutions, Platform Solutions and Land & Armaments sectors.
■ Hudson will serve as acting executive vice president of "service sectors," and oversee the Intelligence and Security and Support Solutions sectors. The company will look for a permanent executive vice president of service sectors in the meantime.
■ Hudson, Murphy and presidents of the five product and service sectors will form a "Senior Leadership Team," but no additional details were provided on the role of the team.
"Through these changes, we will be better aligned to our key markets, be more competitive in a challenging environment by reducing cost, and be more agile to effectively respond to customer needs," Hudson said in the memo. "Moreover, we will be well positioned to pursue growth opportunities in existing and emerging markets."
The memo didn't specifically address layoffs, but Hudson said, "During the coming weeks, the leaders of the new sectors will assess their businesses and make decisions on how their organizations should be structured going forward to best deliver our product and services strategies. Sector leaders will communicate these decisions as they are made. In this process, we will make every effort to retain key talent wherever it resides in the organization."
Published: 15 Jun 2010 17:11
BAE Systems Inc., the U.S. division of British company BAE Systems plc, plans to close one of its two operating headquarters and reorganize the other in a realignment intended to "better deliver our strategy in an increasingly cost-conscious marketplace," according to an internal memo circulated at the company June 15.
Pictured is an AAV7A1 assault amphibious vehicle built by BAE Systems Inc., which plans to close one of its two operating headquarters and reorganize the other. (BAE)
"Over the past several months, the BAE Systems, Inc. leadership team has conducted a review of our global markets and our customers' needs," BAE Systems Inc. President and Chief Executive Linda Hudson said in the memo. "From this review, it is clear that we must make changes to our organization if we are to continue our successful journey going forward. As a result, we are realigning BAE Systems, Inc. to better deliver our strategy in an increasingly cost-conscious marketplace."
The U.S. business is composed of Land & Armaments and Electronics, Intelligence and Support divisions. The operating headquarters for EI&S will cease operating July 1. More details on the EI&S closing will come later, Hudson said in the memo.
In the meantime, the Land and Armaments division will restructure its headquarters and lines of business to become "a sector organization geared to the evolving land business."
Several shifts in leadership positions are part of the realignment. Hudson said the new structure will be "better aligned to our strategy through product and service sectors." The changes will take effect July 1. They include:
■ Bob Murphy, who took over the Land and Armaments division when Hudson was named CEO of the entire U.S. business, will be executive vice president of "product sectors," overseeing the Electronic Solutions, Platform Solutions and Land & Armaments sectors.
■ Hudson will serve as acting executive vice president of "service sectors," and oversee the Intelligence and Security and Support Solutions sectors. The company will look for a permanent executive vice president of service sectors in the meantime.
■ Hudson, Murphy and presidents of the five product and service sectors will form a "Senior Leadership Team," but no additional details were provided on the role of the team.
"Through these changes, we will be better aligned to our key markets, be more competitive in a challenging environment by reducing cost, and be more agile to effectively respond to customer needs," Hudson said in the memo. "Moreover, we will be well positioned to pursue growth opportunities in existing and emerging markets."
The memo didn't specifically address layoffs, but Hudson said, "During the coming weeks, the leaders of the new sectors will assess their businesses and make decisions on how their organizations should be structured going forward to best deliver our product and services strategies. Sector leaders will communicate these decisions as they are made. In this process, we will make every effort to retain key talent wherever it resides in the organization."