Article

David Lockwood, CEO of Babcock International PLC, will retire at the end of 2025 after five successful years, with Harry Holt set to succeed him as deputy CEO in June. Under Lockwood's leadership, Babcock experienced significant revenue growth and a sixfold increase in share price, driven by strong performances in the Nuclear, Aviation, and Marine sectors, while also engaging in key defense projects and ongoing share buybacks. The company is on track to meet its full-year margin target of 8%.