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David Lockwood, CEO of Babcock International Group PLC, will retire by the end of 2026, with Harry Holt, currently leading the Nuclear sector, appointed as his successor. Holt, who has driven significant revenue growth in his division, will join the Board as Deputy CEO in June before officially taking over. During Lockwood's tenure, Babcock saw a rise in share value and is advancing major projects, including a £4 billion maritime capability initiative in Indonesia.