--BAE Systems PLC has started a search to find a successor to Sir Roger Carr, its current chairman who will step down in 2023, Sky News reports.

--Board members at the defense contractor have begun interviewing advisers about assisting with the recruitment process, which is expected to last for up to two years, according to Sky.

--The requirement for such a lengthy process is in part necessitated by BAE's particular corporate governance framework, Sky says.

Full story: https://bit.ly/2QxTZPl

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(END) Dow Jones Newswires

05-20-21 0148ET