Ian King of BAE Systems is a business prodigy that’s destined to step on the corporate ladder ever since he started to graduate at Marconi in 1976. This is where he had his humble beginnings in operating manufacturing companies in Scotland and Portsmouth.
Eventually, King’s career started to grow when he became the Finance Director of Marconi Defence Systems from 1986 to the early 90s, while switching as finance director in Marconi Electronic Systems from the early to the late 90s. This is where he was already appointed as a non-executive director for the Marconi Company. He even became director of two joint ventures within the company. He was eventually moved to BAE Systems when the Marconi and British Aerospace merged in 1999. He was placed to start BAE Systems as a planning director for group strategies and overall business execution while reporting directly to the CEO.
Ian King started in September 2008 as a CEO but has been working with the rest of the company for a long time. He also worked as a COO for BAE Systems and as its Board of Directors at the start of 2007. In 2008m he was promoted as CEO of BAE Systems for 10 years. Now, he is deciding to retire so then he can give way to the new generation in the corporate ladder. Get the latest update on his twitter to find out more.
His Retirement Tactic
Ian King is still witty when it comes to placing the right investments thanks to his mastery in handling large business projects. Ian King, who retired in June already, sold a huge amount of shares. The 130,026 worth of shares were sold at a grand total of £794,458.86. It was a business tactic to say hello to retirement as King sold the shares the moment when BAE Systems had a rise in sales that cost around £1.1 billion to £19 billion thanks to exchanging rates that occurred in 2016. BAE is considered as a hot investment nowadays as President Donald Trump is going to provide more funds for improving the National defense.
Besides this amazing investment tactic, King’s tenure as the CEO of BAE Systems gained him a 20% increase on his pay as he closes into retirement before June 2018 arrived. As Ian planned to retire this June 30, he earned a hike in his pay at a dramatic rate. It’s where his base pay went up to £19,000 to £982,000 for a single period. He already has a bonus set at the £1.8 million mark. This is truly a worthy retirement for Ian King, and it’s all thanks to his wits as a leader.
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— Ian King (@IanKingGuru) July 9, 2018