BAA Appoints Deputy Chairman.LONDON--(BUSINESS WIRE)--Sept. 25, 1997--BAA plc, the UK-based airport management and development company, today announced that its Board has appointed Lawrence Urquhart to the new position of Deputy Chairman. It is expected that he will succeed Dr. Brian Smith Brian Smith is the name of:
Lawrence Urquhart, aged 62, has been a non-executive director A non-executive director (NED, also NXD) or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way. on the BAA Board since 1993 and Chairman of the BAA Audit Committee since 1994. He is currently the non-executive Chairman of Burmah Castrol plc, Scottish Widows Scottish Widows is an investment company located in Edinburgh, Scotland, now a subsidiary of the Lloyds TSB Group. Scottish Widows Fund and Life Assurance Society opened in 1815 in what is now Chambers Street, as Scotland's first mutual life office. Fund & Life Assurance Society and English China Clays plc English China Clays plc or ECC was primarily a mining company involved in the extraction of kaolin, based in St Austell, Cornwall. Formed in 1919 by the merger of West of England China Clay Co., Martyn Brothers and North Cornwall China Clays. . He is a non-executive director of Kleinwort Benson Group plc. BAA's core business is the ownership and operation of airports. Through its subsidiaries at Heathrow, Gatwick, Stansted, Glasgow, Edinburgh, Aberdeen and Southampton, it handles over 70% of UK passenger traffic and over 80% of air cargo. Its activities include the planning, construction, management and security of terminals and runways, and the management of commercial facilities at its airports, including shops, restaurants, bars, currency exchange and parking. In the US, BAA is responsible for the management of the Indianapolis airport system, and oversees the retail activities at Pittsburgh International's AirMall. BAA's airport activities also encompass Australia (Melbourne) and Italy (Naples). BAA ordinary shares trade on the London, and Australian Stock Exchanges Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. ; prices may be accessed on Bloomberg under the symbol BAA LN, on the Reuter Equities 2000 Service under BAA.L and on Quotron under BAANU.EU. BAA ADRs, each equal to one ordinary share, appear on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under BAAPY. Additional information is available on BAA's home page: http://www.baa.co.uk. CONTACT: Michael Waring BAA plc 011-44-171-932-6692 or Jeff Zelkowitz Taylor Rafferty Associates 212-889-4350 |
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