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BRITISH AEROSPACE APPOINTS JOHN CAHILL AS CHAIRMAN

 BRITISH AEROSPACE APPOINTS JOHN CAHILL AS CHAIRMAN
 WASHINGTON, April 23 /PRNewswire/ -- The board of British


Aerospace Plc in London announced today its intention to appoint John C. Cahill as chairman, effective May 1. Cahill will succeed Sir Graham Day, who assumed the role of chairman in September 1991. Day will remain on the board as a non-executive director for one year.
 Commenting on the appointment, Day said: "In John Cahill, I have no doubt that British Aerospace has found a person supremely qualified to lead the group over the next few years. He brings with him unrivaled experience of the management of a wide variety of industrial interest, and his record of success at BTR over so many years bodes well for our future. Having undertaken the role to which I committed myself last September, I now feel satisfied that we have identified a first-rate chairman who will take the company forward."
 Cahill, 62, was chief executive of BTR Plc, the international industrial engineering group, from 1987 to 1991 and remains a director of BTR as well as being chairman of BTR Inc., the holding company for its North American operations.
 Cahill has spent his working career with BTR, having joined BTR Industries Ltd. in 1955, establishing the company's Canadian operations in 1959 and becoming a director in 1968. In 1978, he was appointed president and chief executive officer of BTR Inc. and chairman of the Western Region of BTR prior to his appointment as group chief executive, based in London, in 1987.
 During Cahill's period as chief executive of BTR, the company's sales increased from 3.98 billion Pounds to 6.74 billion Pounds, pre-tax profit rose from 491 million Pounds to 945 million Pounds with operating margins averaging 16.5 percent during his tenure as against 13.8 percent at the outset.
 Cahill said of his appointment, "I am delighted to have been invited to succeed Sir Graham Day as chairman and to have the opportunity of using my experience to lead the management in restoring the group's performance."
 -0- 4/23/92
 /CONTACT: Michael Jolley of British Aerospace, 703-435-9100/ CO: British Aerospace ST: Virginia IN: AIR SU: PER


MH-TW -- DC025 -- 1937 04/23/92 13:23 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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