Meet Peter Rogers, CEO of Babcock plc
Since 2002 Babcock International has completely transformed itself from a financially challenged manufacturer of material handling equipment to the leading engineering support services company in the UK. In the process sales have gone from £400 million to over £3 billion and operating profits from £12 million to some £350 million.
Peter Rogers, who has been the Chief Executive of the company throughout this period, will talk about the challenges, inherent in growth at this pace and the issues surrounding a business which has grown both organically and by acquisition.
Event details:Wednesday 22 February 2012, 18.00-20.30
Lecture Theatre 2D67
University of the West of England
Frenchay Campus, Coldharbour Lane
Bristol BS16 1QY
Born in Rugby in 1947, Peter Rogers attended Wymondham College in Norfolk and later graduated from the University of Manchester with a law degree subsequently qualifying as a Chartered Accountant. Peter joined Babcock International Group as Chief Operating Officer in June 2002 and was appointed Chief Executive in August 2003. Prior to joining Babcock, Peter had been a director of Courtaulds and deputy chief executive of Acordis a private equity funded buy out following the takeover of Courtaulds by Akzo Nobel. His early career had been spent with Ford Motor Company where his last job was Manager, European Strategy and Planning.
As Chief Executive of Babcock, Peter has been responsible for both organic growth and acquisitions which has taken the company from a market capitalisation of some £150 million to its current level of over £2.4 billion. Profits have risen from some £12 million to approaching £350 million.
Babcock is the second largest supplier to the UK Ministry of Defence with sales to them of some £1.5 billion. Major activities include the support of the nuclear submarine fleet at HMNB Clyde and at Devonport, refitting of Surface Ships at Devonport and Rosyth, management of Defence Estates Prime Contracts for the South West and Eastern regions and training of Army, RAF and Naval personnel.
Babcock is the leading supplier of support services to the UK nuclear sector with a resource of some 2,500 people qualified in the nuclear arena. It operates sites at Devonport, Faslane, Rosyth and Dounreay. It is also the largest provider of apprentice level training in the UK with a client list which includes BMW, VAG Group, EDF and Network Rail.
Peter is a non-Executive Director of Galliford Try plc.