Babcock's growth and operations chief Bill Tame to retire

Tame will leave Babcock at the end of June 2018 after 17 years at the company. He joined in 2001 as finance director and helped guide Babcock's growth from a small-cap company to a member of the FTSE 100.

After Babcock bought Avincis, an aviation services business, in 2014 Tame took on his current job with responsibility for integration, business development and operations of Babcock's international businesses.

Tame, who is also chairman of Southern Water, will leave Babcock with an interest in about 306,000 Babcock shares. He will be treated as a "good leaver" and the shares will be allowed to vest according to Babcock's remuneration policy.

Babcock's chairman, Mike Turner, said: "The board thanks Bill for his commitment to Babcock over the last 16 years. Bill has been a key member of the leadership team during our transformation from a small-cap business to a leading engineering services company."