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TheMoodieReport.com: "BAA appoints Stephen Nelson as Chief Executive � 13/07/06
Source: �The Moodie Report
By Dermot Davitt
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Stephen Nelson: Hired 'because of his track record in demanding commercial situations and because of his qualities as a leader'.
UK. BAA today announced the promotion of Retail Director Stephen Nelson as Chief Executive.

Nelson succeeds Mike Clasper, who is stepping down as Chief Executive with immediate effect. Clasper will continue to act as an adviser to BAA during the next year.

Nelson, 43, joined BAA as Retail Director in September 2005 from J Sainsbury, where he was Marketing Director and a member of its Operating Board. He became a member of the BAA Board in April.

He previously had a number of roles at Diageo, including Managing Director of Guinness Great Britain and President of Diageo (North America) South West. He has also worked at Thorn EMI and OC&C strategy consultants.

BAA also confirmed that Marcus Agius, who has been Chairman of the BAA board since 2002, will continue in that role.

Agius said: 'We recruited Stephen Nelson to BAA last year because of his track record in demanding commercial situations and because of his qualities as a leader. We saw him then as a potential successor to Mike Clasper. Now that Mike has decided that this is the right time for him to leave BAA, Stephen is exactly the right person to build upon Mike�s substantial achievements.�

Juan B�jar, CEO of Ferrovial Infraestructeras, said: �Mike Clasper leaves BAA with our best wishes for the future. I am confident that Stephen will do an outstanding job leading BAA�s talented senior management team at a time when the company is well placed to build on the opportunities "