BAE Systems names new chairman

British arms maker BAE Systems on Wednesday announced business veteran Roger Carr as its new chairman, replacing Dick Olver who came under pressure to step aside after the collapse last year of the company's proposed mega-merger with European aerospace group EADS.

Carr, 66, is presently chairman of British energy group Centrica and recently stepped down as president of the CBI, Britain's main business lobbying group.

"BAE Systems plc is pleased to announce that Sir Roger Carr... will succeed Dick Olver as chairman in the first quarter 2014, following a transition period," the defence group said in a statement.