DEFENCE giant BAE Systems and its former chairman Sir Richard Evans have parted company permanently, according to the firm’s annual report.
Evans, who retired from the post of chairman in 2004, continued to sit as a member of the Saudi Arabia advisory board until the end of last month. He was paid £246,954 last year.
He held the chairman’s role when BAE signed the controversial £40bn al-Yamamah contract to supply military equipment to Saudi Arabia.
The news comes just one month after BAE agreed a $400m (£266m) settlement with the UK Serious Fraud Office and the US Department of Justice.
BAE chairman Dick Olver said: “The company very much regrets and accepts full responsibility for these shortcomings.”