Mr Hutton said:
'This is a significant appointment and I am confident that Stephen Henwood's extensive commercial and financial experience will be invaluable in the next critical phases of the NDA's efforts to clean up the UK's nuclear legacy.'
The NDA is a non Departmental Public Body sponsored by the Department for Business Enterprise and Regulatory Reform. The NDA became fully operational on 1 April 2005 and its headquarters are in West Cumbria. It was set up to deliver the Government's commitment to dealing with the UK's civil nuclear legacy. Its core objective is to ensure that the civil public sector nuclear sites are decommissioned and cleaned up safely, securely, cost effectively and in ways that protect the environment.
Originally set up with an annual budget of around £2.2 billion, the agreed expenditure budget for 2007/08 is some £2.8 billion. The NDA's budget for the following three years is set to be over £8bn - contingent on the amount of income earned - and will be the largest amount of expenditure on the UK civil nuclear clean-up programme over such a period. This funding allows the NDA to operate safely and effectively with priority being given to the most hazardous sites.
Stephen Henwood's appointment was made in accordance with guidance issued by the Office of the Commissioner for Public Appointments (OCPA). The appointment is for three years up to 28 February 2011. The remuneration is £200,000 p.a. for two days a week. Stephen Henwood is not active on behalf of any political party and holds no other Ministerial appointment.
Stephen Henwood was Group Managing Director of International Partnerships, BAE Systems until 2006, a role which included the chairmanship of the £2 billion missiles joint venture, MBDA. He has a long and distinguished career in the international defence industry with BAE/British Aerospace from 1992. He previously worked for Tate and Lyle. He has a reputation for strong commercial leadership and programme delivery, in large, technically-complex organisations. He is a non-executive Director at Nord Anglia Education PLC, Hampson Industries PLC and at Lost Wax Media plc.