British engineer Babcock's Archie Bethel to retire as CEO
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(Reuters) - Babcock International said on Wednesday Archie Bethel would be retiring as the British engineering firm's chief executive officer after being in the role for more than three years.Bethel is expected to stay in the role until a successor is found, the company said, adding that the search for a future CEO has already begun.Babcock, whose biggest customer is Britain's Ministry of Defence, is reshaping itself as it deals with contracts which are at the end of their lifecycle and those..