BAE Systems, a leading global defense and aerospace company, has announced the promotion of Tara Olivet to the position of Senior Vice President of Finance. Olivet assumed her new role on Saturday and is now responsible for overseeing the financial operations of the company’s U.S.-based businesses. These operations generated impressive sales amounting to $16.85 billion in 2024 and employ more than 40,000 individuals across the United States, the United Kingdom, and Sweden.
Career Highlights of Tara Olivet
Tara Olivet, a certified public accountant, has been a part of BAE Systems since 2005. Over the years, she has held multiple key leadership roles within the company both in the United Kingdom and its American subsidiary. Prior to her recent promotion, Olivet served as the Deputy Senior Vice President of Finance for the American subsidiary. Her extensive career at BAE Systems includes positions such as Vice President of Finance for the Platforms and Services sector, Vice President of Internal Audit and Controller, and Finance and Controls Director for the U.K. Aircraft Carrier Alliance. In this latter role, she was instrumental in the successful construction and delivery of the Queen Elizabeth-class carriers to the Royal Navy.
Educational Background
Olivet is well-equipped for her new responsibilities with a strong educational background. She holds a master’s degree in business administration from Georgetown University. Additionally, she earned a bachelor’s degree in business administration with a focus on finance and marketing from Ithaca College. Further strengthening her credentials, Olivet possesses a certificate in accounting from the University of California.
Reporting Structure and Leadership Endorsement
In her new capacity as Senior Vice President of Finance, Olivet will report directly to BAE Systems Inc. President and CEO Tom Arseneault, who is a three-time recipient of the prestigious Wash100 award. Arseneault, commenting on Olivet’s appointment, expressed high regard for her contributions to the company. He stated, “Her experience, leadership, and dedication to the company’s mission will continue to be foundational to our future growth and success.”
Transition and Future Prospects
Olivet succeeds Dan Sallet, who will be involved in supporting special projects until his retirement in January. The transition marks a significant step in BAE Systems’ strategic financial leadership, with Olivet poised to play a crucial role in driving the company’s future growth across its extensive operations. Her proven track record and respected standing within the industry make her an ideal fit for this pivotal role.
Note: This article is inspired by content from https://www.govconwire.com/2025/06/bae-systems-inc-tara-olivet-finance-svp-tom-arseneault/. It has been rephrased for originality. Images are credited to the original source.