Rolls-Royce Holdings PLC Rolls-Royce Appoints New Chairman (8437X)
14 February 2013 - 6:02PM
UK Regulatory
TIDMRR.
RNS Number : 8437X
Rolls-Royce Holdings PLC
14 February 2013
14 February 2013
ROLLS-ROYCE APPOINTS IAN DAVIS AS CHAIRMAN
Rolls-Royce, the global power systems company, announced today
that Ian Davis will succeed Sir Simon Robertson as Chairman. He
will join the Board as a non-executive Director on 1 March 2013 and
take over from Sir Simon at the conclusion of the Annual General
Meeting on 2 May 2013.
Ian Davis spent more than thirty years with McKinsey &
Company, including six as Chairman and Worldwide Managing Director.
He serves, as a non-executive Director, on the Boards of BP and
Johnson & Johnson and is a non-executive member of the Cabinet
Office Board.
Sir Simon Robertson said: "It has been a privilege and pleasure
to lead Rolls-Royce through eight years of continuous growth. This
is an exceptional company with exceptional prospects. I would like
to welcome Ian onto the Board. I am pleased to know I shall be
succeeded by a man of his stature and international experience. I
would like to thank my fellow Board members, the management and the
wider Rolls-Royce team for their commitment and support."
Ian Davis said, "I am looking forward greatly to joining
Rolls-Royce. Sir Simon has led the Board with distinction during
the past eight years. I am extremely excited by the prospect of
building on the firm foundations that have been laid".
There are no details to disclose under paragraph 9.6.13 (2) to
(6) of the Listing Rules in relation to Ian Davis. On appointment
as non-executive Director, Ian Davis will also join the nominations
committee. He currently holds no shares in Rolls-Royce Holdings
plc.
Notes to Editors:
1. Rolls-Royce is a world-leading provider of power systems and
services for use on land, at sea and in the air, and has
established a strong position in global markets - civil aerospace,
defence aerospace, marine and energy.
2. As a result of this strategy, Rolls-Royce has a broad
customer base comprising more than 500 airlines, 4,000 corporate
and utility aircraft and helicopter operators, 160 armed forces,
more than 4,000 marine customers, including 70 navies, and energy
customers in more than 80 countries.
3. Annual underlying revenue was GBP12.2 billion in 2012, of
which more than half came from the provision of services. The firm
and announced order book stood at GBP60.1 billion at 31 December
2012, providing visibility of future levels of activity.
4. Rolls-Royce employs over 45,000 people in offices,
manufacturing and service facilities in over 50 countries. Over
14,000 of these employees are engineers.
5. In 2012, Rolls-Royce invested GBP919 million on research and
development, two thirds of which had the objective of further
improving the environmental performance of its products, in
particular reducing emissions.
6. Rolls-Royce supports a global network of 28 University
Technology Centres, which connect the company's engineers with the
forefront of scientific research.
7. The Group has a strong commitment to apprentice and graduate
recruitment and to further developing employee skills.
For further information, please contact:
Investors:
Simon Goodson
Director - Investor Relations
Rolls-Royce plc
Tel: +44 (0)20 7227 9237
simon.goodson@rolls-royce.com
Media:
Josh Rosenstock
Director of External Communications
Rolls-Royce plc
Tel: +44 (0)20 7227 9163
josh.rosenstock@rolls-royce.com
Photographs and broadcast-standard video are available at
www.rolls-royce.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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