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RNS Number : 0631O

Rolls-Royce Holdings plc

05 October 2021

5 October 2021

ROLLS-ROYCE APPOINTS GRAZIA VITTADINI

AS CHIEF TECHNOLOGY OFFICER DESIGNATE

-- Grazia Vittadini appointed Chief Technology Officer, Designate, as Paul Stein steps down in 2022

   --      Harry Holt, Chief People Officer, to leave at end of 2021 to join Vertical Aerospace 

Rolls-Royce (LSE:RR., ADR:RYCEY) announces that Grazia Vittadini, former CTO at Airbus, will be joining as Chief Technology Officer, Designate, to succeed Paul Stein when he steps down next year after almost 12 years leading our pioneering research and technology efforts. Separately, Harry Holt, Chief People Officer, has decided to leave to take up the post of Chief Operating Officer at Vertical Aerospace. His successor will be announced in due course.

Grazia, who will join on 2 November 2021, spent almost 20 years at Airbus and over the last decade held a number of senior positions, most recently Chief Technology Officer. As CTO, she piloted Airbus into bold, new and sustainable technologies, ranging from electrification and hydrogen-based propulsion to digitalisation and Artificial Intelligence, autonomy, connectivity and advanced materials, while creating a diverse, high performing technology organisation. She stood down from her CTO role at Airbus in July and leaves at the end of October.

Warren East, CEO, Rolls-Royce, said: "I am delighted to announce the appointment of Grazia Vittadini. She brings with her extensive expertise in the emerging and disruptive technologies that will help us on our journey to net zero and further expand our digital innovation. She also has many years of experience working with our fundamental technologies and has a deep understanding of the safety critical systems which are at the core of our product portfolio."

Grazia Vittadini, said: "I relish the opportunity to join the Rolls-Royce family and continue its drive to pioneer the power that matters to connect, power and protect society. The commitment to ensuring all new products are compatible with net zero operation by 2030 is a bold one and one I'm very much looking forward to delivering on it, together with the outstanding teams that Rolls-Royce has across the world."

Warren East added: "I would like to extend my heartfelt thanks to two wonderful colleagues, and indeed the thanks of my wider leadership team and all of us at Rolls-Royce to both Paul and Harry for their hard work and dedication over many years. During his time, Paul has navigated us through one of the most intense R&D periods in our history, as we have put more new civil aircraft engine types into the sky than ever before, while laying the foundations for our next generation technologies and creating new businesses in electrification and small modular nuclear reactors. Harry has steered us through a time of great transformation and cultural change across our business and has been instrumental in the successful delivery of our restructuring in response to the impact of the pandemic. We wish them both the best of luck for the future."

Paul Stein, who joined Rolls-Royce in 2010 as Chief Scientific Officer, will step down from his current role at the end of the first quarter of 2022. He will remain as Chairman of Rolls-Royce SMR, our venture that is creating small modular reactors for the provision of low cost, reliable, low carbon energy, and will continue to help the Group in other ways. Harry Holt will leave at the end of this year after a decade with Rolls-Royce, in which he has led several organisations, including our Nuclear business, and has been responsible for our HR, HS&E and global business services teams since 2018. The search for his successor is underway.

For further information, please contact:

Rolls-Ro yce

Media

Richard Wray

Director of External Communications & Brand, Rolls-Royce plc

Tel +44 (0) 7810 850055

Richard.Wray@Rolls-Royce.com

Teresa Towner

External Corporate Communications Manager, Rolls-Royce plc

Tel: +44 (0) 7971 832 542

Teresa.Towner@Rolls-Royce.com

Investors

Isabel Green

Head of Investor Relations, Rolls-Royce plc

Tel +44 (0) 7880 160976

Isabel.Green@Rolls-Royce.com

www.rolls-royce.com

About Rolls-Royce Holdings plc

1. Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.

2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.

3. Annual underlying revenue was GBP11.76 billion in 2020 and we invested GBP1.25 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

4. Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)

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