Rolls-Royce Holdings plc Executive Team Change (6840H)
07 April 2022 - 10:34PM
UK Regulatory
TIDMRR.
RNS Number : 6840H
Rolls-Royce Holdings plc
07 April 2022
7 April 2022
EXECUTIVE TEAM CHANGE
Rolls-Royce (LSE:RR., ADR:RYCEY) announces that Andreas Schell,
President - Power Systems, has decided to step down to take up the
post of CEO at Energie Baden-Württemberg AG (EnBW), one of the
largest energy companies in Germany and Europe. The search for his
successor is currently underway and a further announcement will be
made in due course. Andreas, who joined at the start of 2017, will
continue in his current role to ensure a seamless transition but no
later than the end of the year.
Warren East, CEO, said: "Andreas has successfully repositioned
our Power Systems business from an engine manufacturer to a
provider of sustainable power solutions and set it upon a firm path
to capture the commercial opportunity presented by the energy
transition. He has strengthened the leadership team in the business
and together they have secured the highest order book in the
organisation's history. I would like to thank him for his hard work
and perseverance over the past five years and also his commitment
to leading the business while we work towards a smooth leadership
transition."
For further information, please contact:
Media
Richard Wray
Director of External Communications & Brand, Rolls-Royce
plc
Tel +44 (0) 7810 850055
Richard.Wray@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 GBP10.95 billion in 2021,
underlying operating profit was GBP414m and we invested GBP1.18
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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END
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