REG - Rolls-Royce Holdings - Directorate Change

Rolls-Royce HoldingsAnnouncement

02/08/2023 07:00

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RNS Number : 9629H  Rolls-Royce Holdings plc  02 August 2023

2 August 2023

Rolls-Royce Holdings plc

 

DIRECTORATE CHANGES

 

Rolls-Royce Holdings (the Company) is pleased to announce that it will appoint
Paulo Cesar de Souza e Silva as a Non-Executive Director with effect from 1
September 2023. On joining the Board, Paulo will be appointed to the
Nominations, Culture & Governance Committee and the Safety, Energy
Transition and Tech Committee.

Paulo has an outstanding track record in the global aerospace industry with
over 25 years' experience at Embraer, the third largest commercial jets
manufacturer with operations in the US, EU, Brazil and China. He was President
& CEO of Embraer's Commercial Aviation division, before becoming President
& CEO of the Group in 2016.

As President & CEO, he led Embraer through major strategic change,
successful innovation in product development and programmes, significant
improvement in operational efficiency and supply chain optimisation and
successful industry partnerships.

Since his retiral from Embraer in 2019, he has acted as an advisor and board
member and is currently a non-executive director of Cemig, the major power
company in Brazil, listed in Brazil, US and Spain.

Dame Anita Frew said: "I am delighted to welcome Paulo to the Rolls-Royce
Board. He has deep expertise in the aerospace industry, a broad international
mindset and will bring a wealth of strategic, commercial and operational
experience to our discussions."

Paulo Cesar added: "I am delighted to be joining the Rolls-Royce Board, having
worked closely with the Company whilst at Embraer. I look forward to bringing
my international aerospace expertise to the role and contributing during a
time of significant change for the Company."

The Company also announces that Paul Adams, a Non-Executive Director of the
Company, will step down from the Board on 1 September 2023 having served since
March 2021. Dame Anita Frew, Chair, said: "I would like to thank Paul for his
contribution to the Board during his tenure as a Non-Executive Director. He
has provided a valuable contribution to both the Board discussions and in his
role as Chair of the Science & Technology Committee. We wish him all the
best for the future."

 

 

For further information please contact:

Pamela Coles, Chief Governance Officer

governanceteam@rolls-royce.com

 

 

Additional information

1.  This announcement is made in compliance with the Company's obligations
under Listing Rule 9.6.11.

2.  In accordance with the Listing Rules, Paulo Cesar de Souza e Silva was
previously a non-executive director of Petrobras between 2020 and 2021. There
are no additional matters that would require disclosure under 9.6.13R of the
Listing Rules of the UK Financial Conduct Authority in respect of his
appointment.

3.  Rolls-Royce develops and delivers complex power and propulsion solutions
for safety-critical applications in the air, at sea and on land. Our products
and service packages enable our customers to connect people, societies,
cultures and economies together; they meet the growing need for power
generation across multiple industries; and enable governments to equip their
armed forces with the power required to protect their citizens.

4.  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. We are committed to making our
products compatible with net zero carbon emissions to meet customer demand for
more sustainable solutions.

5.  The annual underlying revenue was £12.69 billion in 2022, and the
underlying operating profit was £652m.

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

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