REG - Rolls-Royce Holdings - Executive Team Change

Rolls-Royce HoldingsAnnouncement

07/04/2022 13:45

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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 (http://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 £10.95 billion in 2021, underlying
operating profit was £414m and we invested £1.18 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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