REG - Rolls-Royce Holdings - Executive Team Change

Rolls-Royce HoldingsAnnouncement

20/09/2022 11:45

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RNS Number : 0040A  Rolls-Royce Holdings plc  20 September 2022

20 September 2022

 

EXECUTIVE TEAM CHANGE

 

Rolls-Royce (LSE:RR., ADR:RYCEY)  announces that Dr Jörg Stratmann has been
appointed as CEO of Rolls-Royce Power Systems AG. He will join Rolls-Royce on
15 November 2022 reporting to CEO Warren East as part of the wider Executive
Team.

 

Jörg Stratmann, who holds a doctorate in industrial engineering, was most
recently CEO and chairman of the executive board of the automotive supplier
Mahle GmbH. In this role, he significantly expanded the business outside the
area of combustion engines towards customised solutions for e-mobility and
successfully developed new business opportunities based on sustainable
technologies for global markets. Previously, he held various international
positions for Siemens AG and leading positions at Mahle.

 

Warren East, CEO, Rolls-Royce, said: "I would like to welcome Dr Jörg
Stratmann to the Rolls-Royce leadership team. He brings with him extensive
experience of the energy transition and how it opens up valuable growth
opportunities, which will benefit the whole group. He also has a record of
driving operational performance and efficiency improvements, which will assist
Power Systems as it continues to sharpen its focus on the profitability of the
core mtu business."

 

Tufan Erginbilgic, who will take over as Rolls-Royce CEO from 1 January 2023,
was closely involved in the recruitment process. He said: "I look forward to
working with Jörg and the wider team at Power Systems as we deliver
profitable growth from the strong order book and generate further value from
its strategic move to more sustainable power solutions."

 

For more information see www.rolls-royce.com/media/press-releases

 

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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