Last checked at 7 Apr 2022 13:34
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:
MediaRichard 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 £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)