Rolls-Royce appoints Director, Financial Planning

RNS Number : 4301G

Rolls-Royce Holdings plc

26 May 2017

 

26 May 2017

Rolls-royce appoints ben fidler as

 Director, group financial planning and Analysis

Rolls-Royce today announces the appointment of Ben Fidler into the new senior leadership role of Director, Group Financial Planning & Analysis, reporting to Chief Financial Officer Stephen Daintith. Ben, presently an Aerospace and Defence Analyst with Deutsche Bank, will take up his new appointment at the beginning of September 2017 and will have responsibility for management reporting, forecasting, budgeting and long-term planning.

Stephen Daintith, Chief Financial Officer, said: "Ben will bring exactly the right sort of rigour and challenge that Rolls-Royce needs to achieve our long-term goals and secure a more profitable and cash-generative future".

For further information, please contact:

Media:

Richard Wray

Director of External Communications

Rolls-Royce plc

Tel: [phone]

[e-mail]

www.Rolls-Royce.com

About Rolls-Royce Holdings plc

1.    Ben Fidler has twenty years' experience as an Aerospace and Defence Analyst. He has a proven and demonstrable track record in the financial sector and, having focused on Rolls-Royce in particular since 1997, he knows the company well. He has exceptional knowledge of the Aerospace industry and has a reputation for rigorous analytical scrutiny. This is reinforced by the number one rankings he has consistently achieved in the Aerospace Sector Analyst Surveys over recent years.

2.   Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.

3.   Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

4.   We have three common themes across all our businesses:

·      Investing in and developing engineering excellence

·      Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes

·      Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.

5.   Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £80 billion at the end of 2016.

6.   In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

7.   Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.

8.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.

 

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