Directorate Change

RNS Number : 4972U

Rolls-Royce Holdings plc

30 July 2015

 



30 July 2015

ROLLS-ROYCE APPOINTS ALAN DAVIES

AS A NON-EXECUTIVE DIRECTOR

Rolls-Royce today announces the appointment of Alan Davies as a Non-Executive Director. He will join the Board with effect from 1 November 2015 and will become a member of the Nominations and Governance Committee, and the Audit Committee.

Alan Davies is currently Chief Executive of Rio Tinto's Diamonds and Minerals division. He joined Rio Tinto in 1997 and has held a number of senior positions in Australia, London and the US, predominantly in Rio Tinto's Iron Ore product group where he has served as CFO, Managing Director Global Development and as President International Operations. Alan Davies is a Fellow of the Institute of Chartered Accountants in Australia.

Ian Davis, Rolls-Royce, Chairman, said: "I am delighted that Alan Davies will be joining us as a Non-Executive Director. He brings a wealth of leadership experience including transforming operational performance and driving cultural change through a complex global organisation. He has deep knowledge of China and other key emerging markets. Alan's appointment also adds further expertise in finance, safety and operations to the Rolls-Royce Board. I am looking forward to working with him."

Save as disclosed above, there are no further details to disclose under paragraphs 9.6.13 R (1) to (6) of the Listing Rules in respect of Alan Davies.

Warren East stepped down from the Audit Committee, the Nominations and Governance Committee and the Science and Technology Committee on 2 July 2015, before taking up his appointment as Chief Executive on 3 July 2015.

On 13 February 2015, we announced that Irene Dorner would join the Board as a Non-Executive Director of the Company on 27 July 2015 and would become a member of the Nominations and Governance Committee, and the Safety and Ethics Committee. Further to that announcement, she also became a member of the Audit Committee from 27 July 2015 joining Lewis Booth (chairman of the committee) and Lee Hsien Yang.

About Rolls-Royce Holdings plc

1.   Rolls-Royce's vision is to create better power for a changing world via two main business divisions, Aerospace and Land & Sea. These business divisions address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.

2.   Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.

3.   Our business is focused on the 4Cs:

·      Customer - placing the customer at the heart of our business

·      Concentration - deciding where to grow and where not to

·      Cost - continually looking to increase efficiency

·      Cash - improving financial performance.

4.   Annual underlying revenue was £14.6 billion in 2014, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £76.5 billion at 30 June 2015.

5.   In 2014, Rolls-Royce invested £1.2 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.

6.   Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.

7.   The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2014 we employed 354 graduates and 357 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.

For further information, please contact:

Investors:                                                                     Media:

John Dawson                                                              Richard Wray

Director - Investor Relations                                         Director of External Communications

Rolls-Royce plc                                                             Rolls-Royce plc

Tel: [phone]                                             Tel: [phone]

[e-mail]                                           [e-mail]

www.Rolls-Royce.com

 

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