The Executive Board is the approval body for all matters requiring subsequent Rolls-Royce Board approval. It establishes corporate priorities, approves group policy, decides senior succession and reviews group performance.
The Executive Board comprises the five Executive Directors:-
John Rishton, Chief Executive
Mike Terrett, Chief Operating Officer
Mark Morris, Finance Director
Colin Smith, Director - Engineering & Technology
Jim Guyette, President & Chief Executive Officer of Rolls-Royce North America Inc
Paul Davies - Secretary
The Group Leadership Team provides input and advice to the Executive Board on policy and strategy, discusses group performance and is an important communications forum. It comprises:
John Rishton, Chief Executive
Mike Terrett, Chief Operating Officer
Mark Morris, Finance Director
Colin Smith, Director - Engineering & Technology
Jim Guyette, President & Chief Executive Officer of Rolls-Royce North America Inc.
Kath Durrant, Director - Human Resources
Lawrie Haynes, President - Nuclear
Andrew Heath, President - Energy
Mark King, President - Civil Aerospace
Dan Korte, President - Defence Aerospace
John Paterson, President - Industrial and Marine Power Systems
Miles Cowdry, Director - Global Corporate Development
Tony Wood, President - Marine
Rob Webb, General Counsel
Peter Morgan, Director - Corporate Affairs
Alain Michaelis, President - Gas Turbine Supply Chain, Deputy Chief Operating Officer
Michael Haidinger, President - Rolls-Royce Deutschland Ltd & Co KG
Harry Holt, Director - Global Government Relations
The Operations Executive, chaired by the Chief Operating Officer, reports into the Executive Committee. Membership covers operations, manufacturing, engineering, quality, supply chain and purchasing, with other directors invited according to the agenda. It meets monthly.
The Functional Executive also reports into the Executive Committee and is chaired by the Chief Financial Officer. Members are directors of major functions with other functional owners invited by agenda. It meets 6 times per year.
The Board has delegated certain powers and duties to its principal Board committees all of which operate within defined terms of reference.
Nominations committee
The nominations committee makes recommendations to the Board on the appointment and re-appointment of executive and non-executive directors and on the membership of board committees.
Remuneration committee
The remuneration committee is responsible for making recommendations to the Board on the company's policy towards executive remuneration.
Audit committee
The audit committee has responsibility for reviewing the company's financial reporting and accounting policies. It is also responsible for the company's relationship with the external auditors and for the internal audit function, which is termed Business Assurance.
Principal Board Committees' Terms of Reference and Conditions
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