Rolls-Royce appoints Paul Stein as Chief Scientific Officer
Monday, 11 January 2010Rolls-Royce, the global power systems company, has appointed Paul Stein, former Science and Technology Director at the Ministry of Defence, as Chief Scientific Officer.
Paul will be responsible for augmenting the Group’s strong technology base and his broad scientific and technological perspective will be an important influence on key business decisions. He will also anticipate new scientific developments and help the Group apply them to the next generation of products and services.
Paul Stein said: "I am delighted to be joining a global company renowned for its technological advances and strong record of investment in research and development. It is an exciting prospect to work with people who are experts in their field and drive innovation across Rolls-Royce.”
Colin Smith, Rolls-Royce Director - Engineering and Technology, said: "I am pleased to welcome Paul Stein as our new Chief Scientific Officer. His extensive experience and wide-ranging knowledge of emerging technologies will prove invaluable to Rolls-Royce and will help to drive growth for the future. I look forward to working with him closely."
Paul Stein has an extensive background in science and technology. Prior to joining the MOD in 2006, Paul had a 29 year career in the private sector, latterly as Managing Director of Roke Manor Research Limited, part of Siemens AG. In that role he sat on the Siemens UK Executive Management Board and was responsible for promoting innovation.
Paul will commence his new role on 18 January 2010.
- Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce today has a broad customer base comprising more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
- Rolls-Royce employs over 38,000 skilled people in offices, manufacturing and service facilities in 50 countries. The Group has a strong commitment to apprentice and graduate recruitment, and to further developing employee skills.
- In 2008, Rolls-Royce invested £885 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
- Annual underlying revenues were £9.1 billion in 2008, of which 52 per cent came from services revenues. The firm and announced order book stood at £57.5 billion at 30 June 2009, providing visibility of future levels of activity.
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