Rolls-Royce appoints Lee Hsien Yang as a Non-Executive Director
Friday, 8 November 2013
Rolls-Royce, the global power systems company, announces that Lee Hsien Yang will join the Board as a Non-Executive Director in January, 2014. Mr Lee serves as a Special Advisor of General Atlantic, LLC. and has been a member of the Rolls-Royce International Advisory Board since 2006.
The Chairman of Rolls-Royce, Ian Davis, said: "I am delighted to welcome Lee Hsien Yang onto the Board of Rolls-Royce as a Non-Executive Director. Mr Lee combines a strong background in engineering with extensive international business experience in our most important growth markets."
Lee Hsien Yang graduated in Engineering Science from Cambridge University and has an MSC from Stanford University. Mr Lee was Chief Executive of Singapore Telecommunications Limited for 11 years prior to joining Fraser and Neave Limited as Chairman and Non-Executive Director from 2007 until February 2013. He is Chairman of the Civil Aviation Authority of Singapore and is also Chairman of General Atlantic Singapore Fund Pte Ltd. and of the Islamic Bank of Asia Private Limited (a DBS Bank subsidiary). Mr Lee is also a director of the Singapore Exchange Limited, the Australian & New Zealand Banking Group Ltd. (ANZ) and the Lee Kuan Yew School of Public Policy, and is President of the INSEAD South East Asia Council.
Singapore Exchange Ltd and Fraser and Neave Ltd are listed on the Stock Exchange of Singapore. The Australia and New Zealand Banking Group Ltd is listed on the Australian Securities Exchange (ASX).
Save as disclosed above there are no other details to disclose under paragraph 9.6.13 (1) to (6) of the Listing Rules in relation to Lee Hsien Yang.
- Rolls-Royce is a world-leading provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce has a broad customer base comprising more than 300 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 4,000 marine customers, including 70 navies, and energy customers in more than 80 countries.
- Annual underlying revenue was £12.2 billion in 2012, of which more than half came from the provision of services. The firm and announced order book stood at £69.2 billion at 30 June 2013, providing visibility of future levels of activity.
- Rolls-Royce employs over 45,000 people in offices, manufacturing and service facilities in over 50 countries. Over 14,000 of these employees are engineers.
- In 2012, Rolls-Royce invested £919 million on research and development, two thirds of which had the objective of further improving the environmental performance of its products, in particular reducing emissions.
- Rolls-Royce supports a global network of 28 University Technology Centres, which connect the company's engineers with the forefront of scientific research.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.