Rolls-Royce appoints Ian Davis as Chairman
Thursday, 14 February 2013
Rolls-Royce, the global power systems company, announced today that Ian Davis will succeed Sir Simon Robertson as Chairman. He will join the Board as a non-executive Director on 1 March 2013 and take over from Sir Simon at the conclusion of the Annual General Meeting on 2 May 2013.
Ian Davis spent more than thirty years with McKinsey & Company, including six as Chairman and Worldwide Managing Director. He serves, as a non-executive Director, on the Boards of BP and Johnson & Johnson and is a non-executive member of the Cabinet Office Board.
Sir Simon Robertson said: “It has been a privilege and pleasure to lead Rolls-Royce through eight years of continuous growth. This is an exceptional company with exceptional prospects. I would like to welcome Ian onto the Board. I am pleased to know I shall be succeeded by a man of his stature and international experience. I would like to thank my fellow Board members, the management and the wider Rolls-Royce team for their commitment and support.”
Ian Davis said, “I am looking forward greatly to joining Rolls-Royce. Sir Simon has led the Board with distinction during the past eight years. I am extremely excited by the prospect of building on the firm foundations that have been laid”.
There are no details to disclose under paragraph 9.6.13 (2) to (6) of the Listing Rules in relation to Ian Davis. On appointment as non-executive Director, Ian Davis will also join the nominations committee. He currently holds no shares in Rolls-Royce Holdings plc.
- 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 500 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 £60.1 billion at 31 December 2012, 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.