Rolls-Royce appoints Mikael Makinen as President of Marine business

Friday, 9 May 2014

Rolls-Royce has announced that it has appointed Mikael Makinen as President of its Marine business. Mikael joins from McGregor, where he was President, and before that he held a number of senior positions at Cargotec and Wärtsilä.

Lawrie Haynes, Rolls-Royce, President - Marine & Industrial Power Systems, said: "Mikael joins us at an exciting time and I’m delighted he will be leading our Marine business into the future. He brings with him an impressive set of credentials and extensive experience of our industry, both as a customer and a supplier of the maritime technology. "

Mikael Makinen, Rolls-Royce, President - Marine, said: "Rolls-Royce is a world-renowned engineering company and to be joining such a prestigious brand is inspiring. The Marine business has some fantastic technology, an impressive customer base and some very capable people. I’m looking forward to leading this business and delivering the products, innovation and support that our customers need."

Mikael Makinen will lead a business of more than 6,000 people located in 35 countries. Together, they serve more than 4,000 customers in the Offshore, Merchant and Naval sectors, with equipment installed on around 25,000 vessels.

About Rolls-Royce Holdings plc

  1. Rolls-Royce’s vision is to create better power for a changing world via two main business segments, Aerospace and Marine & Industrial Power Systems (MIPS). These business segments address markets with two strong technology platforms, gas turbines and reciprocating engines, for use on land, at sea and in the air.
  2. Aerospace comprises Civil Aerospace and Defence Aerospace. MIPS comprises Marine, Energy & Nuclear and Power Systems (RRPS). On 7 March 2014, Daimler announced their intention to exercise their option to sell their 50% share in RRPS to Rolls-Royce Holdings plc. On 16 April 2014, Rolls-Royce and Daimler announced that they have agreed the valuation of Daimler’s 50% equity interest. The transaction is expected to complete within the coming months and is subject to the usual regulatory approvals.
  3. 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 1,600 energy and nuclear customers.
  4. 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.
  5. Annual underlying revenue was £15.5 billion in 2013, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £71.6 billion at 31 December 2013.
  6. In 2013, Rolls-Royce invested £1.1 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers with the forefront of scientific research.
  7. Rolls-Royce employs over 55,000 people in 45 countries. Over 17,000 of these are engineers.
  8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2013 we employed 379 graduates and 288 apprentices through our worldwide training programmes.

For further information, please contact:

Craig Taylor
Head of Communications - Marine
Mobile : +44 (0)7807 969 426
Email : craig.taylor2@rolls-royce.com

Anette Bonnevie Wollebæk
Senior Communications Manager - Marine, Nordic Region
Mobile: +47 976 70 882
Email: abw@rolls-royce.com

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