Rolls-Royce unveils Warren East as new CEO
Aerospace and power systems group Rolls-Royce Holdings has named Warren East as its new chief executive officer.
Aerospace and Defence
10,849.11
16:59 26/04/24
FTSE 100
8,139.83
17:09 26/04/24
FTSE 350
4,470.09
16:59 26/04/24
FTSE All-Share
4,423.59
17:14 26/04/24
Rolls-Royce Holdings
421.10p
16:40 26/04/24
East, who has been a non-executive director at the FTSE 100 group since January 2014, will replace outgoing CEO John Rishton, who will step down from his current role on 2 July after 14 years in the role.
“I have a strong desire to return to an executive position with the energy and enthusiasm a role like this demands,” said East, who was CEO of ARM Holdings from 2001 to 2013.
“The markets which Rolls Royce serves and the technology it deploys are fascinating.
“This is a wonderful opportunity and I am very much looking forward to leading this remarkable company."
Rolls-Royce chairman Ian Davis welcomed the appointment, praising East’s track record.
“He has proven strategic and leadership skills in a global business and a strong record of value creation,” he said.
Rolls-Royce shares were up 3.87% to 1,046.00p at 08:13 on Thursday.