MENU

Warren East to step down from Rolls Royce

Warren East to step down from Rolls Royce

Business news |
By Nick Flaherty



Warren East is to step down as chief executive of UK-based aerospace firm Rolls Royce at the end of 2022.

East joined Rolls Royce as CEO eight years ago, moving from CEO of UK processor developer ARM where he was replaced by Simon Segars. Segars stepped down earlier this month after the takeover of ARM by Nvidia was blocked by regulators.

“It is a privilege to lead Rolls-Royce – it’s a job which I thoroughly enjoy,” said East. “We have simplified the group, fundamentally improved our underlying operations and driven long-term change. Rolls-Royce is a dramatically different business today: a leading industrial technology company that is not only addressing the energy transition but embracing the opportunity it presents to generate substantial business growth, including through the creation and nurturing of new businesses with very significant potential,” he said.

“With the advances we have made, the momentum and energy we have shown and our firmer financial foundations, this is the right moment to look to the future. I am thoroughly committed to leading this business while we work towards a smooth leadership transition.”

He has not commented on where he will go next. Rolls Royce, with headquarters in Derby, UK, had a turnover of £11.bn (€13.4bn) in 2021, down slightly on the previous year, and employs 50,000 people globally.

Car makers are looking at electronics industry executives for leadership. For example, Ferrari last year appointed Benedetto Vigna from STMicroelectronics as its new chief executive. The Rolls Royce car brand is separate and owned by BMW.

“Warren is an exceptional leader and has set a pioneering vision and strategic direction for Rolls-Royce to lead the transition to net zero across our markets. He has shown incredible tenacity, steering the Group through unprecedented times, and driven substantial cultural change throughout the organisation,” said Anita Frew, Chair of Rolls Royce, who took over from Ian Davis in October 2021.

“We are now running an open and transparent process to find his successor and ensure a smooth transition. I know that during this time, Warren will continue to lead Rolls-Royce with all the dedication he has shown throughout his tenure,” said Frew.

www.rollsroyce.com

Related articles

Other articles on eeNews Europe

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News

Share:

Linked Articles
10s