Rolls-Royce names Tufan Erginbilgic as new chief to succeed Warren East

Rolls-Royce has named a former executive of oil group BP and partner at a private equity group as its new chief executive to succeed Warren East. The FTSE 100 engineering group said that Tufan Erginbilgic would take up his new role at the start of next year. Erginbilgic is a partner at Global Infrastructure Partners, a private equity firm which focuses on large-scale investments in infrastructure businesses. Rolls-Royce has been looking for a new chief since East announced in February that he would leave the group at the end of the year. Anita Frew, Rolls-Royce chair, on Tuesday said Erginbilgic was a "Proven leader of winning teams within complex multinational organisations, with an ability to drive a high-performance culture and deliver results for investors".

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