Jul 30, 2022
Rolls-Royce’s new CEO says focus will be on opportunity and strategic clarity
"I am going into Rolls-Royce with a focus on how can we create a big opportunity for all stakeholders," he said. Tony Hayward, former BP chief executive who made Erginbilgic his chief of staff, said the incoming CEO "Is tough and his style is quite harsh but he builds great teams and has a strong record of delivery. He is a good appointment for Rolls-Royce at this point." One of Britain's oldest industrial names, Rolls-Royce brings with it a level of political and public scrutiny that the new chief will need to navigate carefully. Samuel Johar, chair of board advisory group Buchanan Harvey, said that while Erginbilgic was "Clearly a successful divisional CEO", the step up to group CEO "Is always a big one because strategy, external stakeholders and public scrutiny play a much bigger part." For investors in Rolls-Royce, whose recent history is marked by a series of transformation plans that never quite delivered, Erginbilgic's focus on the bottom line could be a breath of fresh air.
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