Executive Team ChangeSource: RNS
20 September 2022
EXECUTIVE TEAM CHANGE
Rolls-Royce (LSE:RR., ADR:RYCEY) announces that Dr Jörg Stratmann has been appointed as CEO of Rolls-Royce Power Systems AG. He will join Rolls-Royce on 15 November 2022 reporting to CEO Warren East as part of the wider Executive Team.
Jörg Stratmann, who holds a doctorate in industrial engineering, was most recently CEO and chairman of the executive board of the automotive supplier Mahle GmbH. In this role, he significantly expanded the business outside the area of combustion engines towards customised solutions for e-mobility and successfully developed new business opportunities based on sustainable technologies for global markets. Previously, he held various international positions for Siemens AG and leading positions at Mahle.
Warren East, CEO, Rolls-Royce, said: "I would like to welcome Dr Jörg Stratmann to the Rolls-Royce leadership team. He brings with him extensive experience of the energy transition and how it opens up valuable growth opportunities, which will benefit the whole group. He also has a record of driving operational performance and efficiency improvements, which will assist Power Systems as it continues to sharpen its focus on the profitability of the core mtu business."
Tufan Erginbilgic, who will take over as Rolls-Royce CEO from 1 January 2023, was closely involved in the recruitment process. He said: "I look forward to working with Jörg and the wider team at Power Systems as we deliver profitable growth from the strong order book and generate further value from its strategic move to more sustainable power solutions."
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About Rolls-Royce Holdings plc
1. Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.
2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
3. Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and we invested £1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
4. Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69)