Rolls-Royce chief to step down
ENGINE giant Rolls-Royce announced today that chief executive Sir John Rose is standing down after more than 14 years at the helm.
Sir John will clock off at the end of March, having been in the post since May 1996 and notched up a 26-year career with the FTSE 100 Index-listed firm.
His successor has been named as former British Airways finance chief John Rishton, currently the boss at Dutch retail group Royal Ahold, who has also been a non-executive director at Rolls since 2007.
Rolls-Royce chairman Sir Simon Robertson paid tribute to Sir John's "leadership, strategic vision and tenacity" during his time at the helm of the civil aerospace and defence firm.