rolls-royce holdings-sp adr (RYCEY) Key Developments
Rolls Royce Holdings plc Wins Order from CIT to Power 23 Aircraft
May 22 13
Rolls Royce Holdings plc has won an order from US leasing company CIT Aerospace for Trent XWB engines to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order. The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft's first in-service flight in 2014.
Rolls Royce Holdings plc Appoints John Gay as Regional Director for the Middle East Region
May 12 13
Rolls Royce Holdings plc has announced the appointment of John Gay as its new regional director for the Middle East region. John takes over from Dr. Rob Watson, who will be moving to Bristol to take on the position of senior VP Customer Business Asia-Pacific within the Defence business. He will be based at the company's office in Abu Dhabi. John moves to the Middle East after a two year posting in India, where he served as Rolls-Royce's senior VP of Defence Aerospace in South Asia. He began his career with the company at 16 as a technician apprentice and has held a number of key business roles including international assignments in Europe, South America and India.
Rolls Royce Holdings plc Announces Departure of Mark King as President of Aerospace
May 3 13
Rolls Royce Holdings plc announced the departure of Mark King as president of aerospace is a setback for Rolls-Royce. King was head of a division that accounted for three-quarters of the company's revenues in 2012 and has been the star performer over the last two decades. King, who has been with the company since 1986 in a variety of roles, has been at the centre of this and had relationships with the key players in the industry, such as Airbus, Boeing and the airlines.
Rolls Royce Holdings plc Announces Board Changes
May 2 13
Rolls Royce Holdings plc announced that Iain Conn will take over as chairman of the ethics committee from Ian Strachan who has stood down as a director at the company's annual general meeting held on May 2, 2013. Iain Conn will continue in his role as senior independent director.
Rolls Royce Holdings plc Announces Executive Changes
May 2 13
Rolls Royce Holdings plc announced that Tony Wood has been appointed as President of Aerospace and will take up his new role on May 13. He replaces Mark King who has decided to resign from the company at the end of June. Tony, presently President - Marine, has worked for the company for 12 years and has experience in both the Civil Aerospace and Defence Aerospace businesses. Lawrie Haynes, currently President - Nuclear, is appointed to a new position, President - Marine & Nuclear.