Executive Appointments at Rolls-Royce; Helen
McCabe Named CFO
Rolls-Royce has made the following changes to
its Board and Executive Team.
Helen McCabe will be joining the Board of Rolls-Royce later this
year as Chief Financial Officer, bringing more than 25 years of
experience in senior finance and performance management roles
within complex multinational engineering organisations.
currently Senior Vice President, Finance for the Customer &
Products division of BP, which runs the company’s customer-focused
business which reported EBITDA of $13.7b last year. Its
wide-ranging global operations include lubricants, specialist
fuels, bioenergy and electric vehicle charging, alongside a global
network of more than 20,000 fuel stations. She also holds
accountabilities for BP’s global refining portfolio.
considerable international experience having previously been Chief
Financial Officer of BP Downstream’s fuels and refining Europe &
Southern Africa businesses. Prior to that, she spent four years as
Head of Planning and Performance Management for the downstream
division, helping to drive the successful transformation of the
business and dramatically improve its financial returns.
Rolls-Royce has not yet officially confirmed the exact date on which
Helen will take up her new position though the company has
confirmed that Panos Kakoullis will remain as Chief Financial
Officer and a member of the Board until at least 31 August 2023.
“I look forward to welcoming Helen to my
leadership team,” said Tufan Erginbilgic, Chief Executive. “Her track record of promoting rigorous financial
discipline and experience of delivering performance management to
achieve dramatic improvements will be invaluable as we move, at
pace, to transform Rolls-Royce. I have experienced her abilities
first-hand and her skillset will complement the existing
capabilities of the Executive Team, contributing to Rolls-Royce
delivering on its significant potential. I would also like to
extend my thanks to Panos for his dedication to Rolls-Royce and
support to me since my arrival.”
Watson has been appointed as President – Civil Aerospace with
Rob has spent the past five years building
capabilities in electric aviation and during that time has
demonstrated his ability to develop new technologies and products
within a tight budgetary framework.
Rob joined the Executive Team last year as President – Rolls-Royce
Electrical and has been with Rolls-Royce for 13 years. He
previously held leadership positions in Defence aerospace as well
as working as Chief of Staff to the Chief Executive.
experience with dealing with customers in critical, growing,
international aviation markets having previously been Regional
Director, Middle East, and responsible for Defence customers in
Chris Cholerton is
moving from his position as President – Civil Aerospace to become
Group President, having successfully led the Civil Aerospace
business through some of the greatest challenges in its history.
As part of his
new role, Chris will take on executive responsibility
for the group’s nuclear operations. That includes Rolls-Royce
Submarines, and the role of Interim CEO of Rolls-Royce SMR while a
search is conducted for a successor to Tom Samson who is leaving
with immediate effect.
As Group President,
Chris will also provide oversight of certain group-wide
operational activities including health and safety.
Riddle has been appointed President – Defence, and Chairman & CEO
– Rolls-Royce North America with immediate effect.
Adam has spent
nearly a decade in Defence and played a pivotal role in the recent
success of the division in clinching key contracts which will
generate multi-year returns. He most recently led its successful
global services operations, which account for over half of annual
revenues for Defence.
In his previous role as Director of Strategy
& Future Programmes, he was instrumental in the business securing
the strategically important long-term contracts to re-engine the
US Air Force’s B-52 aircraft and provide the propulsion system for
the V-280 Valor for the US Army’s Future Long-Range Assault
Aircraft (FLRAA) Program.
Prior to Rolls-Royce, Adam worked within
the defence operations of Boeing. He is a graduate of the United
States Military Academy, West Point, and served as an Armor
Officer in the US Army.
“I would like to congratulate both Rob and Adam as they
take up their new roles,” said Mr. Erginbilgic. “Both are highly experienced leaders and
will bring renewed energy and a determination to succeed to Civil
Aerospace and Defence. Their appointments are also evidence of the
pipeline of senior talent which exists within Rolls-Royce. With
the leadership changes announced today we are acting at pace and
gaining the momentum we need to transform Rolls-Royce. Together,
my leadership team has a winning mindset, strong strategic
alignment and a shared ambition to make Rolls-Royce a company that
delivers for all stakeholders.”
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