ROLLS-ROYCE HOLDINGS PLC: Rolls-Royce Announces Retirement of Mike Terrett, COO
09 November 2012
ROLLS-ROYCE ANNOUNCES RETIREMENT OF MIKE TERRETT
CHIEF OPERATING OFFICER
Rolls-Royce announced today that Mike Terrett, Chief Operating Officer, has
decided to retire at the end of the year. Mike has worked for Rolls-Royce for
34 years and has been instrumental in shaping the current success of the
business. Mike, an engineer, started as a graduate apprentice in Derby in 1978.
He has succeeded in many roles since then, including as the Chief Engineer on
the Trent 800 programme, President and CEO, International Aero Engines (IAE)
and President Civil Aerospace. He was appointed Chief Operating Officer and a
member of the Rolls-Royce Board in 2007.
John Rishton, CEO of Rolls-Royce said: "I would like to thank Mike for his
leadership, the enormous contribution he has made to Rolls-Royce over many
years and for the personal support he has given to me.
"Thank you Mike: enjoy a long, healthy and happy retirement".
For further information, please contact:
Director - Investor Relations
Tel: +44 (0)20 7227 9237
Director of External Communications
Tel: +44 (0)20 7227 9163
Notes to Editors:
1. Rolls-Royce is a world-leading provider of power systems and services for
use on land, at sea and in the air, and has established a strong position in
global markets - civil aerospace, defence aerospace, marine and energy.
2. As a result of this strategy, Rolls-Royce has a broad customer base
comprising more than 500 airlines, 4,000 corporate and utility aircraft and
helicopter operators, 160 armed forces, more than 4,000 marine customers,
including 70 navies, and energy customers in more than 80 countries.
3. Annual underlying revenue was £11.3 billion in 2011, of which more than
came from the provision of services. The firm and announced order book stood at
£60.1 billion at 30 June 2012, providing visibility of future levels of
4. Rolls-Royce employs over 40,000 people in offices, manufacturing and service
facilities in over 50 countries. Over 11,000 of these employees are engineers.
5. In 2011, Rolls-Royce invested £908 million on research and development, two
thirds of which had the objective of further improving the environmental
performance of its products, in particular reducing emissions.
6. Rolls-Royce supports a global network of 28 University Technology Centres,
which connect the company's engineers with the forefront of scientific
7. The Group has a strong commitment to apprentice and graduate recruitment and
to further developing employee skills.
-0- Nov/09/2012 07:05 GMT
Press spacebar to pause and continue. Press esc to stop.