Rolls Royce plc Announces Changes in CEO, Effective July 2015
Apr 30 15
Institution of Engineering and Technology Vice President Warren East has been named the new CEO of Rolls-Royce, replacing current chief John Rishton after a year of falling profits. East has served as Rolls-Royce's non-executive director since January last year. Previously, he was the CEO of ARM, between 2001 and 2013. East will take on the responsibility at Rolls-Royce in July 2015 after the retirement of his predecessor Rishton. East will face the difficult task of steering the company through an uneasy period, which has seen the jet-engine maker's profits fall due to the shrinking defence budgets of western countries. Rolls-Royce's business has also suffered from oil price crises, which have affected many of its customers in the gas and marine sector. 57-year-old Rishton is stepping down after 14 years as Rolls-Royce's CEO. He led the firm through a decade of economic growth, which ended last year with the announcement that the firm's profits could fall by up to 13%. Although the company admitted there were concerns among shareholders about the situation, Rishton's decision to retire was said to be completely voluntary.
Rolls Royce plc Announces Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 13 15
Rolls Royce plc announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of £13,736 million, operating profit of £1,390 million, profit before taxation of £146 million, loss for the year from continuing operations of £5 million, profit attributable to ordinary shareholders of £148 million, net cash inflow from operating activities of £826 million, additions of intangible assets of £477 million, purchases of property, plant and equipment of £648 million compared to the revenue of £14,642 million, operating profit of £1,480 million, profit before taxation of £1,960 million, profit for the year from continuing operations of £1,583 million, profit attributable to ordinary shareholders of £1,627 million, net cash inflow from operating activities of £1,713 million, additions of intangible assets of £503 million, purchases of property, plant and equipment of £669 million for the previous year.
Rolls Royce plc Presents at Merrill Lynch 2015 Payments and Card Conference, May-19-2015 09:15 AM
Mar 4 15
Rolls Royce plc Presents at Merrill Lynch 2015 Payments and Card Conference, May-19-2015 09:15 AM. Venue: Westin Kierland, 6902 E Greenway Pkwy, Scottsdale, Arizona, United States. Speakers: George Castlehow.