Rolls-Royce Shuffles Executive Ranks as Aerospace Head Quits

Rolls-Royce Holdings Plc, Europe’s largest maker of aircraft engines, announced the surprise departure of aerospace chief Mark King just four months after handing the 26-year company veteran a larger portfolio.

King, 48, “has decided to resign” and will go in June, replaced by Tony Wood, head of the ship-engine business, Rolls-Royce said in a statement. Lawrie Haynes takes on responsibility for the marine unit while remaining head of nuclear energy.