Rolls-Royce Tries to Keep Gains Going With Bold Bets
- Stock is best performer on the UK FTSE 100 Index this year
- CEO says he wants to reposition company for the long term
A Rolls-Royce UltraFan engine.
Photographer: Rolls-Royce Archive/Getty Images
This article is for subscribers only.
In the space of a year, Rolls-Royce Holdings Plc has gone from being derided as a “burning platform” by its own chief executive officer to achieving by far the best annual return of any company across Europe.
But Tufan Erginbilgic, who took over as CEO in January, says he’s not guided by quick wins, focusing his sights instead into the latter part of the decade and beyond. That’s when the former BP Plc executive says Rolls-Royce’s overhaul will really bear fruit, making the company nimbler and vastly more profitable as a result.