Rolls-Royce Holdings Plc

Sector: Aircraft Engines And Engine Parts Region: United Kingdom

Exchange/Ticker: London Stock Exchange: RR | OTC Bulletin Board: RYCEY | Frankfurt Stock Exchange: RRU

Company Description

Rolls-Royce Holdings Plc is a group holding company, which provides power solutions for customers in civil and defense aerospace, marine and energy markets. It is a provider of integrated power systems and services to the civil aerospace, defense aerospace, marine and energy markets. The company operates through four segments: Civil Aerospace, Defense Aerospace, Marine and Energy. The Civil Aerospace segment engages in the development, manufacture, marketing and sales of commercial aero engines and aftermarket services. The Defense Aerospace segment engages in the development, manufacture, marketing and sales of military aero engines and aftermarket services. The Marine segment engages in the development, manufacture, marketing and sales of marine-power propulsion systems and aftermarket services. The Energy segment engages in the development, manufacture, marketing and sales of power systems for the offshore oil and gas industry and electrical power generation and aftermarket services. The origins of the business of the company go back to Henry Royce and CS Rolls, the compatibility of whose business interests led to the formation of the original Rolls-Royce Limited in 1906. Rolls-Royce Plc was both the main trading company until 2003. Rolls-Royce Group Plc became the ultimate holding company of the group after the approval of shareholders in June 2003. Rolls-Royce Holdings was incorporated in February 2011 as a new holding company for the entire group. It is headquartered in London, the United Kingdom.

Similar to: BBA Aviation Plc, Saab AB

Featured Media

Rolls-Royce Jet Engine Manufacturing Plant: American Jobs and Industry

Executives

John Rishton, Chief Executive Officer

In April 2011 John Rishton became Chief Executive Officer of Rolls-Royce succeeding Sir John Rose. John Rishton was appointed as a Non-Executive Director of Rolls-Royce in 2007 and served as Chairman of the Audit Committee as well as being a member of the Ethics and Nominations Committees. John was Chief Executive Officer of Royal Ahold, the global retail group, from 2005 March 2011. Previously he had been a senior executive at British Airways Plc where he served as Chief Financial Officer from 2001 to 2005. John began his career in 1979 at Ford Motor Company and held a variety of positions both in the UK and in Europe. He is a former Non-Executive Director of Allied Domecq. He is 53.

Mike Terrett, Chief Operating Officer

Mike Terrett was appointed Chief Operating Officer in September 2007. Prior to that he was President - Civil Aerospace, responsible for the strategy and performance of the Civil Aerospace business. Previously he was Managing Director of Airlines, and before that he was President and Chief Executive Officer of International Aero Engines (IAE) based in East Hartford, Connecticut, US. Mike joined Rolls-Royce in 1978, and his career has included a number of senior positions in the development of new aero engine programmes. Before moving to IAE he was Project Director of RB211 and Trent 700 engines, and prior to that was deeply involved in development of the Trent 800 from design to entry into service, culminating in his appointment as Chief Engineer on that programme. Mike was a member of the Rolls-Royce team that won the 1996 MacRobert Award for Innovation in Engineering, and a year later was awarded the Royal Academy of Engineering silver medal for outstanding personal contribution to British engineering, in particular for his work on Trent engines. He is also a member of the Institute of Mechanical Engineers and Fellow of Royal Aeronautical Society. He is a Director of International Aero Engines AG, Rolls-Royce Capital Limited, and the Supervisory Board of Rolls-Royce General Partner KG, the parent of Rolls-Royce Deutschland GMBH. Born in Rhondda, Mid Glamorgan, he was educated at Newman School, Pontypridd and the University of Durham, where he graduated with a First in Engineering Science. He is married with three young sons. His interests are rugby, soccer and family.

Mark Morris, Finance Director

Mark Morris joined Rolls-Royce in 1986 as a graduate with a degree in Aeronautical Engineering from the University of Manchester. After a period in the graduate training scheme, Mark joined the Group's Treasury department in 1988. During his initial five years within the Treasury Group, Mark held a number of management posts. Prior to becoming the Financial Risk Manager in 1991, Mark was responsible for the management of the Group's foreign exchange activities, investments and borrowings. In 1994, Mark joined the Group's Customer Financing division where he was responsible for aircraft financing, aircraft trading and the development of Rolls-Royce Capital Limited. In 1995 Mark took a secondment to the USA, as Treasurer for IAE International Aero Engines AG, a joint venture between United Technologies Corporation and Rolls-Royce with an annual turnover of c. US$5 billion. Mark was Group Treasurer for Rolls-Royce plc from 2001–2011 and was responsible for Rolls-Royce Capital Limited, the Mergers & Acquisitions group and the Group's pensions risk management activities. Mark assumed his position as Finance Director on 1 January 2012.

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