Rolls-Royce Holdings plc (Firm or Group) is happy to announce that it has appointed Anita Frew as a Non-Government Director and Chair Designate. Anita will be part of the Board with impact from July 1, 2021 and can succeed Sir Ian Davis as Chair on October 1, 2021. Sir Ian will retire from the Board on September 30, 2021, after almost 9 years as Chairman. On becoming a member of the Board, Anita can be appointed to the Nominations & Governance Committee and can succeed Sir Ian as Chair of that Committee on October 1, 2021. Rolls-Royce additionally immediately pronounces the appointment of Mike Manley as a Non-Government Director.
Anita Frew is at the moment chair of Croda plc, the science, expertise and chemical compounds group and a non-executive director of BHP Group, a world sources firm. Till not too long ago she was the deputy chairman and senior impartial director of Lloyds Banking Group PLC and has additionally held chair and board roles in firms in industrial, engineering and utilities sectors.
Sir Kevin Smith, Senior Unbiased Director, mentioned: “Anita is the unanimous and clear selection of the Nominations & Governance Committee and her proposed appointment has been warmly endorsed by your entire Board.
The Firm carried out a complete search and Anita emerged because the excellent candidate. She brings a wealth of expertise from twenty years of Board appointments each within the UK and internationally and her abilities, and popularity with traders and authorities establishments can be invaluable to the Group. I’m delighted to welcome Anita to the Board and as Chair Designate.
On behalf of the Board I wish to thank Ian for his excellent contribution as Chairman over nearly 9 years of service. His management, steering and resilience has been integral to the Group’s progress and ongoing transformation. He has introduced the Board a lot nearer to the workers and can be missed by individuals in any respect ranges of the organisation. Ian has been an distinctive ambassador for Rolls-Royce.”
Sir Ian Davis mentioned: “Rolls-Royce is a pioneering firm with super potential and it has been an enormous privilege and duty to be its Chairman. I’m immensely grateful to my fellow Board members for his or her assist and onerous work throughout my tenure as Chairman. I want Anita each success as she joins the Board at a really thrilling time for Rolls-Royce as we ship a extra sustainable agenda.”
Anita Frew commented: “It’s an honour and privilege to hitch the Board of Rolls-Royce and to succeed Sir Ian as Chairman. I look ahead to working with the Board, Warren East and the management group to assist the subsequent stage of the Group’s improvement.”
Warren East, CEO, mentioned: “I wish to thank Ian for his steadfast management, steering and unwavering assist throughout a vital interval for the Group, each strategically and operationally. Ian has performed a key function in contributing to Rolls-Royce’s future and on behalf of the Government Staff and all our workers, I wish to want him nicely for the long run. I’m delighted to welcome Anita to Rolls-Royce, together with her intensive expertise and management I look ahead to working together with her.”
The Administrators have decided that upon appointment Anita Frew can be impartial.
Mike Manley will be part of the Board with impact from July 1, 2021 and, on appointment, he’ll turn into a member of the Nominations & Governance Committee and the Science & Know-how Committee. He’s at the moment head of Americas of Stellantis N.V. and a member of their government group. He joined Fiat Chrysler Vehicles N.V. in 2011 and has held quite a few senior government positions, together with chief working officer for each the APAC area and NAFTA areas. He was chief government officer of Fiat Chrysler Vehicles N.V. from July 2018 to January 2021, previous to its merger with Groupe PSA. Previous to becoming a member of Fiat, Mike held roles with Daimler/Chrysler, RAC, Basic Motors and Renault.
Sir Ian Davis mentioned: “I’m delighted to welcome Mike to our Board. He’s extremely worldwide in each his expertise and method, having led companies in Europe, Asia and the US. His expertise of driving a digitally-focused transformation programme, alongside his insights into electrification and energy administration extra usually will undoubtedly add worth to the Board’s discussions.”
Mike Manley added: “I’m delighted to be becoming a member of the Rolls-Royce Board. I’m trying ahead to being a part of such an icon of world engineering at a time of serious change and alternative.”
Anita Frew is a UK nationwide. In accordance with the Itemizing Guidelines, there aren’t any extra issues that will require disclosure below 9.6.13R of the Itemizing Guidelines of the UK Monetary Conduct Authority in respect of her appointment.
In accordance with the Itemizing Guidelines, in respect of Mike Manley, there aren’t any extra issues that will require disclosure below 9.6.13R of the Itemizing Guidelines of the UK Monetary Conduct Authority in respect of his appointment.