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Share Name Share Symbol Market Type Share ISIN Share Description
Rolls-royce Holdings Plc LSE:RR. London Ordinary Share GB00B63H8491 ORD SHS 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.13 3.77% 86.08 85.75 85.80 87.66 81.76 82.64 31,138,999 16:35:20
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Aerospace & Defence 11,218.0 -294.0 1.4 59.8 7,203

Rolls-Royce Holdings plc Rolls-Royce appoints Rob Watson to Executive Team

10/01/2022 10:05am

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RNS Number : 9283X

Rolls-Royce Holdings plc

10 January 2022

10 January 2022

ROLLS-ROYCE APPOINTS ROB WATSON TO EXECUTIVE TEAM

AS PRESIDENT - ELECTRICAL

Rolls-Royce (LSE:RR.,ADR:RYCEY) announces that Rob Watson has joined the Executive Team as President - Electrical with effect from 1 January 2022. Rob has led Rolls-Royce Electrical since October 2017, having previously held a number of senior corporate and business roles across the group during his ten year career with us. This follows our announcement, at our half year results, that from the beginning of this year we will report Rolls-Royce Electrical as a separate line item in our financial statements, alongside our three established business units and Rolls-Royce SMR.

Rolls-Royce Electrical offers aviation customers a complete electric propulsion system for their platform, whether that is an electric vertical takeoff and landing (eVTOL) or commuter aircraft. In 2021, Rolls-Royce Electrical announced partnerships with Vertical Aerospace, Eve and Tecnam and also staked the claim for the world's fastest all-electric aircraft with the Spirit of Innovation.

Warren East, CEO, Rolls-Royce, said: "Rob has played a fundamental role in building our Rolls-Royce Electrical business, which is leading us into exciting new advanced air mobility markets as we look to create significant commercial opportunities from the transition to net zero. I would like to welcome him to the Executive Team . "

For further information, please contact:

Sarah Jones

Marketing & Communications - Rolls-Royce Electrical

sarah.jones2@rolls-royce.com

M +44 (0)7968 906 469

Richard Wray

Director of External Communications & Brand

richard.wray@rolls-royce.com

M +44 (0)7810 850055

Notes to editors:

About Rolls-Royce Holdings plc

1. Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030. We joined the UN Race to Zero campaign in 2020, and have committed to ensuring our new products will be compatible with net zero operation by 2030, and all products will be compatible with net zero by 2050.

2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.

3. Annual underlying revenue was GBP11.76 billion in 2020 and we invested GBP1.25 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

4. Rolls-Royce Holdings plc is a publicly traded company (LSE:RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).

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January 10, 2022 05:05 ET (10:05 GMT)

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