LONDON, 20-Apr-2017 — /EuropaWire/ — Rolls-Royce announces today that Paul Stein has been appointed as Chief Technology Officer, reporting to Chief Executive Warren East.
In his new role, Paul will be accountable for Rolls-Royce’s technology investment and for ensuring its close alignment with business strategy. He will be responsible for technology investment across the business.
Currently Research & Technology Director, Paul joined Rolls-Royce in 2010 as Chief Scientific Officer. Previously he was Director General, Science and Technology at the UK Ministry of Defence, responsible for national investment in defence science and technology. Prior to that role, Paul was Managing Director of Roke Manor Research, at that time owned by Siemens and was a member of the Siemens UK executive management board, leading on technology and contributing to business strategy.
Warren East said: “Technology has never been more important to us as a company. We live in a rapidly changing world and we have to not only anticipate, but shape future technology. In his new role, Paul is accountable for maximising our competitive advantage from the group’s technology investment and for ensuring that our technology strategy aligns closely with business strategy.”
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About Rolls-Royce Holdings plc
- Rolls-Royce’s vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
- Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
- We have three common themes across all our businesses:
- Investing in and developing engineering excellence
- Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
- Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
- Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £80 billion at the end of 2016.
- In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.
SOURCE: Rolls-Royce plc
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