Rolls-Royce’s restructuring continues

Rolls-Royce’s restructuring continues

Rolls-Royce’s restructuring continues with a new senior management structure announced.

The current divisional structure of Aerospace and Land & Sea will end, removing a layer of senior management. From 1 January 2016, Rolls-Royce will operate as five market facing businesses, with the presidents of Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems reporting directly to the chief executive. Mikael Makinen will continue as president of the marine division.

The new structure is part of a restructuring designed to make annual cost savings of up to $250m by 2017.

Warren East, chief executive, commented: “The changes we are announcing today are the first important steps in driving operational excellence and returning Rolls-Royce to its long-term trend of profitable growth.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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