Rolls-Royce also announced the appointment of Mike Manley as a Non-Executive Director.
Mike Manley will join the Board with effect from 1 July 2021 and, on appointment, he will become a member of the Nominations & Governance Committee and the Science & Technology Committee. He is currently head of Americas of Stellantis N.V. and member of their executive team.
CHOCKS AWAY. Rolls-Royce’s chief executive chose a good moment to double down on the struggling aero-engine maker. Over the next three years, Warren East will receive 30% of his base pay in shares, according to the 8 billion pound firm’s annual report released on Thursday. That ties his personal fortunes more closely to those of his employer. Happily for East, his declaration of faith coincided with another vote of confidence from Exor Chairman John Elkann.