Mike Manley appoint to Rolls-Royce’s Board as Exor takes Stake

[AlexB]

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.

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This comes at interesting time as Exor took an stock position in Rolls-Royce last year:

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.

Breakingviews - Capital Calls - Rolls-Royce boss straps himself in tighter

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[AlexB]

FIAT’s/FCA/Stellantis’s largest investor is Exor whom’s Chairman and CEO is also Stellantis Executive and Board Chairman is John Elkann.

Manley is in charge of both Stellantis North & South America (The Americas).
Just to be clear, the Rolls-Royce in subject matter is the Engine Manufacturer,NOT THE Automobile Brand owned by BMW.