Rolls-Royce announces Anita Frew to its Board as Independent Director and Chair-designate alongside Mike Manley joining as Non-Executive Director

– UK, London –  Rolls-Royce Holdings plc (LON: RR) today announced the appointment of Anita Frew to its Board as an Independent Non-Executive Director effective from 1 July 2021, to succeed Sir Ian Davis as Board Chair on 1 October 2021.

Sir Ian will retire from the Board on 30 September 2021, after nearly nine years as Chairman.

Anita will be appointed to the Nominations & Governance Committee and will succeed Sir Ian as Chair of that Committee on 1 October 2021. She brings a wealth of experience from two decades of Board appointments both in the UK and internationally and her skills, and reputation with investors and government institutions will be invaluable to the Group. I am delighted to welcome Anita to the Board and as Chair Designate.

Sir Kevin Smith, Senior Independent Director, said: “Anita is the unanimous and clear choice of the Nominations & Governance Committee and her proposed appointment has been warmly endorsed by the entire Board.”

Sir Ian Davis said: “Rolls-Royce is a pioneering company with tremendous potential and it has been a huge privilege and responsibility to be its Chairman. I am immensely grateful to my fellow Board members for their support and hard work during my tenure as Chairman. I wish Anita every success as she joins the Board at a very exciting time for Rolls-Royce as we deliver a more sustainable agenda.”

Warren East, CEO said: “I would like to thank Ian for his steadfast leadership, guidance, and unwavering support during a crucial period for the Group, both strategically and operationally. Ian has played a key role in contributing to Rolls-Royce’s future and on behalf of the Executive Team and all our employees, I would like to wish him well for the future. I am delighted to welcome Anita to Rolls-Royce, with her extensive experience and leadership I look forward to working with her.”

The company also announced the appointment of Mike Manley as a Non-Executive Director, effective from 1 July 2021 and he will become a member of the Nominations & Governance Committee and the Science & Technology Committee.

Sir Ian Davis said: “I am delighted to welcome Mike to our Board. He is highly international in both his experience and approach, having led businesses in Europe, Asia, and the US. His experience of driving a digitally-focused transformation program, alongside his insights into electrification and power management more generally will undoubtedly add value to the Board’s discussions.”

About Anita Frew

Anita Frew is currently chair of Croda plc, the science, technology, and chemicals group, and a non-executive director of BHP Group, a global resources company. Until recently she was the deputy chairman and senior independent director of Lloyds Banking Group PLC and has also held chair and board roles in companies in the industrial, engineering, and utility sectors.

Anita Frew commented: “It is an honor and privilege to join the Board of Rolls-Royce and to succeed Sir Ian as Chairman. I look forward to working with the Board, Warren East, and the leadership team to support the next stage of the Group’s development.”

About Mike Manley

Mike Manley is currently head of Americas of Stellantis N.V. and a member of their executive team. He joined Fiat Chrysler Automobiles N.V. in 2011 and has held several senior executive positions, including COO for both the APAC region and NAFTA regions. He was CEO of Fiat Chrysler Automobiles N.V. from July 2018 to January 2021, before its merger with Groupe PSA. Before joining Fiat, Mike held roles with Daimler/Chrysler, RAC, General Motors, and Renault.

Mike Manley said: “I am delighted to be joining the Rolls-Royce Board. I am looking forward to being part of such an icon of global engineering at a time of significant change and opportunity.”

About Rolls-Royce Holdings plc

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 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate to achieve net-zero carbon by 2050.

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.

Annual underlying revenue was £11.76 billion in 2020 and we invested £1.25 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.

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