Rolls-Royce names Anita Frew as new chair
Reuters
Published Jun 09, 2021 07:25
LONDON (Reuters) - Rolls-Royce (LON:RR) said that Anita Frew would succeed Ian Davis as chair on Oct. 1 2021, making her the first woman to chair the British aero-engine company when Davis retires after nine years in the role.
Frew, 63, is currently chair of science and chemicals group Croda and a non-executive director of mining giant BHP Group.
Rolls-Royce's senior independent director Kevin Smith said that Frew was the clear choice to lead the group as he thanked Davis for his service.
"The company conducted a comprehensive search and Anita emerged as the outstanding candidate," Smith said in a statement from Rolls on Wednesday.
She joins Rolls-Royce as it seeks to recover from the pandemic. Much of its income from airline customers dried up last year when travel stopped and it has cut costs, taken on debt and raised equity to survive.
Frew joins the board on July 1.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.