Rolls-Royce has urged the UK government to enter formal negotiations over the funding for small nuclear reactors, which it hopes to build in England or Wales by the early part of next decade. Tom Samson, head of the company’s small modular reactor business, told a committee of MPs on Wednesday that Britain would face an … Read more
Rolls-Royce has named a private equity partner and former BP executive to succeed Warren East as the company’s chief executive. The FTSE 100 engineering group said on Tuesday that Tufan Erginbilgic would take up the role at the start of next year. Erginbilgic, 62, is a partner at Global Infrastructure Partners, a private equity firm … Read more
Aero-engine maker Rolls-Royce on Tuesday named former BP executive Tufan Erginbilgic as its new CEO, succeeding Warren East who is stepping down at the end of the year. The British group, which also has defence and power-systems units, said Erginbilgic would take up his new role on Jan. 1. East, who announced his departure in … Read more