Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,608.44
    -1,131.91 (-2.19%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

Rolls-Royce's CEO Rishton to retire, Warren East to succeed

Reuters - UK Focus

LONDON, April 22 (Reuters) - Rolls-Royce Holdings, the British maker of aircraft engines, said its Chief Executive John Rishton would retire in July, and be succeeded by Warren East, the former leader of Britain's biggest listed technology company ARM.

East, who has been a non-executive director of Rolls-Royce since January 2014, was chief executive of ARM between 2001 and 2013, and oversaw the growth of the Cambridge-based firm into a leading developer of chips for companies like Apple (NasdaqGS: AAPL - news) .

Rishton, who stands down on July 2 to seek a change in lifestyle, has been chief executive of Rolls-Royce since 2011, overseeing a difficult period for the company. (Reporting by Paul Sandle; editing by Kate Holton)