Ian Davis appointed as new Chairman of Rolls-Royce

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LONDON (ShareCast) - Aerospace and defence company Rolls-Royce has appointed Ian Davis as the Chairman of the company, succeeding Sir Simon Robertson.

Davis will join the board as a non-executive Director on March 1st and take over from Robertson at the conclusion of the annual general meeting on May 2nd.

According to the company, Davis spent more than thirty years with McKinsey & Company, including six as Chairman and Worldwide Managing Director.

He currently serves as a non-executive Director, on the boards of BP (LSE: BP.L - news) and Johnson & Johnson (NYSE: JNJ - news) and is a non-executive member of the Cabinet Office Board.

Robertson said: "It has been a privilege and pleasure to lead Rolls-Royce through eight years of continuous growth. This is an exceptional company with exceptional prospects. I would like to welcome Ian onto the board.

"I am pleased to know I shall be succeeded by a man of his stature and international experience. I would like to thank my fellow board members, the management and the wider Rolls-Royce team for their commitment and support."

Commenting on his appointment, Davis said: "I am looking forward greatly to joining Rolls-Royce. Sir Simon has led the board with distinction during the past eight years. I am extremely excited by the prospect of building on the firm foundations that have been laid."

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