Rolls-Royce Appoints Daily Mail's Stephen Daintith as CFO
September 22 2016 - 2:55AM
Dow Jones News
By Ian Walker
LONDON--Rolls-Royce Holdings PLC (RR.LN) said Thursday it has
appointed Daily Mail & General Trust PLC's (DMGT.LN) Chief
Financial Officer Stephen Daintith to replace CFO David Smith who
is leaving the British aircraft engine maker after three years to
pursue other business interests.
Rolls-Royce said Mr. Daintith will join the company in 2017, and
Mr. Smith will remain in his role into the new year to ensure an
effective transition.
Rolls-Royce Chief Executive Warren East said: "I am delighted to
welcome Stephen to Rolls-Royce as chief financial officer and as a
board colleague. His deep understanding of international business
and his record of achievement in change management are particularly
relevant to Rolls-Royce as we build our business and respond to the
growing global requirement for our technology".
Separately Daily Mail confirmed that Mr. Daintith had resigned
to go to Rolls-Royce, and said it has started a search for his
replacement.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
September 22, 2016 02:40 ET (06:40 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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