Aircraft engine maker Rolls-Royce has turned to one of Britain's most successful technology executives, Warren East, to restore its fortunes after a year marred by falling profit, job cuts and canceled orders. The British company's surprise announcement on Wednesday said that John Rishton would retire in July after four years at the helm and will be succeeded by the former head of ARM Holdings , Britain's biggest listed technology company. East, who has been a non-executive director of Rolls-Royce since January last year, was chief executive of ARM between 2001 and 2013, overseeing its expansion as a leading developer of microchips for the likes of Apple and Samsung . Shares in Rolls-Royce rose to an eight-month high in early trading, with JP Morgan upgrading the stock to "hold" from "underweight".
via Health News Headlines - Yahoo News http://ift.tt/1OdgEHU
No comments:
Post a Comment