British aero-engine maker Rolls-Royce Holdings Plc is beginning a search for its next chairman, Sky News reported on Saturday.
Rolls-Royce’s board has begun the process of identifying a successor to Ian Davis, the report said, adding an appointment was unlikely to be announced until well into next year. “The chairman will have served nine years in March 2022 and it is best practice that he will stand down by then,” Rolls-Royce said in an e-mailed statement.
“The Board will ensure an orderly transition.”
Davis was appointed as chairman in May 2013, according to the company’s website. — Reuters
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