Business
Directorate change & withdrawal of AGM resolution
Directorate change & withdrawal of AGM resolution.
About this update from Rolls-royce Holdings Plc
[{"type":"text","content":"\n\n10 May 2023\nRolls-Royce Holdings plc\n \nDIRECTOR APPOINTMENT, DIRECTORATE CHANGE, WITHDRAWAL OF AGM RESOLUTION AND CHANGES TO COMMITTEE STRUCTURE\n \nRolls-Royce Holdings (the Company) (LSE: RR., ADR: RYCEY) is pleased to announce that it will appoint Stuart Bradie as a Non-Executive Director with effect from the conclusion of the AGM on 11 May 2023. On joining the Board, Stuart will be appointed to the Nominations, Culture & Governance Committee and the Safety, Energy & Tech Committee.\nStuart is currently CEO of KBR, the US listed engineering and technical government services company. An engineer at heart, he has over 25 years' experience leading global, technically oriented businesses and has strong project management credentials.\nDame Anita Frew said: \"I am delighted to welcome Stuart to our Board. He brings an outstanding track record in driving strategic transformation and cultural change in international engineering businesses and will be a terrific addition to the Board.\" \nStuart Bradie added: \"I am delighted to be joining the Rolls-Royce Board. I am looking forward to contributing to the Rolls-Royce journey at a time of significant change and opportunity.\"\nIn accordance with the Listing Rules, in respect of Stuart Bradie, there are no additional matters that would require disclosure under 9.6.13R of the Listing Rules of the UK Financial Conduct Authority in respect of his appointment.\nThe Company also announces that Sir Kevin Smith, a Non-Executive Director of the Company, will step down from the Board having served almost eight years. Dame Anita Frew, Chair, said: \"I would like to thank Sir Kevin for his commitment and outstanding contribution to the Board during his tenure as a Non-Executive Director. He has provided significant guidance and insight as a Non-Executive Director and in his role as Chair of the Science & Technology Committee while also acting as Senior Independent Director until last year. He led the Chair succession process and has been instrumental in the CEO transition. We wish him well for the future\".\nAs a result, Sir Kevin Smith will not be standing for re-election at the Company's Annual General Meeting (AGM) to be held on Thursday, 11 May 2023. As the Company's AGM Notice has already been issued, the Company confirms that the res...