Rolls-Royce names new chief technology officer

The Chief Technology Officer (CTO) of Rolls-Royce is stepping down after 12 years of service. Zaven Boyrazian looks at his successor.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

Engineering giant Rolls-Royce (LSE:RR) has appointed Grazia Vittadini as its new Chief Technology Officer (CTO) on its board of directors. She will be replacing Paul Stein in the first quarter of 2022. Stein has been CTO for nearly 12 years and guided the company through what it calls “one of the most intense R&D periods” of its history. He will continue to contribute as chairman of the Rolls-Royce SMR venture, which specialises in low-cost, low-carbon modular reactors.

Who is Grazia Vittadini?

Vittadini is a trained aerospace engineer. She has spent the last 20 years at Airbus in a number of roles, including CTO. And she was responsible for the firm’s shift toward developing sustainable technologies. Specifically, she drove the focus on electrification and hydrogen-based propulsion, among other things.

In the words of Rolls-Royce CEO Warren East: “She brings with her extensive expertise in the emerging and disruptive technologies that will help us on our journey to net-zero.” Vittadini is set to join the firm on 2 November, where she will be transitioned into the role.

The Rolls Royce share price has its risks

An additional departure from Rolls-Royce

Beyond the switch of CTO, Roll-Royce’s Chief People Officer Harry Holt is also stepping down. The search for his successor is currently well under way. In fact, his replacement is expected to be announced within the next few weeks. After a decade of improving diversity and corporate culture, Holt will depart at the end of 2021. He’s set to become Chief Operating Officer at Vertical Aerospace.

Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

More on Investing Articles

Investing Articles

£10,000 buys 373 shares in this FTSE 100 heavyweight that’s tipped to surve in 2026

With analysts expecting the stock to climb 54% in the next 12 months, is now the perfect time for investors…

Read more »

This way, That way, The other way - pointing in different directions
Investing Articles

Are BP shares a slam-dunk buy as oil prices rocket – or is there a hidden danger?

As the oil price rises, investors might expect BP shares to follow. But Harvey Jones warns it may not play…

Read more »

Investing Articles

2 growth stocks to consider buying for an ISA in March

Here are two growth stocks I think are worth considering buying. Both have stumbled recently, even though the underlying businesses…

Read more »

Close-up of a woman holding modern polymer ten, twenty and fifty pound notes.
Investing Articles

How long might a Stocks and Shares ISA take to earn a £950 monthly second income?

Christopher Ruane explains how someone could seek to turn a Stocks and Shares ISA into a source of monthly passive…

Read more »

British pound data
Investing Articles

Get yourself ready for a violent stock market crash!

The FTSE 100 is sinking, raising fears of a fresh stock market crash. What are you doing about it? Here's…

Read more »

ISA Individual Savings Account
Investing Articles

Hands up, who’s dreaming of a million in a Stocks and Shares ISA?

How to make a million in a Stocks and Shares ISA, that's what headlines keep banging on about. Let's look…

Read more »

British Pennies on a Pound Note
Investing Articles

OK, who’s dreaming of making a million from red-hot penny shares?

Investors in penny shares can sound like the most upbeat optimists there are. It can work, but hopes need to…

Read more »

Three generation family are playing football together in a field. There are two boys, their father and their grandfather.
Investing Articles

Could this ultra-high-yielding FTSE 100 passive income gem quietly fund my retirement?

With rising payouts, strong cash generation and impressive earnings forecasts, this FTSE 100 dividend gem may be developing into a…

Read more »