The Motley Fool

Rolls-Royce names new chief technology officer

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.

A Rolls-Royce employee works on an engine
Image: Rolls-Royce

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.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic… and with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool UK analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global upheaval…

We’re sharing the names in a special FREE investing report that you can download today. And if you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio.

Click here to claim your free copy now!

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.

One FTSE “Snowball Stock” With Runaway Revenues

Looking for new share ideas?

Grab this FREE report now.

Inside, you discover one FTSE company with a runaway snowball of profits.

From 2015-2019…

  • Revenues increased 38.6%.
  • Its net income went up 19.7 times!
  • Since 2012, revenues from regular users have almost DOUBLED

The opportunity here really is astounding.

In fact, one of its own board members recently snapped up 25,000 shares using their own money...

So why sit on the side lines a minute longer?

You could have the full details on this company right now.

Grab your free report – while it’s online.

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.

Our 6 'Best Buys Now' Shares

Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply click below to discover how you can take advantage of this.