Rolls-Royce names Ex-BP executive Tufan Erginbilgic as CEO to succeed East

Tufan Erginbilgic, 62, spent 20 years at BP Plc, and in his most recent role before leaving in 2020 led the firm's downstream business

Rolls-Royce Holdings Plc named oil-industry veteran Tufan Erginbilgic as its next chief executive officer, replacing Warren East when he steps down at the end of this year.
 

Erginbilgic, 62, spent 20 years at BP Plc, and in his most recent role before leaving in 2020 led the firm’s downstream business, responsible for refining, petrochemicals and service-station activities, London-based Rolls said in a statement Tuesday. He is currently a partner at private-equity firm Global Infrastructure Partners.

The shares were little changed in early trade in London. The stock has fallen since Rolls announced East would step down, amounting to a 25%