Friedrichshafen - The Supervisory Board of Rolls-Royce Power Systems has extended the contracts of CEO Andreas Schell and CFO Marcus A. Wassenberg by three years until December 2022.
“The Board of Directors at Rolls-Royce Power Systems has jointly stabilized business operations significantly over the past years to make this organization fit for the future. The recently published figures for fiscal 2018 are proof positive of this upturn,” said Axel Arendt, Chairman of the Supervisory Board. “In bringing the RRPS 2018 transformational change program to a successful conclusion, management and workforce have laid the cornerstone for the PS 2030 Strategy. Initial successes are already clearly visible. We can now continue steadily on our charted course under the ongoing aligned direction of the Board of Management,” he added.
Schell has been a member of the Executive Board of the Friedrichshafen-based engine manufacturer since January 1, 2017, and has been a member of the Executive Board of the Friedrichshafen-based engine manufacturer since January 1, 2015. Wassenberg operates globally with its MTU brand.
“The PS 2030 strategy aims at remodeling our whole corporate culture to make jobs at Rolls-Royce Power Systems more digital, switched on and secure,” said CFO Marcus A. Wassenberg.