Rolls-Royce (LON:RR) has announced the appointment of George Culmer as a Non-Executive Director. He will join the Board with effect from 2 January 2020 and will become a member of the Nominations and Governance Committee, the Audit Committee and its sub-committee that considers cyber and data security and the Safety, Ethics and Sustainability Committee.
George is a qualified UK Chartered Accountant and until recently was Chief Financial Officer at Lloyds Banking Group (Lloyds), a FTSE 100 financial services company. During his time with Lloyds, George helped deliver a strong, sustainable financial performance. He played a key role in the bank’s transformation and restoration to public ownership. George is also a non-executive director of Aviva plc.
Prior to his appointment at Lloyds, George served as Group Financial Officer at RSA Insurance Group (RSA) from 2004 to 2012. Before joining RSA, he held finance roles at Zurich Financial Services both in the UK and Switzerland between 2000 and 2004. Prior to this, George spent ten years with Prudential, where he was Head of Investor Relations and then Group Financial Controller. George began his career as an accountant with PwC and has a degree in history from the University of Cambridge.
Ian Davis, Chairman of Rolls-Royce, said: “I am delighted to welcome George to our Board. He has well rounded finance experience gained in large international, highly regulated groups and has proven business leadership credentials. We are looking forward to working with him.”
George Culmer said: “I am delighted to be joining the Rolls-Royce Board. I am looking forward to making a contribution to the future of this pre-eminent brand.”
Save as disclosed above, there are [no] further details to disclose under paragraphs 9.6.13 R (1) to (6) of the Listing Rules in respect of George Culmer.
1. Rolls-Royce pioneers cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet’s vital power needs.
2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.
3. Annual underlying revenue was £15 billion in 2018, around half of which came from the provision of aftermarket services.
4. In 2018, Rolls-Royce invested £1.4 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
5. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.