15th Feb 2021 06:30
(Alliance News) - Rolls-Royce Holdings PLC has selected Panos Kakoullis, a former partner at accountancy firm Deloitte, as its next chief financial officer, Sky News reported on Sunday.
The appointment will be announced as early as Monday morning, Sky said without citing sources.
While Kakoullis has no direct CFO experience, Sky quoted a former colleague as saying he is "ideally suited" to the job, having run Deloitte's global audit and assurance operations.
https://news.sky.com/story/covid-hit-rolls-royce-picks-ex-deloitte-partner-kakoullis-as-finance-chief-12217905
Kakoullis would replace Stephen Daintith, whose departure from Rolls-Royce was announced in August, having been appointed just under four years before. Daintith moved to online grocer Ocado Group PLC as its CFO.
Rolls-Royce is suffering from from the Covid-19 pandemic's impact on air travel. Earlier this month its was reported to be planning to shut down its jet engine factories this summer due to insufficient work, the first time it has ever taken such a step.
By Tom Waite; [email protected]
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