Friday, May 3, 2013

Rolls-Royce aero chief resigns

The head of Rolls-Royce's prestigious aerospace division has resigned just four months after being promoted to lead the division that makes engines for commercial and military aircraft. Mark King, 48, will leave by the end of June. Rolls-Royce did not provide a reason for the departure. King will be replaced by Tony Wood, head of the company's ship engine business. Aerospace is the biggest Rolls-Royce division, accounted for more than 70 percent of 2012 revenues. (Source: The Guardian, New York Times, Financial Times, 05/02/13) Note: Rolls-Royce tests jetliner engines at its outdoor test facility at Stennis Space Center, Miss.