What do you do if your company needs to shift from burning fossil fuels to a zero-carbon world? In the case of Rolls-Royce the answer seems to be: call an oil man.
The FTSE 100 jet engines maker on Tuesday announced it had appointed Tufan Erginbilgic as its chief executive, replacing Warren East when he retires at the end of the year. Erginbilgic was not a familiar name to aerospace and defence analysts after spending 20 years at BP, including five as head of the group’s downstream business, running its refineries, chemicals plants and network of petrol stations.
