Just two years ago, Tufan Erginbilgiç, then newly installed as CEO of Rolls-Royce, gave a grim warning to the engine maker’s employees, describing the company as a “burning platform” facing its “last chance” at survival, as he lamented its track record of destroying value with each of its investments.
With that considered, Rolls-Royce’s turnaround since—including a 500% share price jump and hitting profit targets two years ahead of schedule—is nothing short of astounding.
