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Birmingham Post
Birmingham Post
Business
Hannah Baker

Rolls-Royce share price tumbles as chief executive Warren East quits and amid Ukraine invasion

Warren East Rolls-Royce Ukraine United Kingdom

Rolls-Royce's share price plummeted nearly 14% on the news the company's chief executive is stepping down from his role.

Warren East will leave the firm at the end of 2022, with his successor yet to be announced. Shares tumbled on Thursday (February 24) on the news.

Rolls-Royce shares fell 13.8% to 101.61p at 08:47 GMT as investors responded to Mr East's announcement and amid uncertainty following the invasion of Ukraine by Russia.

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