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Rolls-Royce adds ValueAct COO Brad Singer as expected.
Rolls says – “There is very strong alignment between the ValueAct management and the board. There has been no fundamental disagreement at all on the direction of the company, in fact quite the opposite.”
ValueAct COO and new Rolls board member says – ““I have been deeply impressed with the senior leadership team and directors of Rolls-Royce … I look forward to working closely with the board members and management team as they execute their plans for sustained long-term success.”
With ValueAct on the board, look for the fund to push for a spinoff of the marine arm.