Rolls-Royce Power Systems boss Schell to step down

Rolls-Royce said on Thursday that Andreas Schell has decided to step down from his role as president of the Power Systems business to take up the post of CEO at German energy company Energie Baden-Württemberg.

The aerospace and defence giant said the search for his successor is currently underway and a further announcement will be made in due course.

Schell, who joined the company in 2017, will stay on in his current role "to ensure a seamless transition" but no later than the end of the year.

Chief executive Warren East said: "Andreas has successfully repositioned our Power Systems business from an engine manufacturer to a provider of sustainable power solutions and set it upon a firm path to capture the commercial opportunity presented by the energy transition.

"He has strengthened the leadership team in the business and together they have secured the highest order book in the organisation's history."